REX American Resources Co. (NYSE:REX) Stock Holdings Boosted by Wedge Capital Management L L P NC

Wedge Capital Management L L P NC lifted its position in shares of REX American Resources Co. (NYSE:REX) by 8.8% in the 4th quarter, Holdings Channel reports. The fund owned 10,537 shares of the energy company’s stock after buying an additional 850 shares during the period. Wedge Capital Management L L P NC’s holdings in REX American Resources were worth $498,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC grew its position 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 in the last quarter. Denali Advisors LLC bought a new position in REX American Resources in the 3rd quarter valued at about $118,000. Arizona State Retirement System bought a new position in REX American Resources in the 4th quarter valued at about $208,000. Hsbc Holdings PLC bought a new position in REX American Resources in the 3rd quarter valued at about $244,000. Finally, Tower Research Capital LLC TRC grew its position in REX American Resources by 172.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 8,341 shares of the energy company’s stock valued at $340,000 after buying an additional 5,280 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

REX American Resources Trading Up 1.5 %

NYSE:REX opened at $57.04 on Friday. REX American Resources Co. has a twelve month low of $27.47 and a twelve month high of $60.78. The company has a 50-day moving average of $49.51 and a 200-day moving average of $44.28. The firm has a market cap of $998.20 million, a price-to-earnings ratio of 16.44 and a beta of 1.07.

REX American Resources (NYSE:REX) last posted its quarterly earnings data on Thursday, March 28th. The energy company reported $1.16 earnings per share for the quarter, beating 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 company had revenue of $187.61 million during the quarter, compared to analyst estimates of $170.00 million. On average, research analysts forecast that REX American Resources Co. will post 1.77 earnings per share for the current year.

Insider Activity

In other news, insider Stuart A. Rose sold 100,000 shares of the firm’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $59.42, for a total transaction of $5,942,000.00. Following the completion of the transaction, the insider now owns 1,512,305 shares in the company, valued at approximately $89,861,163.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other REX American Resources 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 transaction of $5,942,000.00. Following the completion of the sale, the insider now directly 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 Securities & Exchange Commission, which is available through this link. Also, CFO Douglas Bruggeman sold 2,000 shares of the company’s stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total transaction of $119,200.00. Following the sale, the chief financial officer now directly owns 88,605 shares of the company’s stock, valued at $5,280,858. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,984 shares of company stock worth $6,643,493. Corporate insiders own 12.20% of the company’s stock.

Wall Street Analyst Weigh In

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

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.