US Bancorp DE Lowers Stake in REX American Resources Co. (NYSE:REX)

US Bancorp DE lowered its stake in shares of REX American Resources Co. (NYSE:REX) by 38.6% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 947 shares of the energy company’s stock after selling 595 shares during the quarter. US Bancorp DE’s holdings in REX American Resources were worth $44,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in REX. State Board of Administration of Florida Retirement System raised its position in REX American Resources by 146.2% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 17,874 shares of the energy company’s stock worth $1,049,000 after purchasing an additional 10,613 shares during the period. Vanguard Group Inc. raised its position in REX American Resources by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company’s stock worth $70,535,000 after purchasing an additional 68,211 shares during the period. Victory Capital Management Inc. raised its position in REX American Resources by 532.2% in the 2nd quarter. Victory Capital Management Inc. now owns 71,709 shares of the energy company’s stock worth $3,269,000 after purchasing an additional 60,367 shares during the period. Millennium Management LLC raised its position in REX American Resources by 61.4% in the 2nd quarter. Millennium Management LLC now owns 102,893 shares of the energy company’s stock worth $4,691,000 after purchasing an additional 39,126 shares during the period. Finally, Allspring Global Investments Holdings LLC raised its position in REX American Resources by 163.0% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company’s stock worth $150,000 after purchasing an additional 1,583 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, Truist Financial decreased their target price on shares of REX American Resources from $65.00 to $60.00 and set a “buy” rating on the stock in a research report on Tuesday, August 27th.

REX American Resources Stock Up 0.5 %

Shares of REX American Resources stock opened at $46.39 on Monday. The firm has a market cap of $814.93 million, a PE ratio of 11.80 and a beta of 0.94. REX American Resources Co. has a 12-month low of $35.73 and a 12-month high of $60.78. The company’s fifty day simple moving average is $45.59 and its two-hundred day simple moving average is $47.33.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Tuesday, August 27th. The energy company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. The business had revenue of $148.16 million for the quarter, compared to analyst estimates of $146.00 million. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. During the same quarter last year, the firm earned $0.52 EPS. As a group, sell-side analysts expect that REX American Resources Co. will post 2.6 earnings per share for the current fiscal year.

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.