Vanguard Group Inc. Raises Stock Position in REX American Resources Corporation $REX

Key Points

• Vanguard Group Inc. has increased its stake in REX American Resources Corporation by 0.9%, now owning approximately 1.3 million shares worth $49.46 million.
• Other institutional investors, such as Brown Advisory Inc. and SG Americas Securities LLC, have also significantly increased their holdings in REX American Resources during the first quarter.
• REX American Resources reported a quarterly earnings per share (EPS) of $0.51, surpassing analysts' expectations of $0.34.

Vanguard Group Inc. raised its position in REX American Resources Corporation (NYSE:REX - Free Report) by 0.9% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,316,404 shares of the energy company's stock after acquiring an additional 11,785 shares during the period. Vanguard Group Inc. owned approximately 7.92% of REX American Resources worth $49,457,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also made changes to their positions in REX. CWM LLC raised its holdings in shares of REX American Resources by 139.8% in the first quarter. CWM LLC now owns 1,990 shares of the energy company's stock worth $75,000 after buying an additional 1,160 shares during the last quarter. State of Wyoming raised its holdings in shares of REX American Resources by 67.3% in the fourth quarter. State of Wyoming now owns 3,616 shares of the energy company's stock worth $151,000 after buying an additional 1,454 shares during the last quarter. GF Fund Management CO. LTD. purchased a new position in shares of REX American Resources in the fourth quarter worth $200,000. South Dakota Investment Council purchased a new position in shares of REX American Resources in the first quarter worth $210,000. Finally, First Trust Advisors LP purchased a new position in shares of REX American Resources in the fourth quarter worth $244,000. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Trading Down 2.0%

Shares of NYSE REX traded down $1.31 during midday trading on Friday, reaching $62.80. The company had a trading volume of 91,585 shares, compared to its average volume of 98,971. The business's 50-day simple moving average is $54.02 and its 200 day simple moving average is $45.16. The stock has a market cap of $1.04 billion, a P/E ratio of 21.29 and a beta of 0.66. REX American Resources Corporation has a 1 year low of $33.45 and a 1 year high of $64.95.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings results on Wednesday, August 27th. The energy company reported $0.43 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.38 by $0.05. REX American Resources had a net margin of 7.91% and a return on equity of 8.09%. The business had revenue of $158.56 million during the quarter, compared to analysts' expectations of $165.00 million. Analysts predict that REX American Resources Corporation will post 2.93 earnings per share for the current year.

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.