New York State Teachers Retirement System Purchases 1,161 Shares of REX American Resources Co. (NYSE:REX)

New York State Teachers Retirement System raised its position in shares of REX American Resources Co. (NYSE:REX) by 18.0% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 7,615 shares of the energy company’s stock after purchasing an additional 1,161 shares during the quarter. New York State Teachers Retirement System’s holdings in REX American Resources were worth $360,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of REX. HighTower Advisors LLC bought a new stake in REX American Resources during the 1st quarter valued at about $267,000. Citigroup Inc. increased its stake in REX American Resources by 47.0% during the 1st quarter. Citigroup Inc. now owns 6,957 shares of the energy company’s stock valued at $693,000 after purchasing an additional 2,224 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund bought a new stake in REX American Resources during the 1st quarter valued at about $1,135,000. MetLife Investment Management LLC increased its stake in REX American Resources by 55.7% during the 1st quarter. MetLife Investment Management LLC now owns 2,727 shares of the energy company’s stock valued at $272,000 after purchasing an additional 975 shares in the last quarter. Finally, Panagora Asset Management Inc. increased its stake in REX American Resources by 193.8% during the 1st quarter. Panagora Asset Management Inc. now owns 12,468 shares of the energy company’s stock valued at $1,242,000 after purchasing an additional 8,224 shares in the last quarter. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Stock Down 3.2 %

Shares of REX stock opened at $55.30 on Friday. The company has a 50 day moving average price of $48.23 and a 200-day moving average price of $43.67. REX American Resources Co. has a 52 week low of $27.47 and a 52 week high of $60.78. The firm has a market capitalization of $967.75 million, a PE ratio of 15.94 and a beta of 1.07.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. StockNews.com upgraded shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Thursday, March 7th. Truist Financial reiterated a “buy” rating and issued a $70.00 price target (up from $58.00) on shares of REX American Resources in a research note on Friday, April 12th.

Insider Buying and Selling

In related news, insider Stuart A. Rose sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 owns 1,512,305 shares of the company’s stock, valued at $89,861,163.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In related news, insider Stuart A. Rose sold 100,000 shares of the firm’s stock in a transaction that occurred on 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 owns 1,512,305 shares of the company’s stock, valued at $89,861,163.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Stuart A. Rose sold 5,041 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $58.08, for a total transaction of $292,781.28. Following the completion of the transaction, the insider now directly owns 1,492,305 shares in the company, valued at approximately $86,673,074.40. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 111,984 shares of company stock valued at $6,643,493. 12.20% of the stock is owned by insiders.

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, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.