REX American Resources Co. (NYSE:REX) Shares Sold by Prudential Financial Inc.

Prudential Financial Inc. cut its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 61.0% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,915 shares of the energy company's stock after selling 24,900 shares during the period. Prudential Financial Inc. owned 0.09% of REX American Resources worth $663,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in the stock. AlphaQuest LLC purchased a new position in REX American Resources in the fourth quarter valued at approximately $46,000. FMR LLC increased its position in shares of REX American Resources by 34.8% in the third quarter. FMR LLC now owns 2,345 shares of the energy company's stock worth $109,000 after acquiring an additional 605 shares in the last quarter. Diversified Trust Co raised its stake in shares of REX American Resources by 12.5% in the 4th quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock valued at $228,000 after acquiring an additional 610 shares during the period. Ballentine Partners LLC acquired a new position in shares of REX American Resources during the 4th quarter valued at $232,000. Finally, SG Americas Securities LLC boosted its position in REX American Resources by 36.1% during the 4th quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company's stock worth $237,000 after purchasing an additional 1,506 shares during the period. 88.12% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

REX American Resources Price Performance

NYSE REX traded up $1.77 on Friday, reaching $39.40. The company had a trading volume of 170,260 shares, compared to its average volume of 156,275. REX American Resources Co. has a 1 year low of $33.45 and a 1 year high of $60.41. The firm has a 50-day moving average of $38.63 and a 200-day moving average of $41.91. The firm has a market capitalization of $670.28 million, a PE ratio of 10.31 and a beta of 0.69.

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 during the quarter, compared to the consensus estimate of $163.00 million. During the same period in the prior year, the firm earned $1.16 earnings per share. As a group, sell-side analysts expect that REX American Resources Co. will post 2.93 EPS for the current fiscal year.

REX American Resources announced that its Board of Directors has initiated a share buyback program on Wednesday, March 26th that allows the company to buyback 1,500,000 outstanding shares. This buyback authorization allows the energy company to purchase shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company's board believes its shares are undervalued.

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.