Jane Street Group LLC Buys Shares of 41,584 REX American Resources Co. (NYSE:REX)

Jane Street Group LLC bought a new position in shares of REX American Resources Co. (NYSE:REX - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 41,584 shares of the energy company's stock, valued at approximately $1,734,000. Jane Street Group LLC owned approximately 0.24% of REX American Resources at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in REX. AlphaQuest LLC bought a new stake in shares of REX American Resources during the fourth quarter worth about $46,000. Ballentine Partners LLC bought a new stake in shares of REX American Resources during the fourth quarter worth about $232,000. SG Americas Securities LLC increased its position in shares of REX American Resources by 36.1% during the fourth quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company's stock worth $237,000 after acquiring an additional 1,506 shares in the last quarter. First Trust Advisors LP bought a new stake in shares of REX American Resources during the fourth quarter worth about $244,000. Finally, Ieq Capital LLC bought a new stake in REX American Resources in the 4th quarter worth about $257,000. 88.12% of the stock is owned by institutional investors.

REX American Resources Stock Down 0.3%

REX stock traded down $0.13 during trading on Friday, reaching $41.63. The stock had a trading volume of 60,024 shares, compared to its average volume of 144,352. REX American Resources Co. has a one year low of $33.45 and a one year high of $57.06. The company's 50 day moving average is $39.42 and its two-hundred day moving average is $41.00. The company has a market capitalization of $691.72 million, a price-to-earnings ratio of 10.90 and a beta of 0.51.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The energy company reported $0.63 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.36. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The business had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. During the same period in the prior year, the firm posted $1.16 EPS. As a group, research analysts predict that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources declared that its board has authorized a share buyback plan on Wednesday, March 26th that authorizes the company to repurchase 1,500,000 outstanding shares. This repurchase authorization authorizes the energy company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

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

REX American Resources 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.