South Dakota Investment Council Takes $210,000 Position in REX American Resources Corporation (NYSE:REX)

South Dakota Investment Council bought a new stake in shares of REX American Resources Corporation (NYSE:REX - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The institutional investor bought 5,600 shares of the energy company's stock, valued at approximately $210,000.

Several other large investors have also recently bought and sold shares of the stock. CWM LLC raised its stake in REX American Resources by 139.8% during the 1st quarter. CWM LLC now owns 1,990 shares of the energy company's stock valued at $75,000 after purchasing an additional 1,160 shares during the last quarter. Alps Advisors Inc. raised its stake in REX American Resources by 1.2% during the 1st quarter. Alps Advisors Inc. now owns 24,272 shares of the energy company's stock valued at $912,000 after purchasing an additional 292 shares during the last quarter. Brown Advisory Inc. boosted its position in shares of REX American Resources by 7.7% during the 1st quarter. Brown Advisory Inc. now owns 735,300 shares of the energy company's stock valued at $27,625,000 after acquiring an additional 52,737 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of REX American Resources by 2.5% during the 1st quarter. Principal Financial Group Inc. now owns 83,808 shares of the energy company's stock valued at $3,149,000 after acquiring an additional 2,082 shares in the last quarter. Finally, Exchange Traded Concepts LLC boosted its position in shares of REX American Resources by 15.0% during the 1st quarter. Exchange Traded Concepts LLC now owns 27,831 shares of the energy company's stock valued at $1,046,000 after acquiring an additional 3,621 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

REX American Resources Trading Down 1.6%

Shares of REX American Resources stock traded down $0.91 during mid-day trading on Thursday, reaching $54.29. 25,415 shares of the stock were exchanged, compared to its average volume of 126,245. The company has a market cap of $894.16 million, a price-to-earnings ratio of 16.86 and a beta of 0.56. The firm has a 50-day simple moving average of $47.80 and a 200 day simple moving average of $42.63. REX American Resources Corporation has a fifty-two week low of $33.45 and a fifty-two week high of $55.36.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings data 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 8.86% and a return on equity of 8.97%. The firm had revenue of $158.34 million for the quarter, compared to analyst estimates of $161.00 million. On average, research analysts predict that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

REX American Resources announced that its Board of Directors has approved a share repurchase program on Wednesday, March 26th that authorizes the company to buyback 1,500,000 outstanding shares. This buyback authorization authorizes the energy company to reacquire shares of its stock through open market purchases. Shares buyback programs are often an indication that the company's leadership believes its shares are undervalued.

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 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.