Millennium Management LLC Purchases 39,126 Shares of REX American Resources Co. (NYSE:REX)

Millennium Management LLC grew its holdings in REX American Resources Co. (NYSE:REX - Free Report) by 61.4% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 102,893 shares of the energy company's stock after acquiring an additional 39,126 shares during the quarter. Millennium Management LLC owned about 0.59% of REX American Resources worth $4,691,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in REX. American Century Companies Inc. lifted its position in REX American Resources by 148.8% during the 2nd quarter. American Century Companies Inc. now owns 268,660 shares of the energy company's stock worth $12,248,000 after acquiring an additional 160,685 shares during the period. AQR Capital Management LLC lifted its holdings in shares of REX American Resources by 440.6% in the 2nd quarter. AQR Capital Management LLC now owns 86,140 shares of the energy company's stock valued at $3,927,000 after buying an additional 70,207 shares during the period. Vanguard Group Inc. lifted its holdings 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 buying 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 valued at $3,269,000 after buying an additional 60,367 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its holdings in shares of REX American Resources by 212.4% in the 1st quarter. CANADA LIFE ASSURANCE Co now owns 43,420 shares of the energy company's stock valued at $2,552,000 after buying an additional 29,522 shares during the period. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Stock Up 0.5 %

Shares of REX stock traded up $0.25 during mid-day trading on Friday, hitting $46.51. 73,088 shares of the company's stock were exchanged, compared to its average volume of 156,558. REX American Resources Co. has a fifty-two week low of $35.73 and a fifty-two week high of $60.78. The stock has a 50-day simple moving average of $45.10 and a two-hundred day simple moving average of $49.28. The stock has a market cap of $814.11 million, a price-to-earnings ratio of 12.40 and a beta of 0.93.

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

Wall Street Analyst Weigh In

Separately, Truist Financial dropped their price objective on REX American Resources from $65.00 to $60.00 and set a "buy" rating for the company in a research note on Tuesday, August 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.