South Dakota Investment Council grew its stake in REX American Resources Co. (NYSE:REX - Free Report) by 256.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 162,231 shares of the energy company's stock after acquiring an additional 116,710 shares during the quarter. South Dakota Investment Council owned 0.93% of REX American Resources worth $7,674,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds also recently modified their holdings of the stock. Allspring Global Investments Holdings LLC grew its position in shares of REX American Resources by 84.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company's stock valued at $36,000 after purchasing an additional 409 shares during the period. Denali Advisors LLC acquired a new position in shares of REX American Resources in the 3rd quarter valued at approximately $118,000. Arizona State Retirement System acquired a new position in shares of REX American Resources in the 4th quarter valued at approximately $208,000. Hsbc Holdings PLC acquired a new position in shares of REX American Resources in the 3rd quarter valued at approximately $244,000. Finally, Tower Research Capital LLC TRC boosted its position in REX American Resources by 172.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,341 shares of the energy company's stock worth $340,000 after acquiring an additional 5,280 shares during the last quarter. 88.12% of the stock is owned by institutional investors.
Insider Transactions at REX American Resources
In other news, CFO Douglas Bruggeman sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total transaction of $119,200.00. Following the sale, the chief financial officer now owns 88,605 shares in the company, valued at approximately $5,280,858. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, CFO Douglas Bruggeman sold 2,000 shares of the company's stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total transaction of $119,200.00. Following the sale, the chief financial officer now owns 88,605 shares in the company, valued at approximately $5,280,858. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Stuart A. Rose sold 5,041 shares of the company's stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $58.08, for a total value of $292,781.28. Following the sale, the insider now owns 1,492,305 shares in the company, valued at approximately $86,673,074.40. The disclosure for this sale can be found here. Insiders have sold a total of 111,984 shares of company stock worth $6,643,493 in the last 90 days. Corporate insiders own 12.20% of the company's stock.
REX American Resources Price Performance
NYSE:REX traded down $0.84 during trading hours on Wednesday, reaching $55.97. 200,661 shares of the stock were exchanged, compared to its average volume of 139,613. REX American Resources Co. has a twelve month low of $27.47 and a twelve month high of $60.78. The firm has a 50 day moving average of $49.02 and a 200 day moving average of $44.11. The stock has a market cap of $979.70 million, a PE ratio of 16.13 and a beta of 1.07.
REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings data on Thursday, March 28th. The energy company reported $1.16 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.71 by $0.45. REX American Resources had a return on equity of 11.06% and a net margin of 7.31%. The company had revenue of $187.61 million for the quarter, compared to analysts' expectations of $170.00 million. Equities research analysts anticipate that REX American Resources Co. will post 1.77 earnings per share for the current year.
Wall Street Analysts Forecast Growth
A number of equities analysts have weighed in on REX shares. Truist Financial reaffirmed a "buy" rating and set a $70.00 price target (up previously from $58.00) on shares of REX American Resources in a research report on Friday, April 12th. StockNews.com raised REX American Resources from a "hold" rating to a "buy" rating in a research report on Thursday, March 7th.
Check Out Our Latest Analysis on REX American Resources
About REX American Resources
(
Free Report)
REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade 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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