REX American Resources Co. (NYSE:REX) Shares Sold by Jacobs Levy Equity Management Inc.

Jacobs Levy Equity Management Inc. trimmed its position in shares of REX American Resources Co. (NYSE:REX) by 30.7% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 54,034 shares of the energy company’s stock after selling 23,964 shares during the period. Jacobs Levy Equity Management Inc.’s holdings in REX American Resources were worth $3,172,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of REX. AJOVista LLC bought a new stake in shares of REX American Resources during the 4th quarter worth about $29,000. EntryPoint Capital LLC bought a new stake in shares of REX American Resources during the 1st quarter worth about $133,000. SG Americas Securities LLC bought a new stake in shares of REX American Resources during the 1st quarter worth about $139,000. Allspring Global Investments Holdings LLC raised its position in shares of REX American Resources by 163.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company’s stock worth $150,000 after buying an additional 1,583 shares in the last quarter. Finally, Concourse Financial Group Securities Inc. bought a new stake in shares of REX American Resources during the 1st quarter worth about $164,000. 88.12% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

REX has been the topic of a number of recent analyst reports. Truist Financial restated a “buy” rating and set a $65.00 price target on shares of REX American Resources in a research report on Monday, June 17th. StockNews.com downgraded shares of REX American Resources from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd.

REX American Resources Trading Up 2.4 %

Shares of NYSE REX traded up $1.21 during midday trading on Wednesday, reaching $51.26. The company’s stock had a trading volume of 39,094 shares, compared to its average volume of 166,992. The company has a 50 day moving average price of $47.32 and a 200 day moving average price of $48.57. REX American Resources Co. has a one year low of $34.94 and a one year high of $60.78. The company has a market cap of $897.05 million, a price-to-earnings ratio of 13.35 and a beta of 0.96.

REX American Resources (NYSE:REX) last released its earnings results on Wednesday, May 22nd. The energy company reported $0.58 EPS for the quarter, topping analysts’ consensus estimates of $0.31 by $0.27. REX American Resources had a net margin of 8.43% and a return on equity of 11.53%. The business had revenue of $161.23 million for the quarter, compared to the consensus estimate of $140.00 million. Research analysts anticipate that REX American Resources Co. will post 1.79 earnings per share for the current fiscal year.

Insider Transactions at REX American Resources

In other news, Director Lee Fisher sold 4,362 shares of REX American Resources stock in a transaction that occurred on Friday, May 24th. The shares were sold at an average price of $56.42, for a total value of $246,104.04. Following the transaction, the director now directly owns 6,001 shares of the company’s stock, valued at $338,576.42. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 11.68% of the stock is currently owned by insiders.

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.