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

Systematic Financial Management LP grew its stake in REX American Resources Co. (NYSE:REX - Free Report) by 3.5% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 717,303 shares of the energy company's stock after acquiring an additional 24,377 shares during the quarter. Systematic Financial Management LP owned about 4.08% of REX American Resources worth $29,904,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in REX. AlphaQuest LLC purchased a new position in REX American Resources in the fourth quarter valued at about $46,000. Ballentine Partners LLC bought a new stake in shares of REX American Resources in the 4th quarter valued at about $232,000. SG Americas Securities LLC boosted its holdings 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 valued at $237,000 after buying an additional 1,506 shares in the last quarter. First Trust Advisors LP purchased a new position in shares of REX American Resources in the 4th quarter worth approximately $244,000. Finally, Ieq Capital LLC bought a new position in shares of REX American Resources during the 4th quarter worth approximately $257,000. 88.12% of the stock is owned by institutional investors.

REX American Resources Stock Performance

REX stock traded down $0.09 on Thursday, hitting $41.92. 25,085 shares of the company's stock were exchanged, compared to its average volume of 146,073. The firm has a 50 day moving average price of $39.22 and a two-hundred day moving average price of $41.06. REX American Resources Co. has a 12-month low of $33.45 and a 12-month high of $59.91. The stock has a market cap of $696.46 million, a P/E ratio of 10.95 and a beta of 0.51.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings data on Wednesday, March 26th. The energy company reported $0.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.27 by $0.36. The firm had revenue of $158.23 million for the quarter, compared to the consensus estimate 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 in the prior year, the company posted $1.16 earnings per share. Sell-side analysts expect that REX American Resources Co. will post 2.93 earnings per share for the current fiscal year.

REX American Resources declared that its board has initiated a share buyback program on Wednesday, March 26th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the energy company to buy shares of its stock through open market purchases. Shares repurchase programs are usually an indication that the company's management believes its stock is undervalued.

Analyst Upgrades and Downgrades

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