Brandywine Global Investment Management LLC Acquires 47,180 Shares of REX American Resources Co. (NYSE:REX)

Brandywine Global Investment Management LLC raised its position in REX American Resources Co. (NYSE:REX - Free Report) by 382.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 59,530 shares of the energy company's stock after purchasing an additional 47,180 shares during the quarter. Brandywine Global Investment Management LLC owned 0.34% of REX American Resources worth $2,482,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of REX. JPMorgan Chase & Co. raised its position in REX American Resources by 19.0% in the 4th quarter. JPMorgan Chase & Co. now owns 123,419 shares of the energy company's stock valued at $5,145,000 after buying an additional 19,686 shares during the last quarter. WINTON GROUP Ltd grew its stake in shares of REX American Resources by 10.7% during the 4th quarter. WINTON GROUP Ltd now owns 25,924 shares of the energy company's stock worth $1,081,000 after acquiring an additional 2,514 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of REX American Resources by 0.4% in the fourth quarter. Vanguard Group Inc. now owns 1,304,619 shares of the energy company's stock valued at $54,390,000 after purchasing an additional 5,149 shares during the last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of REX American Resources in the fourth quarter worth $375,000. Finally, American Century Companies Inc. boosted its holdings in REX American Resources by 14.1% during the fourth quarter. American Century Companies Inc. now owns 421,621 shares of the energy company's stock worth $17,577,000 after purchasing an additional 51,945 shares during the last quarter. 88.12% of the stock is currently owned by institutional investors.

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REX American Resources Stock Performance

NYSE REX traded down $0.32 during trading hours on Friday, hitting $35.97. 235,079 shares of the company traded hands, compared to its average volume of 154,168. The stock has a market capitalization of $631.88 million, a price-to-earnings ratio of 9.42 and a beta of 0.92. REX American Resources Co. has a twelve month low of $34.34 and a twelve month high of $60.41. The business's 50-day moving average is $39.31 and its 200-day moving average is $42.36.

REX American Resources (NYSE:REX - Get Free Report) last released 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 during the quarter, compared to analysts' expectations of $163.00 million. During the same period last year, the business earned $1.16 earnings per share. 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 initiated a stock buyback plan on Wednesday, March 26th that permits the company to repurchase 1,500,000 shares. This repurchase authorization permits the energy company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Analyst Ratings Changes

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

REX American Resources Profile

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.