REX American Resources (NYSE:REX) Given New $55.00 Price Target at Truist Financial

REX American Resources (NYSE:REX) had its target price reduced by Truist Financial from $60.00 to $55.00 in a research note issued to investors on Monday morning,Benzinga reports. They currently have a buy rating on the energy company’s stock.

REX American Resources Stock Performance

REX stock opened at $40.94 on Monday. The firm has a market cap of $719.32 million, a PE ratio of 10.72 and a beta of 0.90. The firm’s fifty day moving average is $45.13 and its 200 day moving average is $45.76. REX American Resources has a one year low of $39.39 and a one year high of $60.78.

REX American Resources (NYSE:REX) last posted its earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.72 by $0.66. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same quarter last year, the company posted $1.49 EPS. Research analysts predict that REX American Resources will post 2.6 earnings per share for the current fiscal year.

Institutional Investors Weigh In On REX American Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. CWM LLC lifted its holdings in REX American Resources by 1,944.1% during the second quarter. CWM LLC now owns 1,206 shares of the energy company’s stock valued at $55,000 after purchasing an additional 1,147 shares in the last quarter. FMR LLC lifted its stake in REX American Resources by 34.8% in the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company’s stock valued at $109,000 after buying an additional 605 shares in the last quarter. SG Americas Securities LLC boosted its holdings in REX American Resources by 95.5% in the 2nd quarter. SG Americas Securities LLC now owns 4,641 shares of the energy company’s stock worth $212,000 after buying an additional 2,267 shares during the last quarter. Intech Investment Management LLC purchased a new stake in REX American Resources during the 3rd quarter worth approximately $213,000. Finally, Diversified Trust Co raised its holdings in shares of REX American Resources by 10.5% during the second quarter. Diversified Trust Co now owns 4,854 shares of the energy company’s stock valued at $221,000 after acquiring an additional 460 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

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.