REX American Resources Corporation (NYSE:REX) Shares Sold by Teacher Retirement System of Texas

Teacher Retirement System of Texas decreased its holdings in REX American Resources Corporation (NYSE:REX - Free Report) by 26.9% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 32,108 shares of the energy company's stock after selling 11,838 shares during the period. Teacher Retirement System of Texas owned about 0.19% of REX American Resources worth $1,206,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. grew its stake in shares of REX American Resources by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,304,619 shares of the energy company's stock worth $54,390,000 after acquiring an additional 5,149 shares in the last quarter. Renaissance Technologies LLC grew its stake in shares of REX American Resources by 2.5% in the fourth quarter. Renaissance Technologies LLC now owns 876,003 shares of the energy company's stock worth $36,521,000 after acquiring an additional 21,488 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of REX American Resources by 3.5% in the fourth quarter. Systematic Financial Management LP now owns 717,303 shares of the energy company's stock worth $29,904,000 after acquiring an additional 24,377 shares in the last quarter. Brown Advisory Inc. grew its stake in shares of REX American Resources by 9.7% in the fourth quarter. Brown Advisory Inc. now owns 682,563 shares of the energy company's stock worth $28,456,000 after acquiring an additional 60,600 shares in the last quarter. Finally, American Century Companies Inc. grew its stake in shares of REX American Resources by 14.1% in the fourth quarter. American Century Companies Inc. now owns 421,621 shares of the energy company's stock worth $17,577,000 after acquiring an additional 51,945 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

REX American Resources Trading Down 1.8%

Shares of REX stock traded down $0.97 on Wednesday, reaching $53.21. 81,106 shares of the stock were exchanged, compared to its average volume of 132,303. The business's 50 day moving average price is $46.28 and its 200 day moving average price is $42.14. The company has a market capitalization of $876.35 million, a price-to-earnings ratio of 16.52 and a beta of 0.56. REX American Resources Corporation has a twelve month low of $33.45 and a twelve month high of $55.36.

REX American Resources (NYSE:REX - Get Free Report) last issued its 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. The firm had revenue of $158.34 million during the quarter, compared to the consensus estimate of $161.00 million. REX American Resources had a net margin of 8.86% and a return on equity of 8.97%. Equities research analysts forecast that REX American Resources Corporation will post 2.93 earnings per share for the current year.

REX American Resources declared that its Board of Directors has approved a share repurchase program on Wednesday, March 26th that permits the company to buyback 1,500,000 shares. This buyback authorization permits the energy company to buy shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Ratings Changes

Separately, Truist Financial restated a "buy" rating and issued a $50.00 price target (down previously 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.