REX American Resources Co. (NYSE:REX) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its position in REX American Resources Co. (NYSE:REX - Free Report) by 59.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 89,502 shares of the energy company's stock after selling 129,963 shares during the quarter. Nuveen Asset Management LLC owned about 0.51% of REX American Resources worth $3,731,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also made changes to their positions in REX. Barclays PLC lifted its position in shares of REX American Resources by 87.3% in the third quarter. Barclays PLC now owns 42,855 shares of the energy company's stock valued at $1,983,000 after acquiring an additional 19,977 shares in the last quarter. SG Americas Securities LLC lifted its position in shares of REX American Resources by 36.1% in the fourth quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company's stock valued at $237,000 after acquiring an additional 1,506 shares in the last quarter. Empowered Funds LLC lifted its position in shares of REX American Resources by 5.0% in the fourth quarter. Empowered Funds LLC now owns 75,539 shares of the energy company's stock valued at $3,149,000 after acquiring an additional 3,618 shares in the last quarter. New York State Teachers Retirement System lifted its position 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. Finally, Principal Financial Group Inc. lifted its position in shares of REX American Resources by 3.9% in the fourth quarter. Principal Financial Group Inc. now owns 81,726 shares of the energy company's stock valued at $3,407,000 after acquiring an additional 3,094 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Trading Down 0.6%

REX stock traded down $0.24 during midday trading on Thursday, hitting $42.73. 78,485 shares of the company's stock were exchanged, compared to its average volume of 141,378. The business has a 50-day simple moving average of $40.24 and a two-hundred day simple moving average of $40.66. The stock has a market capitalization of $710.05 million, a PE ratio of 11.19 and a beta of 0.51. REX American Resources Co. has a 1-year low of $33.45 and a 1-year high of $52.00.

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

REX American Resources announced that its Board of Directors has authorized a share buyback plan on Wednesday, March 26th that permits the company to repurchase 1,500,000 shares. This repurchase authorization permits the energy company to purchase shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company's management believes its stock is undervalued.

Wall Street Analysts Forecast Growth

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

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.