Empowered Funds LLC Boosts Stake in REX American Resources Co. (NYSE:REX)

Empowered Funds LLC grew its position in shares of REX American Resources Co. (NYSE:REX) by 5.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 75,539 shares of the energy company’s stock after acquiring an additional 3,618 shares during the quarter. Empowered Funds LLC’s holdings in REX American Resources were worth $3,149,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of REX. FMR LLC increased its position in REX American Resources by 34.8% during the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company’s stock worth $109,000 after purchasing an additional 605 shares in the last quarter. CWM LLC grew its stake in REX American Resources by 167.2% during the third quarter. CWM LLC now owns 3,222 shares of the energy company’s stock worth $149,000 after buying an additional 2,016 shares during the period. Intech Investment Management LLC purchased a new stake in REX American Resources during the third quarter worth approximately $213,000. Wealth Enhancement Advisory Services LLC acquired a new stake in shares of REX American Resources in the third quarter worth $228,000. Finally, HighTower Advisors LLC purchased a new position in shares of REX American Resources in the 3rd quarter valued at $246,000. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Stock Performance

Shares of NYSE:REX opened at $43.00 on Friday. The company has a market cap of $755.49 million, a P/E ratio of 11.26 and a beta of 0.91. REX American Resources Co. has a one year low of $39.02 and a one year high of $60.78. The business’s 50-day simple moving average is $41.76 and its 200 day simple moving average is $44.10.

REX American Resources (NYSE:REX) last posted its earnings results on Tuesday, December 3rd. The energy company reported $1.38 EPS for the quarter, topping analysts’ consensus estimates of $0.72 by $0.66. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same quarter in the previous year, the company earned $1.49 EPS. Analysts predict that REX American Resources Co. will post 2.93 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their price target on shares of REX American Resources from $60.00 to $55.00 and set a “buy” rating for the company in a research report on Monday, December 9th.

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.