Citigroup Inc. Acquires 3,218 Shares of REX American Resources Co. (NYSE:REX)

Citigroup Inc. increased its holdings in REX American Resources Co. (NYSE:REX) by 113.0% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,065 shares of the energy company’s stock after buying an additional 3,218 shares during the period. Citigroup Inc.’s holdings in REX American Resources were worth $547,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in REX. BlackRock Inc. grew its holdings in shares of REX American Resources by 9.9% in the first quarter. BlackRock Inc. now owns 949,630 shares of the energy company’s stock valued at $79,930,000 after acquiring an additional 85,354 shares in the last quarter. Monarch Partners Asset Management LLC grew its holdings in shares of REX American Resources by 37.9% in the second quarter. Monarch Partners Asset Management LLC now owns 68,981 shares of the energy company’s stock valued at $6,221,000 after acquiring an additional 18,942 shares in the last quarter. Goldman Sachs Group Inc. grew its holdings in shares of REX American Resources by 107.2% in the first quarter. Goldman Sachs Group Inc. now owns 16,012 shares of the energy company’s stock valued at $1,348,000 after acquiring an additional 8,286 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of REX American Resources by 4.9% in the first quarter. Geode Capital Management LLC now owns 87,264 shares of the energy company’s stock valued at $7,345,000 after acquiring an additional 4,091 shares in the last quarter. Finally, Brinker Capital Investments LLC bought a new position in shares of REX American Resources in the first quarter valued at approximately $304,000. 82.03% of the stock is owned by institutional investors.

Shares of NYSE REX opened at $85.12 on Thursday. The stock has a fifty day simple moving average of $80.93 and a two-hundred day simple moving average of $84.13. REX American Resources Co. has a 1-year low of $68.07 and a 1-year high of $116.86. The firm has a market cap of $508.25 million, a price-to-earnings ratio of 18.34 and a beta of 1.09.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Tuesday, August 31st. The energy company reported $1.31 earnings per share for the quarter, beating the consensus estimate of $0.94 by $0.37. REX American Resources had a return on equity of 6.33% and a net margin of 4.60%. The business had revenue of $195.84 million during the quarter, compared to analyst estimates of $193.00 million. On average, equities research analysts anticipate that REX American Resources Co. will post 6.92 earnings per share for the current fiscal year.

Separately, Zacks Investment Research raised REX American Resources from a “hold” rating to a “strong-buy” rating and set a $99.00 price objective for the company in a report on Tuesday, August 31st.

REX American Resources Company Profile

REX American Resources Corp. is a holding company, which engages in the investment in alternative energy and ethanol production entities. It operates through the following segments: Ethanol and By-products and Refined Coal. The Ethanol and By-products segment refers to the equity investments in three ethanol limited liability companies.

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Institutional Ownership by Quarter for REX American Resources (NYSE:REX)

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