D. E. Shaw & Co. Inc. Purchases 25,991 Shares of REX American Resources Co. (NYSE:REX)

D. E. Shaw & Co. Inc. increased its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 12.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 240,443 shares of the energy company's stock after buying an additional 25,991 shares during the period. D. E. Shaw & Co. Inc. owned 1.37% of REX American Resources worth $10,024,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Illinois Municipal Retirement Fund lifted its position in REX American Resources by 2.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 8,720 shares of the energy company's stock worth $364,000 after purchasing an additional 245 shares during the period. New York State Teachers Retirement System lifted its holdings in shares of REX American Resources by 5.4% during the 4th quarter. New York State Teachers Retirement System now owns 11,781 shares of the energy company's stock worth $491,000 after acquiring an additional 600 shares during the period. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its position in shares of REX American Resources by 16.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,765 shares of the energy company's stock worth $282,000 after acquiring an additional 950 shares in the last quarter. AlphaQuest LLC bought a new position in REX American Resources in the fourth quarter valued at approximately $46,000. Finally, Victory Capital Management Inc. raised its position in REX American Resources by 1.5% during the fourth quarter. Victory Capital Management Inc. now owns 84,316 shares of the energy company's stock valued at $3,515,000 after purchasing an additional 1,221 shares in the last quarter. Institutional investors own 88.12% of the company's stock.

REX American Resources Trading Up 0.5%

NYSE REX traded up $0.22 during trading on Tuesday, hitting $42.32. 13,051 shares of the company's stock were exchanged, compared to its average volume of 147,036. The stock's 50 day moving average price is $38.96 and its two-hundred day moving average price is $41.05. REX American Resources Co. has a fifty-two week low of $33.45 and a fifty-two week high of $59.91. The company has a market cap of $703.12 million, a PE ratio of 11.05 and a beta of 0.51.

REX American Resources (NYSE:REX - Get Free Report) last posted its earnings results on Wednesday, March 26th. The energy company reported $0.63 EPS for the quarter, beating the consensus estimate of $0.27 by $0.36. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. The firm had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. During the same period last year, the company earned $1.16 earnings per share. Analysts forecast that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources declared that its Board of Directors has approved a share repurchase program on Wednesday, March 26th that allows the company to buyback 1,500,000 outstanding shares. This buyback authorization allows the energy company to reacquire shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's board believes its shares are undervalued.

Wall Street Analysts Forecast Growth

Separately, Truist Financial reiterated a "buy" rating and issued a $50.00 price target (down previously from $55.00) on shares of REX American Resources in a research note on Thursday, March 27th.

REX American Resources Company Profile

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, ethanol, distillers corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.