BNP Paribas Financial Markets Lowers Stock Position in REX American Resources Co. (NYSE:REX)

BNP Paribas Financial Markets reduced its holdings in shares of REX American Resources Co. (NYSE:REX - Free Report) by 71.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,965 shares of the energy company's stock after selling 7,388 shares during the period. BNP Paribas Financial Markets' holdings in REX American Resources were worth $124,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund raised its stake 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 valued at $364,000 after purchasing an additional 245 shares in the last quarter. New York State Teachers Retirement System raised its holdings in shares of REX American Resources by 5.4% in the fourth quarter. New York State Teachers Retirement System now owns 11,781 shares of the energy company's stock valued at $491,000 after acquiring an additional 600 shares in the last quarter. AlphaQuest LLC purchased a new stake in shares of REX American Resources in the 4th quarter worth approximately $46,000. Victory Capital Management Inc. raised its position in shares of REX American Resources by 1.5% in the 4th quarter. Victory Capital Management Inc. now owns 84,316 shares of the energy company's stock worth $3,515,000 after acquiring an additional 1,221 shares in the last quarter. Finally, SG Americas Securities LLC grew its position in shares of REX American Resources by 36.1% in the 4th quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company's stock worth $237,000 after buying an additional 1,506 shares during the last quarter. 88.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

REX American Resources Price Performance

NYSE REX traded down $0.26 during trading hours on Wednesday, reaching $42.95. The company's stock had a trading volume of 3,181 shares, compared to its average volume of 128,579. REX American Resources Co. has a 1-year low of $33.45 and a 1-year high of $52.00. The firm has a market capitalization of $713.57 million, a price-to-earnings ratio of 11.24 and a beta of 0.51. The company's 50-day moving average is $40.04 and its two-hundred day moving average is $40.67.

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

REX American Resources declared that its Board of Directors has approved a stock 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 a sign that the company's leadership 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.