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REX American Resources (NYSE:REX) Releases Quarterly Earnings Results

REX American Resources logo with Energy background

Key Points

  • REX American Resources reported a quarterly earnings per share (EPS) of $0.43, with a return on equity of 8.97% and a net margin of 8.86%.
  • The company's stock opened at $61.60 and has seen a 52-week low of $33.45 and a high of $61.51, indicating significant fluctuations in its market performance.
  • Institutional investors own 88.12% of REX American Resources, with notable increases in stakes from firms like Jane Street Group LLC and JPMorgan Chase & Co. in recent quarters.
  • Want stock alerts on REX American Resources? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

REX American Resources (NYSE:REX - Get Free Report) announced its earnings results on Wednesday. The energy company reported $0.43 EPS for the quarter, Zacks reports. REX American Resources had a return on equity of 8.97% and a net margin of 8.86%.

REX American Resources Stock Performance

REX American Resources stock opened at $61.60 on Wednesday. The company has a 50 day moving average price of $53.22 and a 200 day moving average price of $44.71. The firm has a market capitalization of $1.01 billion, a price-to-earnings ratio of 19.13 and a beta of 0.58. REX American Resources has a 52 week low of $33.45 and a 52 week high of $61.51.

Institutional Investors Weigh In On REX American Resources

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REX. Jane Street Group LLC lifted its position in REX American Resources by 185.5% in the 2nd quarter. Jane Street Group LLC now owns 67,569 shares of the energy company's stock worth $3,291,000 after buying an additional 43,906 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its stake in REX American Resources by 74.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company's stock valued at $3,090,000 after buying an additional 35,209 shares during the last quarter. JPMorgan Chase & Co. grew its position in REX American Resources by 55.3% in the 2nd quarter. JPMorgan Chase & Co. now owns 95,608 shares of the energy company's stock worth $4,657,000 after purchasing an additional 34,030 shares during the last quarter. Bridgeway Capital Management LLC grew its position in REX American Resources by 13.0% in the 2nd quarter. Bridgeway Capital Management LLC now owns 191,690 shares of the energy company's stock worth $9,337,000 after purchasing an additional 22,123 shares during the last quarter. Finally, AQR Capital Management LLC grew its position in REX American Resources by 29.2% in the 1st quarter. AQR Capital Management LLC now owns 96,316 shares of the energy company's stock worth $3,619,000 after purchasing an additional 21,781 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Company Profile

(Get Free Report)

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.

See Also

Earnings History for REX American Resources (NYSE:REX)

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