JPMorgan Chase & Co. Raises Stock Holdings in REX American Resources Co. (NYSE:REX)

JPMorgan Chase & Co. increased its holdings in shares of REX American Resources Co. (NYSE:REX - Free Report) by 19.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 123,419 shares of the energy company's stock after acquiring an additional 19,686 shares during the quarter. JPMorgan Chase & Co. owned about 0.70% of REX American Resources worth $5,145,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of REX. American Century Companies Inc. raised its position 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 valued at $17,577,000 after buying an additional 51,945 shares in the last quarter. Teacher Retirement System of Texas raised its holdings in REX American Resources by 104.6% in the 4th quarter. Teacher Retirement System of Texas now owns 43,946 shares of the energy company's stock valued at $1,832,000 after acquiring an additional 22,468 shares in the last quarter. Proficio Capital Partners LLC acquired a new position in REX American Resources in the 4th quarter valued at $890,000. Barclays PLC lifted its position in shares of REX American Resources by 87.3% during the 3rd quarter. Barclays PLC now owns 42,855 shares of the energy company's stock valued at $1,983,000 after acquiring an additional 19,977 shares during the period. Finally, Semanteon Capital Management LP acquired a new stake in shares of REX American Resources during the 4th quarter worth $603,000. Institutional investors and hedge funds own 88.12% of the company's stock.

Analysts Set New Price Targets

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

REX American Resources Price Performance

REX traded up $0.40 during trading on Thursday, hitting $40.47. 12,154 shares of the stock traded hands, compared to its average volume of 155,210. The business has a 50 day moving average price of $38.29 and a 200 day moving average price of $41.64. The company has a market cap of $688.43 million, a price-to-earnings ratio of 10.58 and a beta of 0.69. REX American Resources Co. has a twelve month low of $33.45 and a twelve month high of $60.41.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.36. The company had revenue of $158.23 million for the quarter, compared to the consensus estimate of $163.00 million. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same period last year, the company posted $1.16 EPS. On average, equities research analysts predict that REX American Resources Co. will post 2.93 earnings per share for the current year.

REX American Resources announced that its board has approved a stock repurchase program on Wednesday, March 26th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the energy company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

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.