REX American Resources (REX) Sets New 52-Week Low at $66.53

REX American Resources Corp (NYSE:REX) shares reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $66.53 and last traded at $66.64, with a volume of 258 shares changing hands. The stock had previously closed at $67.94.

Separately, TheStreet raised shares of REX American Resources from a “c+” rating to a “b” rating in a research report on Wednesday, August 29th.

The stock has a market cap of $437.11 million, a price-to-earnings ratio of 12.15 and a beta of 1.14.

REX American Resources (NYSE:REX) last released its earnings results on Tuesday, August 28th. The energy company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.21 by $0.22. The business had revenue of $128.76 million during the quarter. REX American Resources had a net margin of 10.60% and a return on equity of 8.52%.

A number of large investors have recently added to or reduced their stakes in the business. Public Employees Retirement System of Ohio increased its position in REX American Resources by 14.1% during the 2nd quarter. Public Employees Retirement System of Ohio now owns 5,399 shares of the energy company’s stock valued at $437,000 after purchasing an additional 669 shares during the period. Bank of New York Mellon Corp increased its position in REX American Resources by 0.9% during the 3rd quarter. Bank of New York Mellon Corp now owns 80,914 shares of the energy company’s stock valued at $6,112,000 after purchasing an additional 699 shares during the period. First Trust Advisors LP increased its position in REX American Resources by 15.7% during the 2nd quarter. First Trust Advisors LP now owns 6,424 shares of the energy company’s stock valued at $520,000 after purchasing an additional 873 shares during the period. California Public Employees Retirement System increased its position in REX American Resources by 2.7% during the 2nd quarter. California Public Employees Retirement System now owns 34,038 shares of the energy company’s stock valued at $2,756,000 after purchasing an additional 887 shares during the period. Finally, Principal Financial Group Inc. increased its position in REX American Resources by 2.1% during the 1st quarter. Principal Financial Group Inc. now owns 44,695 shares of the energy company’s stock valued at $3,254,000 after purchasing an additional 926 shares during the period. 85.95% of the stock is owned by institutional investors and hedge funds.

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REX American Resources Company Profile (NYSE:REX)

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol. It operates through two segments, Ethanol and By-Products, and Refined Coal. The company also offers dried distillers grains, modified distillers grains, and non-food grade corn oil. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed; and produces, processes, and sells refined coal.

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