WINTON GROUP Ltd Raises Stock Holdings in REX American Resources Co. (NYSE:REX)

WINTON GROUP Ltd boosted its holdings in REX American Resources Co. (NYSE:REX) by 10.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 25,924 shares of the energy company’s stock after purchasing an additional 2,514 shares during the period. WINTON GROUP Ltd’s holdings in REX American Resources were worth $1,081,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Barclays PLC boosted its stake in REX American Resources by 87.3% in the third quarter. Barclays PLC now owns 42,855 shares of the energy company’s stock valued at $1,983,000 after acquiring an additional 19,977 shares during the last quarter. Principal Financial Group Inc. raised its holdings in shares of REX American Resources by 0.6% in the 3rd quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company’s stock worth $3,640,000 after purchasing an additional 432 shares during the period. Proficio Capital Partners LLC purchased a new position in REX American Resources in the fourth quarter valued at approximately $890,000. HighTower Advisors LLC bought a new position in REX American Resources during the third quarter valued at $246,000. Finally, FMR LLC increased its position in REX American Resources by 34.8% in 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 during the last quarter. Institutional investors own 88.12% of the company’s stock.

REX American Resources Trading Down 4.2 %

Shares of NYSE REX opened at $37.76 on Friday. The business has a 50-day moving average of $39.72 and a 200-day moving average of $42.57. The firm has a market capitalization of $663.40 million, a price-to-earnings ratio of 9.89 and a beta of 0.92. REX American Resources Co. has a 12 month low of $35.40 and a 12 month high of $60.79.

REX American Resources (NYSE:REX) last issued its quarterly earnings results on Wednesday, March 26th. The energy company reported $0.63 EPS for the quarter, topping analysts’ consensus estimates of $0.27 by $0.36. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. The firm 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 firm earned $1.16 EPS. On average, analysts predict that REX American Resources Co. will post 2.93 earnings per share for the current year.

REX American Resources announced that its Board of Directors has initiated a stock buyback program on Wednesday, March 26th that permits the company to buyback 1,500,000 shares. This buyback authorization permits the energy company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s leadership believes its stock is undervalued.

Wall Street Analyst Weigh In

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

About REX American Resources

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.