Ballentine Partners LLC Makes New $232,000 Investment in REX American Resources Co. (NYSE:REX)

Ballentine Partners LLC purchased a new stake in REX American Resources Co. (NYSE:REX) during the fourth quarter, Holdings Channel reports. The firm purchased 5,557 shares of the energy company’s stock, valued at approximately $232,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Barclays PLC boosted its stake in REX American Resources by 87.3% in the third quarter. Barclays PLC now owns 42,855 shares of the energy company’s stock valued at $1,983,000 after acquiring an additional 19,977 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in shares of REX American Resources by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company’s stock valued at $3,640,000 after purchasing an additional 432 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of REX American Resources by 15.9% in the 3rd quarter. Victory Capital Management Inc. now owns 83,095 shares of the energy company’s stock worth $3,846,000 after purchasing an additional 11,386 shares in the last quarter. HighTower Advisors LLC purchased a new position in REX American Resources during the 3rd quarter worth $246,000. Finally, FMR LLC increased its position in REX American Resources by 34.8% during 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. Hedge funds and other institutional investors own 88.12% of the company’s stock.

REX American Resources Trading Down 0.3 %

NYSE:REX opened at $41.06 on Friday. The company has a market capitalization of $721.41 million, a P/E ratio of 10.75 and a beta of 0.92. REX American Resources Co. has a 12 month low of $39.02 and a 12 month high of $60.78. The firm has a fifty day simple moving average of $42.27 and a 200-day simple moving average of $44.56.

REX American Resources (NYSE:REX) last posted its quarterly earnings results on Tuesday, December 3rd. The energy company reported $1.38 earnings per share for the quarter, beating the consensus estimate of $0.72 by $0.66. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same quarter in the prior year, the firm posted $1.49 EPS. Equities analysts forecast that REX American Resources Co. will post 2.93 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Truist Financial dropped their price target 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.

About REX American Resources

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.