Millennium Management LLC Purchases New Position in REX American Resources Co. (NYSE:REX)

Millennium Management LLC acquired a new stake in shares of REX American Resources Co. (NYSE:REX - Free Report) in the fourth quarter, according to the company in its most recent filing with the SEC. The firm acquired 23,759 shares of the energy company's stock, valued at approximately $991,000. Millennium Management LLC owned approximately 0.14% of REX American Resources at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Illinois Municipal Retirement Fund grew its stake in REX American Resources by 2.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 8,720 shares of the energy company's stock worth $364,000 after purchasing an additional 245 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in REX American Resources by 3.8% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,771 shares of the energy company's stock worth $366,000 after acquiring an additional 323 shares during the period. New York State Teachers Retirement System grew its holdings in REX American Resources by 5.4% during the 4th quarter. New York State Teachers Retirement System now owns 11,781 shares of the energy company's stock worth $491,000 after acquiring an additional 600 shares in the last quarter. AlphaQuest LLC bought a new position in REX American Resources during the 4th quarter worth about $46,000. Finally, Victory Capital Management Inc. increased its holdings in REX American Resources by 1.5% during the fourth quarter. Victory Capital Management Inc. now owns 84,316 shares of the energy company's stock valued at $3,515,000 after buying an additional 1,221 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Truist Financial reaffirmed 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.

REX American Resources Stock Performance

REX stock traded up $0.72 on Friday, hitting $43.40. 67,615 shares of the company's stock were exchanged, compared to its average volume of 141,097. The firm has a 50 day moving average price of $40.24 and a two-hundred day moving average price of $40.66. REX American Resources Co. has a 12-month low of $33.45 and a 12-month high of $52.00. The stock has a market cap of $721.07 million, a P/E ratio of 11.36 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 EPS for the quarter, topping analysts' consensus estimates 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 company had revenue of $158.34 million during the quarter, compared to analysts' expectations of $161.00 million. Sell-side analysts expect that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources announced that its board has authorized a share buyback program on Wednesday, March 26th that allows the company to repurchase 1,500,000 outstanding shares. This repurchase authorization allows the energy company to reacquire shares of its stock through open market purchases. Stock repurchase programs are typically a sign that the company's board of directors believes its shares are 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.