REX American Resources Co. (NYSE:REX) Shares Sold by Walnut Level Capital LLC

Walnut Level Capital LLC reduced its holdings in shares of REX American Resources Co. (NYSE:REX - Free Report) by 74.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 35,586 shares of the energy company's stock after selling 106,341 shares during the period. REX American Resources makes up 0.6% of Walnut Level Capital LLC's investment portfolio, making the stock its 26th largest holding. Walnut Level Capital LLC owned about 0.20% of REX American Resources worth $1,484,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Illinois Municipal Retirement Fund grew its holdings in shares of REX American Resources by 2.9% during the fourth quarter. Illinois Municipal Retirement Fund now owns 8,720 shares of the energy company's stock worth $364,000 after buying an additional 245 shares during the last quarter. Principal Financial Group Inc. raised its stake in REX American Resources by 0.6% during the 3rd quarter. Principal Financial Group Inc. now owns 78,632 shares of the energy company's stock valued at $3,640,000 after acquiring an additional 432 shares during the last quarter. New York State Teachers Retirement System lifted its position in REX American Resources by 5.4% during the 4th quarter. New York State Teachers Retirement System now owns 11,781 shares of the energy company's stock worth $491,000 after acquiring an additional 600 shares during the period. FMR LLC grew its stake in shares of REX American Resources by 34.8% in the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company's stock valued at $109,000 after purchasing an additional 605 shares during the last quarter. Finally, Diversified Trust Co increased its holdings in shares of REX American Resources by 12.5% in the fourth quarter. Diversified Trust Co now owns 5,471 shares of the energy company's stock valued at $228,000 after purchasing an additional 610 shares during the period. 88.12% of the stock is currently owned by institutional investors and hedge funds.

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REX American Resources Trading Down 4.2 %

Shares of NYSE:REX traded down $1.66 during midday trading on Friday, hitting $37.76. The stock had a trading volume of 232,437 shares, compared to its average volume of 155,530. The company has a market capitalization of $663.40 million, a PE ratio of 9.89 and a beta of 0.92. REX American Resources Co. has a 1 year low of $35.40 and a 1 year high of $60.79. The stock has a 50 day moving average price of $39.72 and a two-hundred day moving average price of $42.57.

REX American Resources (NYSE:REX - Get Free Report) last issued 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. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. 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 business posted $1.16 EPS. As a group, equities analysts expect that REX American Resources Co. will post 2.93 EPS for the current year.

REX American Resources announced that its Board of Directors has approved a stock repurchase program on Wednesday, March 26th that authorizes the company to buyback 1,500,000 outstanding shares. This buyback authorization authorizes the energy company to purchase shares of its stock through open market purchases. Stock buyback programs are generally a sign that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

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

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.