Barclays PLC Acquires 6,234 Shares of REX American Resources Co. (NYSE:REX)

Barclays PLC lifted its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 14.5% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 49,089 shares of the energy company's stock after purchasing an additional 6,234 shares during the quarter. Barclays PLC owned 0.28% of REX American Resources worth $2,048,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Illinois Municipal Retirement Fund lifted its stake in shares of REX American Resources by 2.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 8,720 shares of the energy company's stock valued at $364,000 after buying an additional 245 shares in the last quarter. Principal Financial Group Inc. raised its holdings in shares of REX American Resources by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company's stock worth $3,640,000 after purchasing an additional 432 shares during the period. New York State Teachers Retirement System grew its stake in shares of REX American Resources by 5.4% during the 4th quarter. New York State Teachers Retirement System now owns 11,781 shares of the energy company's stock worth $491,000 after acquiring an additional 600 shares during the period. Diversified Trust Co increased its stake in shares of REX American Resources by 12.5% in the fourth quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock worth $228,000 after purchasing an additional 610 shares in the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its holdings in REX American Resources by 16.3% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,765 shares of the energy company's stock valued at $282,000 after acquiring an additional 950 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

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

REX American Resources Stock Performance

Shares of REX traded down $0.38 on Wednesday, reaching $39.34. The stock had a trading volume of 109,189 shares, compared to its average volume of 151,798. The company has a 50-day simple moving average of $38.13 and a 200-day simple moving average of $41.26. The firm has a market capitalization of $653.67 million, a price-to-earnings ratio of 10.30 and a beta of 0.51. REX American Resources Co. has a 12-month low of $33.45 and a 12-month high of $60.41.

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

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

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.