REX American Resources Co. (NYSE:REX) Shares Purchased by Ameriprise Financial Inc.

Ameriprise Financial Inc. boosted its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 8.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 89,543 shares of the energy company's stock after purchasing an additional 7,098 shares during the quarter. Ameriprise Financial Inc. owned about 0.51% of REX American Resources worth $3,733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Jane Street Group LLC purchased a new stake in REX American Resources in the fourth quarter valued at about $1,734,000. Lido Advisors LLC raised its position in REX American Resources by 44.8% during the fourth quarter. Lido Advisors LLC now owns 6,522 shares of the energy company's stock valued at $272,000 after acquiring an additional 2,017 shares in the last quarter. Northern Trust Corp increased its position in shares of REX American Resources by 1.3% in the fourth quarter. Northern Trust Corp now owns 231,773 shares of the energy company's stock valued at $9,663,000 after buying an additional 2,882 shares in the last quarter. Hsbc Holdings PLC increased its position in shares of REX American Resources by 33.8% in the fourth quarter. Hsbc Holdings PLC now owns 13,354 shares of the energy company's stock valued at $559,000 after buying an additional 3,377 shares in the last quarter. Finally, First Trust Advisors LP purchased a new stake in shares of REX American Resources in the fourth quarter valued at approximately $244,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Trading Up 2.1%

NYSE:REX traded up $0.87 during trading hours on Friday, hitting $41.98. The company had a trading volume of 37,515 shares, compared to its average volume of 143,462. The company has a 50-day moving average of $39.79 and a 200 day moving average of $40.80. The company has a market cap of $697.54 million, a P/E ratio of 10.99 and a beta of 0.51. REX American Resources Co. has a 1 year low of $33.45 and a 1 year high of $52.20.

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

REX American Resources declared that its board has initiated a stock buyback program on Wednesday, March 26th that permits the company to buyback 1,500,000 outstanding shares. This buyback authorization permits the energy company to reacquire shares of its stock through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Truist Financial reiterated a "buy" rating and set a $50.00 price target (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.