Lido Advisors LLC Buys 2,017 Shares of REX American Resources Co. (NYSE:REX)

Lido Advisors LLC grew its stake in REX American Resources Co. (NYSE:REX) by 44.8% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 6,522 shares of the energy company’s stock after acquiring an additional 2,017 shares during the quarter. Lido Advisors LLC’s holdings in REX American Resources were worth $272,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in REX. Illinois Municipal Retirement Fund raised its holdings in REX American Resources by 2.9% in the fourth quarter. Illinois Municipal Retirement Fund now owns 8,720 shares of the energy company’s stock worth $364,000 after purchasing an additional 245 shares in the last quarter. New York State Teachers Retirement System raised its stake in shares of REX American Resources by 5.4% during the 4th quarter. New York State Teachers Retirement System now owns 11,781 shares of the energy company’s stock worth $491,000 after acquiring an additional 600 shares in the last quarter. Diversified Trust Co lifted its position in REX American Resources by 12.5% during the fourth quarter. Diversified Trust Co now owns 5,471 shares of the energy company’s stock valued at $228,000 after acquiring an additional 610 shares during the last quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management boosted its stake in REX American Resources by 16.3% in the fourth quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 6,765 shares of the energy company’s stock valued at $282,000 after acquiring an additional 950 shares in the last quarter. Finally, AlphaQuest LLC purchased a new position in REX American Resources in the fourth quarter worth $46,000. 88.12% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Separately, Truist Financial reissued a “buy” rating and issued a $50.00 price objective (down previously from $55.00) on shares of REX American Resources in a research report on Thursday, March 27th.

REX American Resources Stock Down 1.3 %

REX opened at $39.76 on Wednesday. The firm’s 50-day moving average price is $38.11 and its 200-day moving average price is $41.27. The company has a market cap of $660.72 million, a P/E ratio of 10.41 and a beta of 0.51. REX American Resources Co. has a 52-week low of $33.45 and a 52-week high of $60.41.

REX American Resources (NYSE:REX) last announced its quarterly earnings data on Wednesday, March 26th. The energy company reported $0.63 earnings per share for the quarter, beating analysts’ consensus estimates of $0.27 by $0.36. The firm had revenue of $158.23 million for the quarter, compared to analyst estimates of $163.00 million. REX American Resources had a net margin of 10.07% and a return on equity of 11.05%. During the same period in the previous year, the company earned $1.16 earnings per share. On average, research analysts anticipate that REX American Resources Co. will post 2.93 EPS for the current fiscal year.

REX American Resources declared that its Board of Directors has initiated a stock buyback program on Wednesday, March 26th that allows the company to buyback 1,500,000 shares. This buyback authorization allows the energy company to reacquire shares of its stock through open market purchases. Shares buyback programs are usually an indication that the company’s board of directors believes its stock is undervalued.

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.