REX American Resources Corporation $REX Shares Acquired by JPMorgan Chase & Co.

Key Points

• JPMorgan Chase & Co. increased its stake in REX American Resources by 80.5% in Q3, acquiring 77,004 shares and bringing its holding to 172,612 shares (about 0.52% of the company) valued at $5.29 million.
• REX reported quarterly EPS of $1.32, beating estimates by $1.18 while revenue came in at $157.96 million versus a $162.0 million consensus; the company has a $1.47 billion market cap and a P/E of 17.81 with a 52-week range of $16.73–$48.66.
• Analyst sentiment has turned positive with upgrades from Wall Street Zen and Weiss Ratings to "buy" and a consensus "Buy" rating, while institutional investors hold roughly 88.12% of the stock.

JPMorgan Chase & Co. lifted its position in REX American Resources Corporation (NYSE:REX - Free Report) by 80.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 172,612 shares of the energy company's stock after acquiring an additional 77,004 shares during the period. JPMorgan Chase & Co. owned 0.52% of REX American Resources worth $5,285,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. GAMMA Investing LLC raised its stake in REX American Resources by 116.5% in the 3rd quarter. GAMMA Investing LLC now owns 1,078 shares of the energy company's stock valued at $33,000 after purchasing an additional 580 shares during the last quarter. Elevation Point Wealth Partners LLC acquired a new stake in REX American Resources during the 2nd quarter worth $33,000. Parallel Advisors LLC grew its holdings in shares of REX American Resources by 97.6% during the third quarter. Parallel Advisors LLC now owns 1,142 shares of the energy company's stock worth $35,000 after buying an additional 564 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of REX American Resources by 59.2% during the third quarter. Ameritas Investment Partners Inc. now owns 2,476 shares of the energy company's stock worth $76,000 after buying an additional 921 shares in the last quarter. Finally, US Bancorp DE raised its position in shares of REX American Resources by 100.0% in the third quarter. US Bancorp DE now owns 2,680 shares of the energy company's stock valued at $82,000 after buying an additional 1,340 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Stock Performance

NYSE REX opened at $44.53 on Thursday. The stock's fifty day moving average is $37.14 and its two-hundred day moving average is $34.07. The firm has a market capitalization of $1.47 billion, a P/E ratio of 17.81 and a beta of 0.61. REX American Resources Corporation has a fifty-two week low of $16.73 and a fifty-two week high of $48.66.

REX American Resources (NYSE:REX - Get Free Report) last issued its earnings results on Thursday, March 26th. The energy company reported $1.32 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $1.18. REX American Resources had a return on equity of 12.72% and a net margin of 12.75%.The business had revenue of $157.96 million during the quarter, compared to the consensus estimate of $162.00 million. As a group, sell-side analysts forecast that REX American Resources Corporation will post 2.93 EPS for the current year.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the stock. Wall Street Zen upgraded shares of REX American Resources from a "hold" rating to a "buy" rating in a research report on Saturday, December 6th. Weiss Ratings upgraded shares of REX American Resources from a "hold (c+)" rating to a "buy (b-)" rating in a report on Monday, March 2nd. One analyst has rated the stock with a Buy rating, Based on data from MarketBeat, REX American Resources has a consensus rating of "Buy".

REX American Resources Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.

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