State Street Corp Purchases 1,349 Shares of REX American Resources Co. (NYSE:REX)

State Street Corp boosted its holdings in shares of REX American Resources Co. (NYSE:REX) by 0.1% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 901,780 shares of the energy company’s stock after acquiring an additional 1,349 shares during the period. State Street Corp owned approximately 0.05% of REX American Resources worth $41,743,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Victory Capital Management Inc. increased its position in shares of 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 worth $3,846,000 after acquiring an additional 11,386 shares in the last quarter. Principal Financial Group Inc. boosted its stake in REX American Resources by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company’s stock worth $3,640,000 after purchasing an additional 432 shares during the period. Millennium Management LLC increased its holdings in REX American Resources by 61.4% during the 2nd 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 in the last quarter. Hotchkis & Wiley Capital Management LLC lifted its holdings in shares of REX American Resources by 254.8% in the third quarter. Hotchkis & Wiley Capital Management LLC now owns 240,597 shares of the energy company’s stock valued at $11,137,000 after purchasing an additional 172,780 shares in the last quarter. Finally, Exchange Traded Concepts LLC bought a new stake in shares of REX American Resources in the third quarter valued at about $1,062,000. 88.12% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

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

REX American Resources Price Performance

REX American Resources stock opened at $40.05 on Friday. The firm has a 50-day moving average of $44.34 and a 200-day moving average of $45.18. The company has a market cap of $703.56 million, a price-to-earnings ratio of 10.48 and a beta of 0.90. REX American Resources Co. has a one year low of $39.02 and a one year 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 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 previous year, the company posted $1.49 EPS. As a group, sell-side analysts expect that REX American Resources Co. will post 3.03 earnings per share for the current year.

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.