REX American Resources Corporation (NYSE:REX) Shares Acquired by Brown Advisory Inc.

Brown Advisory Inc. lifted its stake in shares of REX American Resources Corporation (NYSE:REX - Free Report) by 7.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 735,300 shares of the energy company's stock after acquiring an additional 52,737 shares during the period. Brown Advisory Inc. owned 4.32% of REX American Resources worth $27,625,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. AlphaQuest LLC acquired a new position in REX American Resources during the fourth quarter worth $46,000. State of Wyoming grew its stake in shares of REX American Resources by 67.3% in the 4th quarter. State of Wyoming now owns 3,616 shares of the energy company's stock worth $151,000 after acquiring an additional 1,454 shares in the last quarter. GF Fund Management CO. LTD. bought a new stake in shares of REX American Resources in the 4th quarter worth $200,000. First Trust Advisors LP bought a new stake in shares of REX American Resources in the 4th quarter worth $244,000. Finally, GAMMA Investing LLC grew its stake in shares of REX American Resources by 5,304.6% in the 1st quarter. GAMMA Investing LLC now owns 7,026 shares of the energy company's stock worth $264,000 after acquiring an additional 6,896 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

REX American Resources Price Performance

REX American Resources stock traded up $0.33 during mid-day trading on Friday, hitting $54.66. The company's stock had a trading volume of 22,915 shares, compared to its average volume of 132,747. The stock has a market cap of $900.25 million, a price-to-earnings ratio of 16.95 and a beta of 0.56. The business has a 50 day moving average price of $45.42 and a 200-day moving average price of $41.86. REX American Resources Corporation has a 12 month low of $33.45 and a 12 month high of $55.27.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings results on Wednesday, May 28th. The energy company reported $0.51 earnings per share for the quarter, topping the consensus estimate 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 net margin of 8.86% and a return on equity of 8.97%. On average, equities research analysts expect that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

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

Wall Street Analyst Weigh In

Separately, Truist Financial reaffirmed a "buy" rating and issued a $50.00 price objective (down from $55.00) on shares of REX American Resources in a 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.