REX American Resources Co. (NYSE:REX) Stake Cut by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP trimmed its holdings in REX American Resources Co. (NYSE:REX - Free Report) by 2.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 1,294,992 shares of the energy company's stock after selling 39,036 shares during the quarter. Dimensional Fund Advisors LP owned about 7.37% of REX American Resources worth $53,988,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in REX. AlphaQuest LLC purchased a new position in REX American Resources during the 4th quarter worth approximately $46,000. Diversified Trust Co boosted its holdings in REX American Resources by 12.5% during the fourth quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock worth $228,000 after buying an additional 610 shares in the last quarter. Ballentine Partners LLC acquired a new position in REX American Resources during the fourth quarter worth about $232,000. SG Americas Securities LLC increased its holdings in REX American Resources by 36.1% in the fourth quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company's stock valued at $237,000 after buying an additional 1,506 shares in the last quarter. Finally, Ieq Capital LLC acquired a new stake in shares of REX American Resources during the 4th quarter valued at approximately $257,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

REX American Resources Trading Up 0.7 %

Shares of NYSE REX traded up $0.28 on Thursday, reaching $39.60. 14,850 shares of the company traded hands, compared to its average volume of 151,258. The stock has a market capitalization of $657.99 million, a PE ratio of 10.37 and a beta of 0.51. REX American Resources Co. has a fifty-two week low of $33.45 and a fifty-two week high of $60.41. The company has a 50 day moving average of $38.13 and a 200 day moving average of $41.26.

REX American Resources (NYSE:REX - Get Free Report) last announced 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 analyst estimates 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 quarter last year, the business earned $1.16 EPS. As a group, research analysts expect that REX American Resources Co. will post 2.93 earnings per share for the current year.

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