Deutsche Bank AG Sells 12,584 Shares of REX American Resources Co. (NYSE:REX)

Deutsche Bank AG reduced its stake in REX American Resources Co. (NYSE:REX - Free Report) by 44.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,964 shares of the energy company's stock after selling 12,584 shares during the quarter. Deutsche Bank AG owned about 0.09% of REX American Resources worth $666,000 at the end of the most recent reporting period.

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

Wall Street Analysts Forecast Growth

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

REX American Resources Price Performance

Shares of NYSE:REX traded up $1.04 during mid-day trading on Friday, hitting $42.15. The company had a trading volume of 140,319 shares, compared to its average volume of 143,496. REX American Resources Co. has a one year low of $33.45 and a one year high of $52.00. The firm has a fifty day moving average price of $39.90 and a 200 day moving average price of $40.76. The company has a market capitalization of $700.36 million, a PE ratio of 11.03 and a beta of 0.51.

REX American Resources (NYSE:REX - Get Free Report) last posted 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 net margin of 10.07% and a return on equity of 11.05%. The business had revenue of $158.34 million during the quarter, compared to analysts' expectations of $161.00 million. Research 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 of Directors has approved a stock buyback plan on Wednesday, March 26th that permits the company to repurchase 1,500,000 shares. This repurchase authorization permits the energy company to repurchase shares of its stock through open market purchases. Stock repurchase plans are generally an indication that the company's board of directors 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.