Semanteon Capital Management LP Invests $603,000 in REX American Resources Co. (NYSE:REX)

Semanteon Capital Management LP purchased a new stake in shares of REX American Resources Co. (NYSE:REX - Free Report) during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 14,460 shares of the energy company's stock, valued at approximately $603,000. Semanteon Capital Management LP owned 0.08% of REX American Resources as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently modified their holdings of REX. Illinois Municipal Retirement Fund grew its stake in 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 valued at $364,000 after acquiring an additional 245 shares in the last quarter. Principal Financial Group Inc. grew its position in shares of 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 purchasing an additional 432 shares in the last quarter. New York State Teachers Retirement System grew its position in shares of 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 valued at $491,000 after purchasing an additional 600 shares in the last quarter. FMR LLC increased its holdings 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 purchasing an additional 605 shares during the period. Finally, Diversified Trust Co raised its position 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 worth $228,000 after buying an additional 610 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

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REX American Resources Stock Performance

REX traded up $1.97 on Wednesday, reaching $38.58. The company had a trading volume of 198,566 shares, compared to its average volume of 151,697. REX American Resources Co. has a 52-week low of $35.40 and a 52-week high of $60.79. The company has a market cap of $677.81 million, a price-to-earnings ratio of 10.10 and a beta of 0.92. The business has a 50 day simple moving average of $39.93 and a 200 day simple moving average of $42.65.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings data on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.36. The company had revenue of $158.23 million for the quarter, compared to analysts' expectations of $163.00 million. REX American Resources had a return on equity of 11.05% and a net margin of 10.07%. During the same period last year, the firm posted $1.16 EPS. As a group, equities research analysts predict that REX American Resources Co. will post 2.93 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Separately, Truist Financial decreased their target price on REX American Resources from $60.00 to $55.00 and set a "buy" rating on the stock in a research note on Monday, December 9th.

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.