American Century Companies Inc. Boosts Stock Holdings in REX American Resources Co. (NYSE:REX)

American Century Companies Inc. lifted its position in shares of REX American Resources Co. (NYSE:REX - Free Report) by 14.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 421,621 shares of the energy company's stock after buying an additional 51,945 shares during the quarter. American Century Companies Inc. owned about 2.40% of REX American Resources worth $17,577,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. AlphaQuest LLC acquired a new stake in REX American Resources during the 4th quarter worth about $46,000. FMR LLC boosted its position 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 purchasing an additional 605 shares in the last quarter. Intech Investment Management LLC acquired a new stake in REX American Resources during the third quarter worth approximately $213,000. HighTower Advisors LLC bought a new stake in REX American Resources in the third quarter worth approximately $246,000. Finally, Diversified Trust Co lifted its stake in REX American Resources by 12.5% in the fourth quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock valued at $228,000 after buying an additional 610 shares during the period. Institutional investors own 88.12% of the company's stock.

REX American Resources Price Performance

Shares of REX stock traded down $0.30 on Friday, reaching $36.00. 93,758 shares of the company were exchanged, compared to its average volume of 153,692. REX American Resources Co. has a one year low of $34.34 and a one year high of $60.60. The company has a market cap of $632.32 million, a price-to-earnings ratio of 9.42 and a beta of 0.92. The company has a 50-day moving average of $39.41 and a 200-day moving average of $42.42.

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

REX American Resources announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 26th that authorizes the company to repurchase 1,500,000 shares. This repurchase authorization authorizes the energy company to purchase shares of its stock through open market purchases. Shares repurchase programs are typically an indication that the company's leadership believes its stock is undervalued.

Analysts Set New Price Targets

Separately, Truist Financial reaffirmed a "buy" rating and set a $50.00 price objective (down previously from $55.00) on shares of REX American Resources in a research 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.