American Century Companies Inc. Increases Stake 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 148.8% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 268,660 shares of the energy company's stock after buying an additional 160,685 shares during the period. American Century Companies Inc. owned approximately 1.53% of REX American Resources worth $12,248,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in REX. Brightline Capital Management LLC acquired a new position in REX American Resources in the fourth quarter valued at about $7,946,000. Vanguard Group Inc. raised its stake in shares of REX American Resources by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company's stock valued at $70,535,000 after acquiring an additional 68,211 shares during the period. Victory Capital Management Inc. lifted its holdings in shares of REX American Resources by 532.2% in the 2nd quarter. Victory Capital Management Inc. now owns 71,709 shares of the energy company's stock worth $3,269,000 after acquiring an additional 60,367 shares during the last quarter. CANADA LIFE ASSURANCE Co boosted its position in shares of REX American Resources by 212.4% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,420 shares of the energy company's stock worth $2,552,000 after purchasing an additional 29,522 shares during the period. Finally, Pinnacle Wealth Management LLC acquired a new stake in REX American Resources in the 2nd quarter valued at approximately $1,293,000. Hedge funds and other institutional investors own 88.12% of the company's stock.

Analyst Ratings Changes

Separately, Truist Financial decreased their price target on REX American Resources from $65.00 to $60.00 and set a "buy" rating on the stock in a research note on Tuesday, August 27th.

REX American Resources Trading Up 1.4 %

REX American Resources stock traded up $0.63 during midday trading on Friday, reaching $46.51. 620,313 shares of the stock traded hands, compared to its average volume of 161,106. The firm has a market cap of $814.11 million, a PE ratio of 12.40 and a beta of 0.94. The company has a 50-day simple moving average of $45.67 and a two-hundred day simple moving average of $49.13. REX American Resources Co. has a 12-month low of $35.73 and a 12-month high of $60.78.

REX American Resources (NYSE:REX - Get Free Report) last posted its quarterly earnings data on Tuesday, August 27th. The energy company reported $0.70 EPS for the quarter, beating the consensus estimate of $0.44 by $0.26. REX American Resources had a net margin of 9.64% and a return on equity of 11.69%. The business had revenue of $148.16 million during the quarter, compared to analyst estimates of $146.00 million. During the same quarter last year, the firm posted $0.52 earnings per share. Equities research analysts anticipate that REX American Resources Co. will post 2.6 earnings per share for the current year.

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.