Royce & Associates LP Purchases 2,193 Shares of REX American Resources Co. (NYSE:REX)

Royce & Associates LP grew its holdings in REX American Resources Co. (NYSE:REX) by 6.6% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 35,551 shares of the energy company’s stock after purchasing an additional 2,193 shares during the period. Royce & Associates LP’s holdings in REX American Resources were worth $1,482,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Barclays PLC increased its stake in REX American Resources by 87.3% in the 3rd quarter. Barclays PLC now owns 42,855 shares of the energy company’s stock valued at $1,983,000 after buying an additional 19,977 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of REX American Resources by 0.6% in the third quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company’s stock valued at $3,640,000 after acquiring an additional 432 shares during the last quarter. Proficio Capital Partners LLC bought a new stake in REX American Resources during the fourth quarter worth about $890,000. Victory Capital Management Inc. boosted its position in REX American Resources by 15.9% during the third quarter. Victory Capital Management Inc. now owns 83,095 shares of the energy company’s stock valued at $3,846,000 after purchasing an additional 11,386 shares during the last quarter. Finally, HighTower Advisors LLC bought a new position in REX American Resources in the third quarter valued at approximately $246,000. 88.12% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Separately, Truist Financial dropped their price objective on REX American Resources from $60.00 to $55.00 and set a “buy” rating on the stock in a research note on Monday, December 9th.

REX American Resources Price Performance

Shares of REX opened at $36.66 on Friday. The firm has a 50-day moving average of $40.27 and a 200-day moving average of $42.79. The company has a market cap of $643.97 million, a PE ratio of 9.60 and a beta of 0.92. REX American Resources Co. has a one year low of $35.40 and a one year high of $60.79.

REX American Resources Company 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.