Teacher Retirement System of Texas Has $1.83 Million Stock Holdings in REX American Resources Co. (NYSE:REX)

Teacher Retirement System of Texas increased its stake in shares of REX American Resources Co. (NYSE:REX) by 104.6% during the 4th quarter, Holdings Channel reports. The institutional investor owned 43,946 shares of the energy company’s stock after buying an additional 22,468 shares during the period. Teacher Retirement System of Texas’ holdings in REX American Resources were worth $1,832,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Royce & Associates LP raised its stake in shares of REX American Resources by 6.6% in the fourth quarter. Royce & Associates LP now owns 35,551 shares of the energy company’s stock worth $1,482,000 after acquiring an additional 2,193 shares during the last quarter. AlphaQuest LLC acquired a new stake in shares of REX American Resources in the fourth quarter valued at approximately $46,000. Proficio Capital Partners LLC bought a new position in REX American Resources in the 4th quarter worth approximately $890,000. Victory Capital Management Inc. lifted its holdings in REX American Resources by 1.5% during the 4th quarter. Victory Capital Management Inc. now owns 84,316 shares of the energy company’s stock worth $3,515,000 after buying an additional 1,221 shares in the last quarter. Finally, Illinois Municipal Retirement Fund boosted its position in REX American Resources by 2.9% in the 4th quarter. Illinois Municipal Retirement Fund now owns 8,720 shares of the energy company’s stock valued at $364,000 after buying an additional 245 shares during the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

REX American Resources Trading Up 2.2 %

Shares of NYSE:REX opened at $39.47 on Friday. The stock has a market capitalization of $693.44 million, a P/E ratio of 10.33 and a beta of 0.92. REX American Resources Co. has a 1-year low of $35.40 and a 1-year high of $60.79. The business has a 50-day moving average price of $39.80 and a two-hundred day moving average price of $42.60.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, beating the consensus estimate of $0.27 by $0.36. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The business had revenue of $158.23 million for the quarter, compared to analyst estimates of $163.00 million. During the same period in the prior year, the business posted $1.16 earnings per share. As a group, equities analysts predict that REX American Resources Co. will post 2.93 EPS for the current year.

REX American Resources declared that its board has initiated a stock buyback program on Wednesday, March 26th that authorizes the company to repurchase 1,500,000 outstanding shares. This repurchase authorization authorizes the energy company to repurchase shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company’s leadership believes its shares are undervalued.

Wall Street Analyst Weigh In

Separately, Truist Financial restated a “buy” rating and set a $50.00 target price (down previously from $55.00) on shares of REX American Resources in a research report on Thursday.

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.