Trexquant Investment LP Increases Stock Holdings in REX American Resources Co. (NYSE:REX)

Trexquant Investment LP grew its holdings in REX American Resources Co. (NYSE:REX - Free Report) by 177.4% in the fourth quarter, according to its most recent disclosure with the SEC. The fund owned 71,037 shares of the energy company's stock after buying an additional 45,425 shares during the period. Trexquant Investment LP owned 0.40% of REX American Resources worth $2,962,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. AlphaQuest LLC acquired a new position in REX American Resources in the 4th quarter valued at about $46,000. FMR LLC increased its holdings in shares of REX American Resources by 34.8% in the third quarter. FMR LLC now owns 2,345 shares of the energy company's stock valued at $109,000 after purchasing an additional 605 shares during the period. Diversified Trust Co increased its holdings in shares of REX American Resources by 12.5% in the fourth quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock valued at $228,000 after purchasing an additional 610 shares during the period. Ballentine Partners LLC purchased a new stake in shares of REX American Resources during the fourth quarter worth approximately $232,000. Finally, SG Americas Securities LLC lifted its holdings in shares of REX American Resources by 36.1% during the fourth 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 during the period. Institutional investors and hedge funds own 88.12% of the company's stock.

REX American Resources Stock Performance

NYSE:REX traded up $1.77 during mid-day trading on Friday, reaching $39.40. The stock had a trading volume of 170,260 shares, compared to its average volume of 156,178. REX American Resources Co. has a twelve month low of $33.45 and a twelve month high of $60.41. The business has a 50 day simple moving average of $38.63 and a 200 day simple moving average of $41.93. The firm has a market capitalization of $670.28 million, a price-to-earnings ratio of 10.31 and a beta of 0.69.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings results on Wednesday, March 26th. The energy company reported $0.63 EPS 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 business had revenue of $158.23 million during the quarter, compared to analysts' expectations of $163.00 million. During the same period last year, the firm earned $1.16 EPS. As a group, sell-side analysts expect that REX American Resources Co. will post 2.93 earnings per share for the current year.

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

Analyst Ratings Changes

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

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.