REX American Resources Co. (NYSE:REX) Shares Sold by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP cut its holdings in shares of REX American Resources Co. (NYSE:REX - Free Report) by 2.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 1,294,992 shares of the energy company's stock after selling 39,036 shares during the period. Dimensional Fund Advisors LP owned about 7.37% of REX American Resources worth $53,988,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Barclays PLC lifted its position in shares of REX American Resources by 87.3% in the 3rd quarter. Barclays PLC now owns 42,855 shares of the energy company's stock worth $1,983,000 after purchasing an additional 19,977 shares during the period. Principal Financial Group Inc. grew its holdings in REX American Resources by 0.6% during the third quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company's stock valued at $3,640,000 after purchasing an additional 432 shares during the period. Diversified Trust Co boosted its holdings in REX American Resources by 12.5% in the 4th quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock worth $228,000 after buying an additional 610 shares during the period. Wedge Capital Management L L P NC increased its holdings in REX American Resources by 12.6% during the 4th quarter. Wedge Capital Management L L P NC now owns 24,997 shares of the energy company's stock worth $1,042,000 after acquiring an additional 2,803 shares during the period. Finally, Ballentine Partners LLC bought a new stake in REX American Resources during the fourth quarter valued at approximately $232,000. Institutional investors own 88.12% of the company's stock.

REX American Resources Trading Down 0.5 %

REX stock traded down $0.22 on Monday, hitting $40.36. The company had a trading volume of 74,250 shares, compared to its average volume of 152,812. REX American Resources Co. has a 12-month low of $33.45 and a 12-month high of $60.41. The stock has a market cap of $670.65 million, a price-to-earnings ratio of 10.57 and a beta of 0.51. The stock's 50-day simple moving average is $38.10 and its 200 day simple moving average is $41.28.

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, topping analysts' consensus estimates of $0.27 by $0.36. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The business had revenue of $158.23 million during the quarter, compared to analyst estimates of $163.00 million. During the same period in the prior year, the business posted $1.16 earnings per share. Research analysts forecast 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 repurchase program on Wednesday, March 26th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the energy company to purchase shares of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

Separately, Truist Financial restated a "buy" rating and issued 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 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.