Ameriprise Financial Inc. Acquires 7,098 Shares of REX American Resources Co. (NYSE:REX)

Ameriprise Financial Inc. lifted its position in shares of REX American Resources Co. (NYSE:REX - Free Report) by 8.6% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 89,543 shares of the energy company's stock after acquiring an additional 7,098 shares during the quarter. Ameriprise Financial Inc. owned approximately 0.51% of REX American Resources worth $3,733,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. JPMorgan Chase & Co. raised its position in shares of REX American Resources by 19.0% during the fourth quarter. JPMorgan Chase & Co. now owns 123,419 shares of the energy company's stock worth $5,145,000 after acquiring an additional 19,686 shares during the last quarter. Barclays PLC raised its position in shares of REX American Resources by 87.3% during the third quarter. Barclays PLC now owns 42,855 shares of the energy company's stock worth $1,983,000 after acquiring an additional 19,977 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in shares of REX American Resources during the fourth quarter worth $890,000. XTX Topco Ltd bought a new stake in shares of REX American Resources during the fourth quarter worth $605,000. Finally, KLP Kapitalforvaltning AS bought a new stake in shares of REX American Resources during the fourth quarter worth $375,000. Institutional investors own 88.12% of the company's stock.

Wall Street Analyst Weigh In

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

REX American Resources Stock Up 2.5%

NYSE REX traded up $1.04 on Friday, reaching $42.15. The company had a trading volume of 140,319 shares, compared to its average volume of 142,811. The stock's 50 day moving average is $39.90 and its 200-day moving average is $40.72. The stock has a market cap of $700.36 million, a price-to-earnings ratio of 11.03 and a beta of 0.51. REX American Resources Co. has a 52 week low of $33.45 and a 52 week high of $52.00.

REX American Resources (NYSE:REX - Get Free Report) last released its quarterly earnings data on Wednesday, May 28th. The energy company reported $0.51 EPS for the quarter, beating analysts' consensus estimates of $0.34 by $0.17. The business had revenue of $158.34 million during the quarter, compared to the consensus estimate of $161.00 million. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. As a group, analysts forecast that REX American Resources Co. will post 2.93 EPS for the current year.

REX American Resources announced that its board has approved a share repurchase plan on Wednesday, March 26th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the energy company to buy shares of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's management believes its stock is undervalued.

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.