Los Angeles Capital Management LLC Has $1.52 Million Position in REX American Resources Co. (NYSE:REX)

Los Angeles Capital Management LLC lessened its position in REX American Resources Co. (NYSE:REX) by 21.6% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 32,042 shares of the energy company’s stock after selling 8,822 shares during the quarter. Los Angeles Capital Management LLC’s holdings in REX American Resources were worth $1,516,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of REX. Allspring Global Investments Holdings LLC increased its stake in REX American Resources by 84.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company’s stock valued at $36,000 after buying an additional 409 shares during the last quarter. Arizona State Retirement System bought a new stake in REX American Resources during the fourth quarter worth about $208,000. Hsbc Holdings PLC acquired a new position in REX American Resources during the third quarter valued at approximately $244,000. Tower Research Capital LLC TRC increased its position in shares of REX American Resources by 172.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,341 shares of the energy company’s stock worth $340,000 after purchasing an additional 5,280 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of REX American Resources during the 4th quarter worth approximately $359,000. Institutional investors own 88.12% of the company’s stock.

REX American Resources Trading Up 0.0 %

REX opened at $57.61 on Wednesday. The stock’s fifty day simple moving average is $51.63 and its 200 day simple moving average is $45.44. REX American Resources Co. has a 1-year low of $28.08 and a 1-year high of $60.78. The stock has a market cap of $1.01 billion, a PE ratio of 16.60 and a beta of 1.08.

REX American Resources (NYSE:REX) last announced its earnings results on Thursday, March 28th. The energy company reported $1.16 EPS for the quarter, topping the consensus estimate of $0.71 by $0.45. REX American Resources had a net margin of 7.31% and a return on equity of 11.06%. The business had revenue of $187.61 million during the quarter, compared to the consensus estimate of $170.00 million. Equities analysts forecast that REX American Resources Co. will post 1.77 earnings per share for the current year.

Wall Street Analyst Weigh In

REX has been the subject of several analyst reports. Truist Financial reissued a “buy” rating and issued a $70.00 target price (up from $58.00) on shares of REX American Resources in a research note on Friday, April 12th. StockNews.com raised shares of REX American Resources from a “hold” rating to a “buy” rating in a report on Thursday, March 7th.

Insiders Place Their Bets

In related news, insider Stuart A. Rose sold 100,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $59.42, for a total value of $5,942,000.00. Following the transaction, the insider now directly owns 1,512,305 shares in the company, valued at $89,861,163.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other REX American Resources news, insider Stuart A. Rose sold 100,000 shares of REX American Resources stock in a transaction on Wednesday, April 3rd. The stock was sold at an average price of $59.42, for a total value of $5,942,000.00. Following the completion of the transaction, the insider now directly owns 1,512,305 shares of the company’s stock, valued at approximately $89,861,163.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Douglas Bruggeman sold 2,000 shares of the stock in a transaction on Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total value of $119,200.00. Following the sale, the chief financial officer now directly owns 88,605 shares in the company, valued at $5,280,858. The disclosure for this sale can be found here. Insiders have sold 111,984 shares of company stock worth $6,643,493 in the last 90 days. Company insiders own 11.68% of the company’s stock.

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.