BNP Paribas Financial Markets Sells 7,388 Shares of REX American Resources Co. (NYSE:REX)

BNP Paribas Financial Markets lessened its holdings in shares of REX American Resources Co. (NYSE:REX - Free Report) by 71.4% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,965 shares of the energy company's stock after selling 7,388 shares during the quarter. BNP Paribas Financial Markets' holdings in REX American Resources were worth $124,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its stake in REX American Resources by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,304,619 shares of the energy company's stock valued at $54,390,000 after buying an additional 5,149 shares in the last quarter. Renaissance Technologies LLC raised its holdings in shares of REX American Resources by 2.5% during the fourth quarter. Renaissance Technologies LLC now owns 876,003 shares of the energy company's stock worth $36,521,000 after acquiring an additional 21,488 shares during the period. American Century Companies Inc. lifted its position in REX American Resources by 14.1% in the 4th quarter. American Century Companies Inc. now owns 421,621 shares of the energy company's stock valued at $17,577,000 after acquiring an additional 51,945 shares in the last quarter. Geode Capital Management LLC boosted its stake in REX American Resources by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 368,638 shares of the energy company's stock worth $15,372,000 after purchasing an additional 2,858 shares during the period. Finally, Northern Trust Corp increased its holdings in REX American Resources by 1.3% during the 4th quarter. Northern Trust Corp now owns 231,773 shares of the energy company's stock worth $9,663,000 after purchasing an additional 2,882 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Stock Down 0.7%

Shares of REX stock traded down $0.30 during trading on Wednesday, reaching $42.90. The company's stock had a trading volume of 86,502 shares, compared to its average volume of 141,654. REX American Resources Co. has a one year low of $33.45 and a one year high of $52.00. The business has a fifty day moving average price of $40.14 and a 200-day moving average price of $40.69. The company has a market cap of $712.83 million, a price-to-earnings ratio of 11.23 and a beta of 0.51.

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

REX American Resources declared that its Board of Directors has approved a stock repurchase plan on Wednesday, March 26th that authorizes the company to buyback 1,500,000 shares. This buyback authorization authorizes the energy company to purchase shares of its stock through open market purchases. Shares buyback plans are usually a sign that the company's board believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

About REX American Resources

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.