Russell Investments Group Ltd. Trims Holdings in REX American Resources Co. (NYSE:REX)

Russell Investments Group Ltd. lowered its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 23.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 40,535 shares of the energy company's stock after selling 12,633 shares during the period. Russell Investments Group Ltd. owned about 0.23% of REX American Resources worth $1,690,000 at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. Wells Fargo & Company MN lifted its holdings in REX American Resources by 26.9% in the fourth quarter. Wells Fargo & Company MN now owns 8,955 shares of the energy company's stock valued at $373,000 after acquiring an additional 1,897 shares during the period. Trexquant Investment LP boosted its holdings in REX American Resources by 177.4% during the fourth quarter. Trexquant Investment LP now owns 71,037 shares of the energy company's stock worth $2,962,000 after buying an additional 45,425 shares in the last quarter. Geode Capital Management LLC grew its position in REX American Resources by 0.8% during the fourth quarter. Geode Capital Management LLC now owns 368,638 shares of the energy company's stock valued at $15,372,000 after buying an additional 2,858 shares during the period. Brandywine Global Investment Management LLC increased its holdings in REX American Resources by 382.0% in the fourth quarter. Brandywine Global Investment Management LLC now owns 59,530 shares of the energy company's stock valued at $2,482,000 after buying an additional 47,180 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its position in shares of REX American Resources by 19.0% in the fourth quarter. JPMorgan Chase & Co. now owns 123,419 shares of the energy company's stock worth $5,145,000 after acquiring an additional 19,686 shares during the period. Hedge funds and other institutional investors own 88.12% of the company's stock.

Wall Street Analysts Forecast Growth

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

REX American Resources Trading Up 1.2 %

NYSE:REX traded up $0.46 during trading hours on Monday, reaching $40.43. 148,478 shares of the company were exchanged, compared to its average volume of 156,079. REX American Resources Co. has a twelve month low of $33.45 and a twelve month high of $60.41. The stock's 50-day moving average is $38.40 and its 200-day moving average is $41.66. The firm has a market cap of $687.84 million, a PE ratio of 10.58 and a beta of 0.69.

REX American Resources (NYSE:REX - Get Free Report) last released 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 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 analyst estimates of $163.00 million. During the same quarter in the prior year, the firm earned $1.16 earnings per share. As a group, research analysts anticipate that REX American Resources Co. will post 2.93 EPS for the current year.

REX American Resources declared that its board has authorized a stock repurchase plan on Wednesday, March 26th that permits the company to repurchase 1,500,000 outstanding shares. This repurchase authorization permits the energy company to purchase shares of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board of directors believes its stock is 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.