REX American Resources Co. (NYSE:REX) Shares Bought by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 23.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,035 shares of the energy company's stock after purchasing an additional 9,025 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned 0.27% of REX American Resources worth $1,961,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. State of Wyoming increased its stake in shares of REX American Resources by 67.3% in the 4th quarter. State of Wyoming now owns 3,616 shares of the energy company's stock valued at $151,000 after acquiring an additional 1,454 shares in the last quarter. Systematic Financial Management LP grew its stake in shares of REX American Resources by 3.5% in the 4th 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. Millennium Management LLC bought a new stake in shares of REX American Resources in the 4th quarter worth $991,000. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in shares of REX American Resources by 3.8% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 8,771 shares of the energy company's stock worth $366,000 after buying an additional 323 shares during the last quarter. Finally, D. E. Shaw & Co. Inc. boosted its holdings in shares of REX American Resources by 12.1% in the 4th quarter. D. E. Shaw & Co. Inc. now owns 240,443 shares of the energy company's stock worth $10,024,000 after buying an additional 25,991 shares during the last quarter. 88.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

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

REX American Resources Trading Up 1.6%

REX American Resources stock traded up $0.74 on Wednesday, hitting $45.55. 88,286 shares of the stock traded hands, compared to its average volume of 140,416. The firm has a market cap of $750.08 million, a P/E ratio of 11.92 and a beta of 0.53. The business's fifty day simple moving average is $40.82 and its 200 day simple moving average is $40.65. REX American Resources Co. has a 1 year low of $33.45 and a 1 year high of $52.00.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $158.34 million during the quarter, compared to the consensus estimate of $161.00 million. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. As a group, analysts predict that REX American Resources Co. will post 2.93 earnings per share for the current year.

REX American Resources declared that its Board of Directors has authorized a stock repurchase plan on Wednesday, March 26th that authorizes the company to buyback 1,500,000 shares. This buyback authorization authorizes the energy company to purchase shares of its stock through open market purchases. Stock buyback plans are typically an indication that the company's management believes its shares are undervalued.

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.