Russell Investments Group Ltd. Purchases 33,298 Shares of REX American Resources Co. (NYSE:REX)

Russell Investments Group Ltd. raised its stake in REX American Resources Co. (NYSE:REX - Free Report) by 96.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 67,858 shares of the energy company's stock after buying an additional 33,298 shares during the period. Russell Investments Group Ltd. owned about 0.39% of REX American Resources worth $3,210,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. South Dakota Investment Council raised its position in REX American Resources by 256.4% during the fourth quarter. South Dakota Investment Council now owns 162,231 shares of the energy company's stock valued at $7,674,000 after purchasing an additional 116,710 shares in the last quarter. Hsbc Holdings PLC bought a new stake in REX American Resources in the 3rd quarter worth approximately $244,000. Invesco Ltd. boosted its stake in REX American Resources by 5.2% in the third quarter. Invesco Ltd. now owns 293,943 shares of the energy company's stock worth $11,969,000 after buying an additional 14,593 shares in the last quarter. Wedge Capital Management L L P NC grew its position in REX American Resources by 8.8% during the fourth quarter. Wedge Capital Management L L P NC now owns 10,537 shares of the energy company's stock valued at $498,000 after acquiring an additional 850 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of REX American Resources by 84.5% during the third quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company's stock worth $36,000 after acquiring an additional 409 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Trading Down 2.2 %

Shares of NYSE:REX traded down $1.28 during trading on Monday, reaching $57.89. 235,258 shares of the company traded hands, compared to its average volume of 150,300. REX American Resources Co. has a 52-week low of $28.39 and a 52-week high of $60.78. The business's fifty day moving average is $52.56 and its 200-day moving average is $45.91. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 16.73 and a beta of 1.08.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings results 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. The business had revenue of $187.61 million for the quarter, compared to analyst estimates of $170.00 million. REX American Resources had a net margin of 7.31% and a return on equity of 11.06%. On average, sell-side analysts predict that REX American Resources Co. will post 1.77 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Truist Financial reaffirmed a "buy" rating and set a $70.00 target price (up previously from $58.00) on shares of REX American Resources in a report on Friday, April 12th. StockNews.com upgraded REX American Resources from a "hold" rating to a "buy" rating in a report on Thursday, March 7th.

Insider Activity at REX American Resources

In other REX American Resources news, CFO Douglas Bruggeman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total value of $119,200.00. Following the completion of the sale, the chief financial officer now owns 88,605 shares in the company, valued at approximately $5,280,858. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other REX American Resources news, insider Stuart A. Rose sold 4,943 shares of REX American Resources stock in a transaction that occurred on Monday, April 8th. The stock was sold at an average price of $58.57, for a total transaction of $289,511.51. Following the sale, the insider now directly owns 1,487,362 shares of the company's stock, valued at approximately $87,114,792.34. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Douglas Bruggeman sold 2,000 shares of the firm's stock in a transaction that occurred on Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total value of $119,200.00. Following the completion of the transaction, the chief financial officer now owns 88,605 shares of the company's stock, valued at approximately $5,280,858. 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. Company insiders own 11.68% of the company's stock.

About REX American Resources

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.