REX American Resources Corporation $REX Shares Bought by Vanguard Group Inc.

Vanguard Group Inc. raised its holdings in REX American Resources Corporation (NYSE:REX) by 3.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 2,529,944 shares of the energy company’s stock after purchasing an additional 93,312 shares during the quarter. Vanguard Group Inc. owned about 7.68% of REX American Resources worth $81,768,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Principal Financial Group Inc. increased its stake in REX American Resources by 112.9% in the third quarter. Principal Financial Group Inc. now owns 154,397 shares of the energy company’s stock valued at $4,728,000 after purchasing an additional 81,869 shares during the period. JPMorgan Chase & Co. increased its stake in REX American Resources by 80.5% in the third quarter. JPMorgan Chase & Co. now owns 172,612 shares of the energy company’s stock valued at $5,285,000 after purchasing an additional 77,004 shares during the period. American Century Companies Inc. increased its stake in REX American Resources by 88.0% in the third quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock valued at $25,305,000 after purchasing an additional 386,947 shares during the period. Tudor Investment Corp ET AL acquired a new position in REX American Resources in the third quarter valued at $2,341,000. Finally, South Dakota Investment Council increased its stake in REX American Resources by 36.4% in the third quarter. South Dakota Investment Council now owns 151,205 shares of the energy company’s stock valued at $4,630,000 after purchasing an additional 40,351 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Weiss Ratings lowered shares of REX American Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Monday, May 4th. One research analyst has rated the stock with a Hold rating, According to MarketBeat, the company currently has a consensus rating of “Hold”.

Insider Activity

In other news, CFO Douglas Bruggeman sold 2,000 shares of the business’s stock in a transaction dated Thursday, April 2nd. The shares were sold at an average price of $45.44, for a total transaction of $90,880.00. Following the transaction, the chief financial officer directly owned 259,170 shares in the company, valued at $11,776,684.80. The trade was a 0.77% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 13.21% of the stock is currently owned by company insiders.

REX American Resources Stock Down 1.7%

Shares of REX American Resources stock opened at $48.49 on Thursday. REX American Resources Corporation has a 52-week low of $19.44 and a 52-week high of $53.36. The company’s 50-day simple moving average is $43.79 and its 200-day simple moving average is $37.05. The firm has a market cap of $1.60 billion, a price-to-earnings ratio of 19.40 and a beta of 0.63.

REX American Resources (NYSE:REX) last issued its quarterly earnings results on Thursday, March 26th. The energy company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $1.18. REX American Resources had a net margin of 12.75% and a return on equity of 12.72%. The business had revenue of $157.96 million for the quarter, compared to analyst estimates of $162.00 million.

About REX American Resources

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.