Cwm LLC Increases Stock Holdings in REX American Resources Co. (NYSE:REX)

Cwm LLC grew its holdings in shares of REX American Resources Co. (NYSE:REX) by 167.2% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 3,222 shares of the energy company’s stock after purchasing an additional 2,016 shares during the quarter. Cwm LLC’s holdings in REX American Resources were worth $149,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in the business. American Century Companies Inc. increased its holdings in REX American Resources by 148.8% during the second quarter. American Century Companies Inc. now owns 268,660 shares of the energy company’s stock valued at $12,248,000 after buying an additional 160,685 shares during the last quarter. AQR Capital Management LLC grew its position in shares of REX American Resources by 440.6% during the 2nd quarter. AQR Capital Management LLC now owns 86,140 shares of the energy company’s stock valued at $3,927,000 after acquiring an additional 70,207 shares during the period. Vanguard Group Inc. increased its stake in shares of 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 in the last quarter. Victory Capital Management Inc. raised its holdings 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. Finally, Millennium Management LLC lifted its position in REX American Resources by 61.4% during the second quarter. Millennium Management LLC now owns 102,893 shares of the energy company’s stock valued at $4,691,000 after purchasing an additional 39,126 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

REX American Resources Trading Up 2.3 %

NYSE REX opened at $45.19 on Friday. REX American Resources Co. has a 12 month low of $35.73 and a 12 month high of $60.78. The stock has a market cap of $790.92 million, a price-to-earnings ratio of 12.05 and a beta of 0.93. The company’s 50 day moving average is $45.20 and its two-hundred day moving average is $48.57.

REX American Resources (NYSE:REX) last announced its quarterly earnings data 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. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. The firm had revenue of $148.16 million during the quarter, compared to analysts’ expectations of $146.00 million. During the same period in the prior year, the company posted $0.52 earnings per share. Sell-side analysts forecast that REX American Resources Co. will post 2.6 EPS for the current year.

Analyst Ratings Changes

Separately, Truist Financial reduced their price target on REX American Resources from $65.00 to $60.00 and set a “buy” rating for the company in a research report on Tuesday, August 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.