Brown Advisory Inc. Increases Position in REX American Resources Corporation (NYSE:REX)

Brown Advisory Inc. grew its holdings in shares of REX American Resources Corporation (NYSE:REX - Free Report) by 7.7% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 735,300 shares of the energy company's stock after acquiring an additional 52,737 shares during the quarter. Brown Advisory Inc. owned 4.32% of REX American Resources worth $27,625,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in REX. Vanguard Group Inc. raised its holdings in shares of REX American Resources by 0.4% during the fourth quarter. Vanguard Group Inc. now owns 1,304,619 shares of the energy company's stock valued at $54,390,000 after acquiring an additional 5,149 shares in the last quarter. Renaissance Technologies LLC lifted 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 valued at $36,521,000 after purchasing an additional 21,488 shares during the last quarter. Systematic Financial Management LP boosted its holdings in REX American Resources by 3.5% in the fourth quarter. Systematic Financial Management LP now owns 717,303 shares of the energy company's stock worth $29,904,000 after acquiring an additional 24,377 shares in the last quarter. American Century Companies Inc. grew its stake in shares of REX American Resources by 14.1% in the fourth quarter. American Century Companies Inc. now owns 421,621 shares of the energy company's stock worth $17,577,000 after acquiring an additional 51,945 shares during the last quarter. Finally, Geode Capital Management LLC increased its holdings in shares of REX American Resources by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 368,638 shares of the energy company's stock valued at $15,372,000 after acquiring an additional 2,858 shares in the last quarter. 88.12% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

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

REX American Resources Stock Up 1.6%

NYSE:REX opened at $53.91 on Thursday. REX American Resources Corporation has a 52 week low of $33.45 and a 52 week high of $54.04. The stock has a market cap of $887.90 million, a price-to-earnings ratio of 16.74 and a beta of 0.56. The company's 50 day moving average price is $45.14 and its 200-day moving average price is $41.77.

REX American Resources (NYSE:REX - Get Free Report) last posted its earnings results on Wednesday, May 28th. The energy company reported $0.51 EPS for the quarter, topping analysts' consensus estimates of $0.34 by $0.17. The business had revenue of $158.34 million during the quarter, compared to analyst estimates of $161.00 million. REX American Resources had a return on equity of 8.97% and a net margin of 8.86%. As a group, sell-side analysts anticipate that REX American Resources Corporation will post 2.93 earnings per share for the current year.

REX American Resources announced that its Board of Directors has initiated a share repurchase plan on Wednesday, March 26th that authorizes the company to buyback 1,500,000 outstanding shares. This buyback authorization authorizes the energy company to reacquire shares of its stock through open market purchases. Shares buyback plans are generally an indication that the company's leadership believes its stock is undervalued.

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.

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