Millennium Management LLC Purchases Shares of 23,759 REX American Resources Co. (NYSE:REX)

Millennium Management LLC purchased a new stake in REX American Resources Co. (NYSE:REX - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 23,759 shares of the energy company's stock, valued at approximately $991,000. Millennium Management LLC owned about 0.14% of REX American Resources at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in REX. AlphaQuest LLC acquired a new stake in REX American Resources during the 4th quarter worth about $46,000. SG Americas Securities LLC boosted its position in shares of REX American Resources by 36.1% during the 4th quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company's stock valued at $237,000 after purchasing an additional 1,506 shares in the last quarter. First Trust Advisors LP acquired a new stake in REX American Resources during the fourth quarter worth approximately $244,000. Ieq Capital LLC bought a new position in shares of REX American Resources during the 4th quarter worth approximately $257,000. Finally, Lido Advisors LLC grew its position in shares of REX American Resources by 44.8% during the 4th quarter. Lido Advisors LLC now owns 6,522 shares of the energy company's stock worth $272,000 after buying an additional 2,017 shares during the period. Institutional investors and hedge funds own 88.12% of the company's stock.

Analysts Set New Price Targets

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

REX American Resources Stock Performance

Shares of NYSE REX traded up $0.39 during trading on Monday, hitting $43.86. 84,527 shares of the company traded hands, compared to its average volume of 140,854. The firm has a market capitalization of $728.78 million, a price-to-earnings ratio of 11.48 and a beta of 0.53. The business's fifty day moving average is $40.34 and its 200 day moving average is $40.59. REX American Resources Co. has a fifty-two week low of $33.45 and a fifty-two week high of $52.00.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings data on Wednesday, May 28th. The energy company reported $0.51 EPS for the quarter, beating 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 firm had revenue of $158.34 million during the quarter, compared to analysts' expectations of $161.00 million. On average, analysts predict that REX American Resources Co. will post 2.93 EPS for the current year.

REX American Resources declared that its board has authorized a share repurchase plan on Wednesday, March 26th that allows the company to repurchase 1,500,000 outstanding shares. This repurchase authorization allows the energy company to repurchase shares of its stock through open market purchases. Shares repurchase plans are typically a sign that the company's management believes its shares are 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.