Legal & General Group Plc Purchases Shares of 63,833 REX American Resources Corporation $REX

Legal & General Group Plc acquired a new position in REX American Resources Corporation (NYSE:REX) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 63,833 shares of the energy company’s stock, valued at approximately $2,882,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. BlackRock Inc. acquired a new position in shares of REX American Resources in the 2nd quarter valued at $255,640,000. Vanguard Group Inc. increased its holdings in REX American Resources by 3.8% in the fourth quarter. Vanguard Group Inc. now owns 2,529,944 shares of the energy company’s stock valued at $81,768,000 after buying an additional 93,312 shares in the last quarter. Dimensional Fund Advisors LP raised its position in shares of REX American Resources by 89.3% in 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 period. Mangrove Partners IM LLC raised its position in shares of REX American Resources by 92.8% in the fourth quarter. Mangrove Partners IM LLC now owns 1,015,234 shares of the energy company’s stock worth $32,812,000 after acquiring an additional 488,682 shares during the period. Finally, Geode Capital Management LLC boosted its stake in shares of REX American Resources by 0.4% during the 4th quarter. Geode Capital Management LLC now owns 695,670 shares of the energy company’s stock worth $22,486,000 after acquiring an additional 2,647 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on REX shares. Wall Street Zen upgraded REX American Resources from a “buy” rating to a “strong-buy” rating in a research report on Saturday. Weiss Ratings downgraded REX American Resources from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, August 24th. One research analyst has rated the stock with a Buy rating, According to data from MarketBeat.com, REX American Resources currently has an average rating of “Buy”.

REX American Resources Stock Performance

NYSE:REX opened at $41.51 on Friday. The company has a fifty day moving average of $44.29 and a two-hundred day moving average of $43.76. The stock has a market capitalization of $1.37 billion, a PE ratio of 11.37 and a beta of 0.63. REX American Resources Corporation has a fifty-two week low of $30.02 and a fifty-two week high of $53.36.

REX American Resources (NYSE:REX) last announced its earnings results on Wednesday, September 2nd. The energy company reported $1.06 EPS for the quarter, beating analysts’ consensus estimates of $0.42 by $0.64. REX American Resources had a return on equity of 16.90% and a net margin of 18.31%.The business had revenue of $168.49 million during the quarter, compared to analysts’ expectations of $194.81 million.

Insider Activity at REX American Resources

In other news, insider Stuart Rose sold 15,186 shares of the stock in a transaction dated Thursday, June 18th. The shares were sold at an average price of $43.64, for a total value of $662,717.04. Following the completion of the sale, the insider directly owned 573,094 shares in the company, valued at $25,009,822.16. This represents a 2.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 100,000 shares of company stock valued at $4,395,989 in the last ninety days. 13.21% of the stock is owned by corporate insiders.

About REX American Resources

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.