5,373 Shares in REX American Resources Co. (NYSE:REX) Bought by HighTower Advisors LLC

HighTower Advisors LLC purchased a new stake in shares of REX American Resources Co. (NYSE:REX) in the 3rd quarter, Holdings Channel reports. The institutional investor purchased 5,373 shares of the energy company’s stock, valued at approximately $246,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. The Manufacturers Life Insurance Company increased its holdings in REX American Resources by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,134 shares of the energy company’s stock worth $280,000 after acquiring an additional 231 shares in the last quarter. Principal Financial Group Inc. lifted its holdings in REX American Resources by 0.6% during the third 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 in the last quarter. FMR LLC boosted its position in shares of REX American Resources by 34.8% in the third quarter. FMR LLC now owns 2,345 shares of the energy company’s stock worth $109,000 after purchasing an additional 605 shares during the period. Hsbc Holdings PLC increased its stake in shares of REX American Resources by 8.1% in the second quarter. Hsbc Holdings PLC now owns 9,465 shares of the energy company’s stock worth $429,000 after purchasing an additional 707 shares in the last quarter. Finally, BNP Paribas Financial Markets raised its position in shares of REX American Resources by 9.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,353 shares of the energy company’s stock valued at $479,000 after purchasing an additional 904 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

REX American Resources Stock Performance

NYSE:REX opened at $41.39 on Wednesday. The stock’s fifty day moving average is $44.05 and its 200 day moving average is $45.01. The firm has a market capitalization of $727.10 million, a PE ratio of 10.84 and a beta of 0.90. REX American Resources Co. has a fifty-two week low of $39.02 and a fifty-two week high of $60.78.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Tuesday, December 3rd. The energy company reported $1.38 EPS 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 period in the prior year, the firm posted $1.49 EPS. Equities analysts forecast that REX American Resources Co. will post 3.03 EPS for the current year.

Analyst Upgrades and Downgrades

Separately, Truist Financial cut their target price on REX American Resources from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, December 9th.

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, 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.