REX American Resources Co. (NYSE:REX) Shares Bought by Empowered Funds LLC

Empowered Funds LLC grew its holdings in shares of REX American Resources Co. (NYSE:REX) by 5.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 71,921 shares of the energy company’s stock after buying an additional 3,618 shares during the quarter. Empowered Funds LLC owned 0.41% of REX American Resources worth $3,329,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Victory Capital Management Inc. boosted its stake in REX American Resources by 15.9% during the 3rd quarter. Victory Capital Management Inc. now owns 83,095 shares of the energy company’s stock valued at $3,846,000 after acquiring an additional 11,386 shares during the last quarter. GSA Capital Partners LLP raised its stake in shares of REX American Resources by 79.5% in the 3rd quarter. GSA Capital Partners LLP now owns 24,316 shares of the energy company’s stock valued at $1,126,000 after purchasing an additional 10,771 shares in the last quarter. Principal Financial Group Inc. lifted its position in shares of 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 worth $3,640,000 after purchasing an additional 432 shares during the last quarter. Wealth Enhancement Advisory Services LLC acquired a new position in REX American Resources in the third quarter worth about $228,000. Finally, Wedge Capital Management L L P NC increased its holdings in REX American Resources by 16.4% in the third quarter. Wedge Capital Management L L P NC now owns 22,194 shares of the energy company’s stock valued at $1,027,000 after buying an additional 3,129 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Wall Street Analyst Weigh In

Separately, Truist Financial reduced their target price on REX American Resources from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday, August 27th.

REX American Resources Price Performance

REX stock opened at $46.30 on Tuesday. The firm has a fifty day moving average price of $45.67 and a two-hundred day moving average price of $47.26. REX American Resources Co. has a 1-year low of $36.39 and a 1-year high of $60.78. The firm has a market cap of $813.35 million, a price-to-earnings ratio of 11.78 and a beta of 0.94.

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, topping analysts’ consensus estimates of $0.44 by $0.26. REX American Resources had a return on equity of 11.69% and a net margin of 9.64%. The business had revenue of $148.16 million for the quarter, compared to analysts’ expectations of $146.00 million. During the same period in the prior year, the firm earned $0.52 EPS. As a group, analysts expect that REX American Resources Co. will post 2.6 EPS for the current fiscal 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.