Systematic Financial Management LP Boosts Stock Holdings in REX American Resources Co. (NYSE:REX)

Systematic Financial Management LP increased its holdings in REX American Resources Co. (NYSE:REX - Free Report) by 3.5% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 717,303 shares of the energy company's stock after buying an additional 24,377 shares during the period. Systematic Financial Management LP owned 4.08% of REX American Resources worth $29,904,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently made changes to their positions in the company. AlphaQuest LLC bought a new stake in REX American Resources during the 4th quarter valued at approximately $46,000. Ballentine Partners LLC purchased a new stake in REX American Resources during the 4th quarter valued at $232,000. SG Americas Securities LLC increased its stake in shares of REX American Resources by 36.1% in the 4th quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company's stock worth $237,000 after purchasing an additional 1,506 shares in the last quarter. First Trust Advisors LP purchased a new stake in REX American Resources in the 4th quarter worth $244,000. Finally, Ieq Capital LLC bought a new position in shares of REX American Resources during the 4th quarter valued at about $257,000. Hedge funds and other institutional investors own 88.12% of the company's stock.

Analyst Ratings Changes

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

REX American Resources Price Performance

NYSE:REX opened at $42.68 on Friday. The company's 50-day moving average is $38.85 and its two-hundred day moving average is $41.11. REX American Resources Co. has a 1-year low of $33.45 and a 1-year high of $59.91. The firm has a market capitalization of $709.24 million, a price-to-earnings ratio of 11.17 and a beta of 0.51.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings data on Wednesday, March 26th. The energy company reported $0.63 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $158.23 million for the quarter, compared to the consensus estimate of $163.00 million. During the same period last year, the firm posted $1.16 EPS. As a group, equities analysts anticipate that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources announced that its board has authorized a stock 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 typically an indication that the company's board of directors believes its shares are undervalued.

REX American Resources Company 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.

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