WINTON GROUP Ltd Acquires 2,514 Shares of REX American Resources Co. (NYSE:REX)

WINTON GROUP Ltd grew its holdings in shares of REX American Resources Co. (NYSE:REX) by 10.7% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 25,924 shares of the energy company’s stock after purchasing an additional 2,514 shares during the period. WINTON GROUP Ltd owned about 0.15% of REX American Resources worth $1,081,000 at the end of the most recent quarter.

Several other hedge funds also recently made changes to their positions in the business. AlphaQuest LLC bought a new position in REX American Resources during the 4th quarter worth $46,000. FMR LLC grew its stake in REX American Resources by 34.8% during the third quarter. FMR LLC now owns 2,345 shares of the energy company’s stock worth $109,000 after buying an additional 605 shares in the last quarter. Intech Investment Management LLC bought a new position in REX American Resources in the 3rd quarter valued at about $213,000. Diversified Trust Co raised its position in shares of REX American Resources by 12.5% in the 4th quarter. Diversified Trust Co now owns 5,471 shares of the energy company’s stock valued at $228,000 after buying an additional 610 shares in the last quarter. Finally, Ballentine Partners LLC bought a new stake in shares of REX American Resources during the 4th quarter worth $232,000. 88.12% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

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

REX American Resources Trading Down 4.2 %

Shares of REX stock opened at $37.76 on Friday. The stock has a market cap of $663.40 million, a price-to-earnings ratio of 9.89 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 stock has a 50-day moving average of $39.72 and a 200-day moving average of $42.57.

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

REX American Resources declared that its Board of Directors has initiated a stock repurchase program on Wednesday, March 26th that permits the company to repurchase 1,500,000 outstanding shares. This repurchase authorization permits the energy company to buy shares of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s board believes its shares are undervalued.

REX American Resources Company 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.