REX American Resources (NYSE:REX) Lifted to B at TheStreet

TheStreet upgraded shares of REX American Resources (NYSE:REXGet Rating) from a c+ rating to a b rating in a research report sent to investors on Tuesday, TheStreetRatingsTable reports.

Several other analysts have also recently commented on REX. StockNews.com cut shares of REX American Resources from a strong-buy rating to a buy rating in a research note on Friday, June 3rd. Truist Financial dropped their target price on shares of REX American Resources from $120.00 to $115.00 in a research note on Thursday, April 7th.

NYSE REX opened at $83.11 on Tuesday. The stock has a market capitalization of $492.01 million, a PE ratio of 9.95 and a beta of 1.08. REX American Resources has a 1 year low of $72.06 and a 1 year high of $113.43. The business’s 50-day moving average is $87.62 and its 200 day moving average is $93.60.

REX American Resources’s stock is going to split on the morning of Monday, August 1st. The 3-1 split was announced on Monday, August 1st. The newly issued shares will be payable to shareholders after the closing bell on Monday, August 1st.

REX American Resources (NYSE:REXGet Rating) last released its earnings results on Wednesday, May 25th. The energy company reported $0.87 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.05. REX American Resources had a net margin of 6.18% and a return on equity of 10.03%. During the same quarter last year, the business earned $1.30 earnings per share. As a group, equities analysts anticipate that REX American Resources will post 7.13 EPS for the current year.

Hedge funds and other institutional investors have recently modified their holdings of the stock. Geode Capital Management LLC lifted its holdings in shares of REX American Resources by 3.0% during the 3rd quarter. Geode Capital Management LLC now owns 91,512 shares of the energy company’s stock worth $7,309,000 after acquiring an additional 2,628 shares during the period. Louisiana State Employees Retirement System acquired a new stake in REX American Resources in the fourth quarter valued at approximately $240,000. Brown Advisory Inc. grew its position in REX American Resources by 2.4% in the fourth quarter. Brown Advisory Inc. now owns 249,441 shares of the energy company’s stock valued at $23,947,000 after acquiring an additional 5,800 shares in the last quarter. Allspring Global Investments Holdings LLC acquired a new stake in REX American Resources in the fourth quarter valued at approximately $248,000. Finally, Yousif Capital Management LLC acquired a new position in REX American Resources during the 4th quarter worth $472,000. 81.03% of the stock is currently owned by hedge funds and other institutional investors.

About REX American Resources (Get Rating)

REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, the company provides dry distillers grains with solubles, which is used as a protein in animal feed.

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