REX American Resources Co. (NYSE:REX) Shares Purchased by South Dakota Investment Council

South Dakota Investment Council raised its position in REX American Resources Co. (NYSE:REX) by 256.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 162,231 shares of the energy company’s stock after buying an additional 116,710 shares during the quarter. South Dakota Investment Council’s holdings in REX American Resources were worth $7,674,000 as of its most recent filing with the SEC.

A number of other large investors also recently bought and sold shares of the company. Allspring Global Investments Holdings LLC lifted its position in REX American Resources by 84.5% in the third quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company’s stock valued at $36,000 after purchasing an additional 409 shares during the period. Denali Advisors LLC purchased a new stake in REX American Resources during the third quarter worth about $118,000. Arizona State Retirement System acquired a new position in REX American Resources during the fourth quarter worth about $208,000. Hsbc Holdings PLC purchased a new position in REX American Resources in the third quarter valued at about $244,000. Finally, Tower Research Capital LLC TRC lifted its position in shares of REX American Resources by 172.5% during the 3rd quarter. Tower Research Capital LLC TRC now owns 8,341 shares of the energy company’s stock valued at $340,000 after acquiring an additional 5,280 shares during the period. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Analyst Ratings Changes

Several equities analysts recently issued reports on REX shares. Truist Financial reaffirmed a “buy” rating and set a $70.00 price objective (up from $58.00) on shares of REX American Resources in a report on Friday, April 12th. StockNews.com upgraded shares of REX American Resources from a “hold” rating to a “buy” rating in a research report on Thursday, March 7th.

Insiders Place Their Bets

In other REX American Resources news, insider Stuart A. Rose sold 100,000 shares of REX American Resources stock in a transaction that occurred on Wednesday, April 3rd. The shares were sold at an average price of $59.42, for a total value of $5,942,000.00. Following the completion of the sale, the insider now directly owns 1,512,305 shares of the company’s stock, valued at approximately $89,861,163.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other REX American Resources news, CFO Douglas Bruggeman sold 2,000 shares of the business’s stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total transaction of $119,200.00. Following the completion of the sale, the chief financial officer now owns 88,605 shares of the company’s stock, valued at $5,280,858. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Stuart A. Rose sold 100,000 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $59.42, for a total value of $5,942,000.00. Following the sale, the insider now owns 1,512,305 shares of the company’s stock, valued at $89,861,163.10. The disclosure for this sale can be found here. Insiders have sold 111,984 shares of company stock valued at $6,643,493 in the last ninety days. Insiders own 12.20% of the company’s stock.

REX American Resources Stock Down 0.9 %

Shares of REX traded down $0.51 during mid-day trading on Wednesday, reaching $56.30. 118,018 shares of the company’s stock were exchanged, compared to its average volume of 138,461. REX American Resources Co. has a 52-week low of $27.47 and a 52-week high of $60.78. The company has a 50-day simple moving average of $48.72 and a two-hundred day simple moving average of $43.98. The company has a market cap of $985.48 million, a price-to-earnings ratio of 15.87 and a beta of 1.07.

REX American Resources (NYSE:REX) last released its quarterly earnings results on Thursday, March 28th. The energy company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.45. The company had revenue of $187.61 million during the quarter, compared to analysts’ expectations of $170.00 million. REX American Resources had a return on equity of 11.06% and a net margin of 7.31%. As a group, equities research analysts predict that REX American Resources Co. will post 1.77 EPS for the current fiscal year.

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, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.