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

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

A number of other institutional investors have also recently made changes to their positions in the company. Barclays PLC grew its holdings in REX American Resources by 87.3% during the 3rd quarter. Barclays PLC now owns 42,855 shares of the energy company's stock valued at $1,983,000 after buying an additional 19,977 shares in the last quarter. Principal Financial Group Inc. grew its holdings in shares of REX American Resources by 0.6% in the third quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company's stock valued at $3,640,000 after purchasing an additional 432 shares in the last quarter. Proficio Capital Partners LLC bought a new stake in REX American Resources in the fourth quarter worth $890,000. HighTower Advisors LLC purchased a new stake in REX American Resources during the third quarter valued at $246,000. Finally, FMR LLC lifted its position in REX American Resources by 34.8% during the third quarter. FMR LLC now owns 2,345 shares of the energy company's stock valued at $109,000 after purchasing an additional 605 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company's stock.

Wall Street Analyst Weigh In

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

REX American Resources Trading Down 0.9 %

NYSE:REX traded down $0.32 during midday trading on Friday, hitting $35.97. 235,079 shares of the company traded hands, compared to its average volume of 154,188. The firm has a market capitalization of $631.88 million, a P/E ratio of 9.42 and a beta of 0.92. The firm's fifty day moving average is $39.31 and its 200-day moving average is $42.34. REX American Resources Co. has a 12-month low of $34.19 and a 12-month high of $60.41.

REX American Resources (NYSE:REX - Get Free Report) last announced its earnings results on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, beating the consensus estimate 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 business had revenue of $158.23 million for the quarter, compared to the consensus estimate of $163.00 million. During the same quarter in the prior year, the firm posted $1.16 earnings per share. On average, research analysts expect that REX American Resources Co. will post 2.93 EPS for the current fiscal year.

REX American Resources declared that its Board of Directors has initiated a stock buyback plan on Wednesday, March 26th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the energy company to reacquire shares of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

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.