Alliancebernstein L.P. Sells 7,965 Shares of REX American Resources Co. (NYSE:REX)

Alliancebernstein L.P. lessened its position in shares of REX American Resources Co. (NYSE:REX - Free Report) by 25.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 23,820 shares of the energy company's stock after selling 7,965 shares during the period. Alliancebernstein L.P. owned approximately 0.14% of REX American Resources worth $993,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. AlphaQuest LLC bought a new stake in REX American Resources in the 4th quarter valued at about $46,000. FMR LLC grew its holdings in shares of REX American Resources by 34.8% during the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company's stock valued at $109,000 after acquiring an additional 605 shares in the last quarter. Diversified Trust Co increased its stake in shares of REX American Resources by 12.5% during the 4th quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock worth $228,000 after purchasing an additional 610 shares during the last quarter. Ballentine Partners LLC acquired a new position in REX American Resources during the fourth quarter valued at approximately $232,000. Finally, SG Americas Securities LLC lifted its holdings in shares of REX American Resources by 36.1% during the fourth quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company's stock worth $237,000 after buying an additional 1,506 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors and hedge funds.

REX American Resources Stock Up 1.2 %

Shares of NYSE REX traded up $0.46 during trading hours on Monday, hitting $40.43. The company had a trading volume of 148,478 shares, compared to its average volume of 156,079. The stock has a market capitalization of $687.84 million, a P/E ratio of 10.58 and a beta of 0.69. REX American Resources Co. has a 1-year low of $33.45 and a 1-year high of $60.41. The firm's 50 day moving average is $38.40 and its 200-day moving average is $41.66.

REX American Resources (NYSE:REX - Get Free Report) last issued its quarterly earnings results on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, topping analysts' consensus estimates of $0.27 by $0.36. The company had revenue of $158.23 million during the quarter, compared to the consensus estimate of $163.00 million. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same quarter in the prior year, the firm posted $1.16 EPS. On average, sell-side analysts predict that REX American Resources Co. will post 2.93 earnings per share for the current year.

REX American Resources declared that its Board of Directors has authorized a share repurchase program on Wednesday, March 26th that allows the company to repurchase 1,500,000 outstanding shares. This repurchase authorization allows the energy company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's leadership believes its shares are undervalued.

Analyst Upgrades and Downgrades

Separately, Truist Financial reaffirmed a "buy" rating and issued a $50.00 target price (down previously from $55.00) on shares of REX American Resources in a report on Thursday, March 27th.

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.