REX American Resources Co. (NYSE:REX) Shares Sold by Marshall Wace LLP

Marshall Wace LLP lowered its position in REX American Resources Co. (NYSE:REX - Free Report) by 64.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 13,557 shares of the energy company's stock after selling 24,489 shares during the period. Marshall Wace LLP owned about 0.08% of REX American Resources worth $618,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. CWM LLC lifted its holdings in shares of REX American Resources by 1,944.1% in the 2nd quarter. CWM LLC now owns 1,206 shares of the energy company's stock valued at $55,000 after buying an additional 1,147 shares during the period. EntryPoint Capital LLC purchased a new stake in shares of REX American Resources during the 1st quarter worth $133,000. SG Americas Securities LLC acquired a new position in shares of REX American Resources during the 1st quarter worth $139,000. Allspring Global Investments Holdings LLC grew its stake in shares of REX American Resources by 163.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company's stock worth $150,000 after purchasing an additional 1,583 shares during the period. Finally, Concourse Financial Group Securities Inc. purchased a new position in shares of REX American Resources in the 1st quarter valued at about $164,000. Hedge funds and other institutional investors own 88.12% of the company's stock.

Analysts Set New Price Targets

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

REX American Resources Stock Up 1.0 %

NYSE REX traded up $0.45 during mid-day trading on Thursday, hitting $46.26. The stock had a trading volume of 63,461 shares, compared to its average volume of 156,984. The company has a 50 day simple moving average of $45.16 and a 200 day simple moving average of $49.22. The company has a market cap of $809.74 million, a price-to-earnings ratio of 12.24 and a beta of 0.93. REX American Resources Co. has a 52-week low of $35.73 and a 52-week high of $60.78.

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