Renaissance Technologies LLC Has $36.52 Million Stake in REX American Resources Co. (NYSE:REX)

Renaissance Technologies LLC raised its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 2.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 876,003 shares of the energy company's stock after buying an additional 21,488 shares during the period. Renaissance Technologies LLC owned about 4.99% of REX American Resources worth $36,521,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. FMR LLC increased its stake in shares of REX American Resources by 34.8% during the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company's stock worth $109,000 after purchasing an additional 605 shares during the last quarter. BNP Paribas Financial Markets raised its holdings in REX American Resources by 9.6% during the third quarter. BNP Paribas Financial Markets now owns 10,353 shares of the energy company's stock valued at $479,000 after buying an additional 904 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of REX American Resources by 5.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 38,010 shares of the energy company's stock worth $1,759,000 after acquiring an additional 1,833 shares in the last quarter. HighTower Advisors LLC bought a new stake in REX American Resources during the third quarter worth approximately $246,000. Finally, Barclays PLC boosted its holdings in REX American Resources by 87.3% during the third quarter. Barclays PLC now owns 42,855 shares of the energy company's stock valued at $1,983,000 after acquiring an additional 19,977 shares during the period. 88.12% of the stock is currently owned by hedge funds and other institutional investors.

REX American Resources Stock Performance

NYSE REX traded up $0.64 during trading on Thursday, reaching $40.21. 42,206 shares of the company traded hands, compared to its average volume of 156,362. REX American Resources Co. has a 1-year low of $33.45 and a 1-year high of $60.41. The stock's 50 day moving average price is $38.51 and its two-hundred day moving average price is $41.83. The company has a market cap of $684.09 million, a price-to-earnings ratio of 10.53 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 (EPS) for the quarter, topping analysts' consensus estimates of $0.27 by $0.36. The business had revenue of $158.23 million during the quarter, compared to analysts' expectations of $163.00 million. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same quarter last year, the company posted $1.16 EPS. Equities research analysts expect that REX American Resources Co. will post 2.93 EPS for the current fiscal year.

REX American Resources announced that its board has authorized a share buyback plan on Wednesday, March 26th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the energy company to repurchase shares of its stock through open market purchases. Shares buyback plans are often a sign that the company's board of directors believes its stock is undervalued.

Analysts Set New Price Targets

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