Intech Investment Management LLC Lowers Position in REX American Resources Corporation $REX

Intech Investment Management LLC decreased its position in shares of REX American Resources Corporation (NYSE:REX) by 13.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,068 shares of the energy company’s stock after selling 2,232 shares during the quarter. Intech Investment Management LLC owned 0.09% of REX American Resources worth $685,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Nuveen LLC purchased a new stake in REX American Resources during the first quarter worth $5,824,000. South Dakota Investment Council raised its position in shares of REX American Resources by 1,879.5% in the second quarter. South Dakota Investment Council now owns 110,854 shares of the energy company’s stock worth $5,400,000 after acquiring an additional 105,254 shares during the period. American Century Companies Inc. boosted its stake in shares of REX American Resources by 9.7% during the 1st quarter. American Century Companies Inc. now owns 462,314 shares of the energy company’s stock worth $17,369,000 after acquiring an additional 40,693 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its position in shares of REX American Resources by 74.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 82,244 shares of the energy company’s stock valued at $3,090,000 after acquiring an additional 35,209 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in shares of REX American Resources by 22.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 184,692 shares of the energy company’s stock valued at $6,939,000 after acquiring an additional 33,661 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Trading Up 0.8%

Shares of REX American Resources stock opened at $32.96 on Friday. REX American Resources Corporation has a twelve month low of $16.73 and a twelve month high of $33.97. The firm has a market capitalization of $1.09 billion, a PE ratio of 22.35 and a beta of 0.72. The firm’s 50-day moving average price is $31.84 and its 200 day moving average price is $27.99.

REX American Resources (NYSE:REX) last announced its earnings results on Wednesday, August 27th. The energy company reported $0.22 EPS for the quarter, beating analysts’ consensus estimates of $0.19 by $0.03. The business had revenue of $158.56 million during the quarter, compared to analysts’ expectations of $165.00 million. REX American Resources had a return on equity of 8.09% and a net margin of 7.91%. On average, sell-side analysts predict that REX American Resources Corporation will post 2.93 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Weiss Ratings reiterated a “hold (c+)” rating on shares of REX American Resources in a research report on Wednesday, October 8th. One research analyst has rated the stock with a Buy rating and one has assigned a Hold rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $25.00.

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.