REX American Resources (NYSE:REX) Issues Quarterly Earnings Results

REX American Resources (NYSE:REX) posted its quarterly earnings results on Thursday. The energy company reported $1.32 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $1.18, FiscalAI reports. The business had revenue of $157.96 million during the quarter, compared to analyst estimates of $162.00 million. REX American Resources had a net margin of 7.73% and a return on equity of 7.89%.

REX American Resources Stock Up 5.4%

NYSE REX traded up $2.25 during trading hours on Thursday, reaching $43.63. The company’s stock had a trading volume of 24,030 shares, compared to its average volume of 182,087. REX American Resources has a 1 year low of $16.73 and a 1 year high of $43.21. The company has a market capitalization of $1.44 billion, a price-to-earnings ratio of 29.14 and a beta of 0.73. The firm’s 50-day moving average price is $35.94 and its 200-day moving average price is $33.54.

Hedge Funds Weigh In On REX American Resources

Several hedge funds have recently modified their holdings of REX. Dimensional Fund Advisors LP boosted its position in shares of REX American Resources by 89.3% during the third quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after acquiring an additional 1,015,668 shares during the last quarter. Geode Capital Management LLC increased its holdings in REX American Resources by 0.4% in the 4th quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock valued at $22,486,000 after acquiring an additional 2,647 shares during the last quarter. Invesco Ltd. lifted its stake in REX American Resources by 31.8% in the 4th quarter. Invesco Ltd. now owns 538,768 shares of the energy company’s stock worth $17,413,000 after purchasing an additional 129,911 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in REX American Resources by 8.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 473,821 shares of the energy company’s stock worth $15,314,000 after purchasing an additional 35,530 shares in the last quarter. Finally, Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of REX American Resources by 46.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 439,532 shares of the energy company’s stock valued at $13,458,000 after purchasing an additional 139,179 shares during the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on REX shares. Wall Street Zen upgraded shares of REX American Resources from a “hold” rating to a “buy” rating in a research note on Saturday, December 6th. Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Monday, March 2nd. Two research analysts have rated the stock with a Buy rating, According to data from MarketBeat.com, REX American Resources has a consensus rating of “Buy” and a consensus price target of $25.00.

REX American Resources Company Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.