Victory Capital Management Inc. Increases Stock Holdings in REX American Resources Co. (NYSE:REX)

Victory Capital Management Inc. raised its stake in shares of REX American Resources Co. (NYSE:REX - Free Report) by 15.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 83,095 shares of the energy company's stock after purchasing an additional 11,386 shares during the quarter. Victory Capital Management Inc. owned about 0.47% of REX American Resources worth $3,846,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in REX. SG Americas Securities LLC purchased a new position in REX American Resources in the 1st quarter worth $139,000. Sei Investments Co. lifted its holdings in shares of REX American Resources by 226.9% during the first quarter. Sei Investments Co. now owns 14,034 shares of the energy company's stock worth $824,000 after purchasing an additional 9,741 shares during the period. US Bancorp DE lifted its holdings in shares of REX American Resources by 20.6% during the first quarter. US Bancorp DE now owns 6,481 shares of the energy company's stock worth $380,000 after purchasing an additional 1,106 shares during the period. State Board of Administration of Florida Retirement System boosted its position in REX American Resources by 146.2% in the first quarter. State Board of Administration of Florida Retirement System now owns 17,874 shares of the energy company's stock valued at $1,049,000 after buying an additional 10,613 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in REX American Resources by 6.0% in the 1st quarter. Vanguard Group Inc. now owns 1,201,410 shares of the energy company's stock worth $70,535,000 after buying an additional 68,211 shares during the period. Hedge funds and other institutional investors own 88.12% of the company's stock.

REX American Resources Trading Down 0.2 %

Shares of NYSE REX traded down $0.09 during trading on Friday, reaching $45.45. 109,061 shares of the company traded hands, compared to its average volume of 97,286. The stock has a market cap of $798.56 million, a P/E ratio of 11.56 and a beta of 0.94. The firm's fifty day simple moving average is $45.83 and its 200 day simple moving average is $47.06. REX American Resources Co. has a 12-month low of $36.40 and a 12-month high of $60.78.

REX American Resources (NYSE:REX - Get Free Report) last announced its quarterly earnings results on Tuesday, August 27th. The energy company reported $0.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.44 by $0.26. The company had revenue of $148.16 million during the quarter, compared to the consensus estimate of $146.00 million. REX American Resources had a return on equity of 11.69% and a net margin of 9.64%. During the same period in the previous year, the company posted $0.52 earnings per share. As a group, research analysts expect that REX American Resources Co. will post 2.6 EPS for the current year.

Analysts Set New Price Targets

Separately, Truist Financial dropped their price objective on shares of REX American Resources from $65.00 to $60.00 and set a "buy" rating on the stock in a report on Tuesday, August 27th.

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.