Louisiana State Employees Retirement System Trims Holdings in REX American Resources Co. (NYSE:REX)

Louisiana State Employees Retirement System trimmed its position in REX American Resources Co. (NYSE:REX) by 3.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 7,400 shares of the energy company’s stock after selling 300 shares during the quarter. Louisiana State Employees Retirement System’s holdings in REX American Resources were worth $343,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. raised its stake in shares of REX American Resources by 6.0% in the first quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company’s stock worth $70,535,000 after purchasing an additional 68,211 shares during the last quarter. American Century Companies Inc. raised its stake in shares of REX American Resources by 148.8% in the second quarter. American Century Companies Inc. now owns 268,660 shares of the energy company’s stock worth $12,248,000 after purchasing an additional 160,685 shares during the last quarter. Panagora Asset Management Inc. raised its stake in shares of REX American Resources by 10.7% in the second quarter. Panagora Asset Management Inc. now owns 115,279 shares of the energy company’s stock worth $5,256,000 after purchasing an additional 11,188 shares during the last quarter. Millennium Management LLC raised its stake in shares of REX American Resources by 61.4% in the second quarter. Millennium Management LLC now owns 102,893 shares of the energy company’s stock worth $4,691,000 after purchasing an additional 39,126 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in shares of REX American Resources by 440.6% in the second quarter. AQR Capital Management LLC now owns 86,140 shares of the energy company’s stock worth $3,927,000 after purchasing an additional 70,207 shares during the last quarter. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Trading Up 5.8 %

Shares of REX stock opened at $48.96 on Thursday. The stock has a 50 day moving average of $45.08 and a 200 day moving average of $47.82. The stock has a market cap of $860.08 million, a P/E ratio of 12.46 and a beta of 0.94. REX American Resources Co. has a twelve month low of $35.73 and a twelve month high of $60.78.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Tuesday, August 27th. The energy company reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.26. The company had revenue of $148.16 million during the quarter, compared to analysts’ expectations of $146.00 million. REX American Resources had a return on equity of 11.69% and a net margin of 9.64%. During the same period last year, the business earned $0.52 earnings per share. On average, research analysts predict that REX American Resources Co. will post 2.6 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Truist Financial reduced their price objective on REX American Resources from $65.00 to $60.00 and set a “buy” rating for the company in a research note on Tuesday, August 27th.

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.