South Dakota Investment Council Acquires 116,710 Shares of REX American Resources Co. (NYSE:REX)

South Dakota Investment Council lifted its holdings in REX American Resources Co. (NYSE:REX) by 256.4% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 162,231 shares of the energy company’s stock after acquiring an additional 116,710 shares during the period. South Dakota Investment Council owned 0.93% of REX American Resources worth $7,674,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brown Advisory Inc. grew its holdings in shares of REX American Resources by 3.1% in the third quarter. Brown Advisory Inc. now owns 671,501 shares of the energy company’s stock valued at $27,344,000 after purchasing an additional 20,149 shares in the last quarter. Invesco Ltd. increased its stake in REX American Resources by 5.2% during the third quarter. Invesco Ltd. now owns 293,943 shares of the energy company’s stock worth $11,969,000 after acquiring an additional 14,593 shares during the last quarter. ECP ControlCo LLC raised its position in REX American Resources by 8.8% during the third quarter. ECP ControlCo LLC now owns 261,917 shares of the energy company’s stock valued at $10,665,000 after purchasing an additional 21,205 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in REX American Resources by 21.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 122,329 shares of the energy company’s stock valued at $4,981,000 after buying an additional 21,627 shares during the period. Finally, Panagora Asset Management Inc. lifted its position in REX American Resources by 164.6% in the third quarter. Panagora Asset Management Inc. now owns 105,573 shares of the energy company’s stock worth $4,299,000 after buying an additional 65,673 shares during the last quarter. Institutional investors own 88.12% of the company’s stock.

Insider Buying and Selling at REX American Resources

In related news, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction dated Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total value of $119,200.00. Following the completion of the sale, the chief financial officer now directly owns 88,605 shares in the company, valued at $5,280,858. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Stuart A. Rose sold 5,041 shares of the stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $58.08, for a total transaction of $292,781.28. Following the completion of the sale, the insider now owns 1,492,305 shares of the company’s stock, valued at $86,673,074.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction on 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 transaction, the chief financial officer now directly owns 88,605 shares in the company, valued at $5,280,858. The disclosure for this sale can be found here. Insiders sold a total of 111,984 shares of company stock valued at $6,643,493 in the last ninety days. Corporate insiders own 12.20% of the company’s stock.

REX American Resources Trading Down 0.9 %

Shares of REX traded down $0.51 during trading hours on Wednesday, reaching $56.30. 118,018 shares of the company traded hands, compared to its average volume of 138,461. The firm 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 Co. has a 12-month low of $27.47 and a 12-month high of $60.78. The stock’s fifty day moving average price is $48.72 and its 200 day moving average price is $43.98.

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

Wall Street Analyst Weigh In

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

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, 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.