SG Americas Securities LLC Purchases 1,506 Shares of REX American Resources Co. (NYSE:REX)

SG Americas Securities LLC lifted its position in shares of REX American Resources Co. (NYSE:REX) by 36.1% in the fourth quarter, HoldingsChannel reports. The fund owned 5,682 shares of the energy company’s stock after buying an additional 1,506 shares during the period. SG Americas Securities LLC’s holdings in REX American Resources were worth $237,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. FMR LLC grew its position in shares of 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 purchasing an additional 605 shares during the period. CWM LLC lifted its stake in REX American Resources by 167.2% in the 3rd quarter. CWM LLC now owns 3,222 shares of the energy company’s stock valued at $149,000 after purchasing an additional 2,016 shares during the last quarter. Intech Investment Management LLC acquired a new position in shares of REX American Resources during the 3rd quarter worth approximately $213,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of REX American Resources during the 3rd quarter worth about $228,000. Finally, Diversified Trust Co boosted its holdings in shares of REX American Resources by 12.5% during the fourth quarter. Diversified Trust Co now owns 5,471 shares of the energy company’s stock worth $228,000 after acquiring an additional 610 shares during the period. 88.12% of the stock is owned by institutional investors.

Analyst Ratings Changes

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 Price Performance

Shares of REX American Resources stock opened at $42.13 on Friday. REX American Resources Co. has a fifty-two week low of $39.02 and a fifty-two week high of $60.78. The firm has a market capitalization of $740.06 million, a P/E ratio of 11.03 and a beta of 0.91. The company’s 50 day moving average price is $41.80 and its two-hundred day moving average price is $44.28.

REX American Resources (NYSE:REX) last announced 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 return on equity of 11.05% and a net margin of 10.07%. During the same quarter last year, the company posted $1.49 earnings per share. On average, analysts expect that REX American Resources Co. will post 2.93 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.