Pinnacle Wealth Management LLC Purchases Shares of 28,366 REX American Resources Co. (NYSE:REX)

Pinnacle Wealth Management LLC purchased a new stake in REX American Resources Co. (NYSE:REX) during the second quarter, according to the company in its most recent filing with the SEC. The firm purchased 28,366 shares of the energy company’s stock, valued at approximately $1,293,000. REX American Resources comprises 1.6% of Pinnacle Wealth Management LLC’s investment portfolio, making the stock its 29th biggest position. Pinnacle Wealth Management LLC owned about 0.16% of REX American Resources at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in REX. AJOVista LLC acquired a new position in shares of REX American Resources in the 4th quarter valued at $29,000. CWM LLC boosted its holdings in shares of REX American Resources by 1,944.1% in the 2nd quarter. CWM LLC now owns 1,206 shares of the energy company’s stock valued at $55,000 after purchasing an additional 1,147 shares during the last quarter. EntryPoint Capital LLC acquired a new position in shares of REX American Resources in the 1st quarter valued at $133,000. SG Americas Securities LLC acquired a new position in shares of REX American Resources in the 1st quarter valued at $139,000. Finally, Allspring Global Investments Holdings LLC lifted its holdings in shares of REX American Resources by 163.0% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 2,554 shares of the energy company’s stock valued at $150,000 after acquiring an additional 1,583 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.

REX American Resources Stock Performance

Shares of NYSE:REX traded down $0.50 during midday trading on Friday, hitting $45.35. 151,146 shares of the company’s stock traded hands, compared to its average volume of 162,461. The company has a market cap of $793.81 million, a PE ratio of 12.09 and a beta of 0.96. The firm’s fifty day moving average price is $45.94 and its two-hundred day moving average price is $48.99. REX American Resources Co. has a twelve month low of $35.73 and a twelve month high of $60.78.

REX American Resources (NYSE:REX) last issued its quarterly earnings data on Tuesday, August 27th. The energy company reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.44 by $0.26. REX American Resources had a net margin of 8.43% and a return on equity of 11.53%. The firm had revenue of $148.16 million for the quarter, compared to analyst estimates of $146.00 million. During the same quarter in the previous year, the business posted $0.52 EPS. As a group, equities research analysts anticipate that REX American Resources Co. will post 1.79 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on REX. Truist Financial reduced their target price on shares of REX American Resources from $65.00 to $60.00 and set a “buy” rating on the stock in a report on Tuesday. StockNews.com lowered shares of REX American Resources from a “buy” rating to a “hold” rating in a report on Thursday, May 23rd.

REX American Resources Company 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.