Teacher Retirement System of Texas Sells 11,838 Shares of REX American Resources Corporation (NYSE:REX)

Teacher Retirement System of Texas lowered its position in shares of REX American Resources Corporation (NYSE:REX - Free Report) by 26.9% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 32,108 shares of the energy company's stock after selling 11,838 shares during the quarter. Teacher Retirement System of Texas owned approximately 0.19% of REX American Resources worth $1,206,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in shares of REX American Resources by 3.8% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,771 shares of the energy company's stock worth $366,000 after acquiring an additional 323 shares during the last quarter. SummerHaven Investment Management LLC raised its position in shares of REX American Resources by 2.0% during the first quarter. SummerHaven Investment Management LLC now owns 17,792 shares of the energy company's stock worth $668,000 after acquiring an additional 345 shares during the last quarter. AlphaQuest LLC bought a new stake in shares of REX American Resources during the fourth quarter worth $46,000. Victory Capital Management Inc. raised its position in shares of REX American Resources by 1.5% during the fourth quarter. Victory Capital Management Inc. now owns 84,316 shares of the energy company's stock worth $3,515,000 after acquiring an additional 1,221 shares during the last quarter. Finally, State of Wyoming raised its position in shares of REX American Resources by 67.3% during the fourth quarter. State of Wyoming now owns 3,616 shares of the energy company's stock worth $151,000 after acquiring an additional 1,454 shares during the last quarter. Institutional investors own 88.12% of the company's stock.

REX American Resources Stock Up 0.6%

Shares of REX American Resources stock opened at $54.63 on Friday. REX American Resources Corporation has a 12 month low of $33.45 and a 12 month high of $55.01. The business has a fifty day simple moving average of $45.70 and a 200 day simple moving average of $41.96. The stock has a market cap of $899.81 million, a PE ratio of 16.97 and a beta of 0.56.

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, beating analysts' consensus estimates of $0.34 by $0.17. REX American Resources had a return on equity of 8.97% and a net margin of 8.86%. The firm had revenue of $158.34 million during the quarter, compared to analysts' expectations of $161.00 million. Analysts expect that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

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

Analyst Ratings Changes

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

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.

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