REX American Resources Co. (NYSE:REX) Shares Sold by Russell Investments Group Ltd.

Russell Investments Group Ltd. lowered its position in shares of REX American Resources Co. (NYSE:REX - Free Report) by 23.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 40,535 shares of the energy company's stock after selling 12,633 shares during the quarter. Russell Investments Group Ltd. owned approximately 0.23% of REX American Resources worth $1,690,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the company. Wells Fargo & Company MN boosted its holdings in shares of REX American Resources by 26.9% in the 4th quarter. Wells Fargo & Company MN now owns 8,955 shares of the energy company's stock valued at $373,000 after purchasing an additional 1,897 shares during the last quarter. Trexquant Investment LP boosted its holdings in shares of REX American Resources by 177.4% in the 4th quarter. Trexquant Investment LP now owns 71,037 shares of the energy company's stock valued at $2,962,000 after purchasing an additional 45,425 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of REX American Resources by 0.8% in the 4th quarter. Geode Capital Management LLC now owns 368,638 shares of the energy company's stock valued at $15,372,000 after purchasing an additional 2,858 shares during the last quarter. Brandywine Global Investment Management LLC boosted its holdings in shares of REX American Resources by 382.0% in the 4th quarter. Brandywine Global Investment Management LLC now owns 59,530 shares of the energy company's stock valued at $2,482,000 after purchasing an additional 47,180 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of REX American Resources by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 123,419 shares of the energy company's stock valued at $5,145,000 after purchasing an additional 19,686 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company's stock.

REX American Resources Stock Up 0.9 %

Shares of REX stock traded up $0.38 during mid-day trading on Thursday, reaching $40.45. The company's stock had a trading volume of 12,154 shares, compared to its average volume of 155,210. The company's 50 day simple moving average is $38.29 and its 200-day simple moving average is $41.64. REX American Resources Co. has a 12-month low of $33.45 and a 12-month high of $60.41. The firm has a market capitalization of $688.11 million, a PE ratio of 10.58 and a beta of 0.69.

REX American Resources (NYSE:REX - Get Free Report) last announced its earnings results on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.36. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. The company had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. During the same period last year, the firm earned $1.16 earnings per share. As a group, research analysts anticipate 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 authorized a share repurchase plan on Wednesday, March 26th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the energy company to reacquire shares of its stock through open market purchases. Stock buyback plans are often an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

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

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.