Teacher Retirement System of Texas Purchases 22,468 Shares of REX American Resources Co. (NYSE:REX)

Teacher Retirement System of Texas raised its position in REX American Resources Co. (NYSE:REX) by 104.6% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 43,946 shares of the energy company’s stock after acquiring an additional 22,468 shares during the period. Teacher Retirement System of Texas owned about 0.25% of REX American Resources worth $1,832,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Intech Investment Management LLC acquired a new position in shares of REX American Resources in the third quarter valued at $213,000. Cerity Partners LLC increased its holdings in REX American Resources by 26.3% in the 3rd quarter. Cerity Partners LLC now owns 10,190 shares of the energy company’s stock valued at $472,000 after buying an additional 2,122 shares during the period. FMR LLC raised its stake in shares of REX American Resources by 34.8% in the 3rd quarter. FMR LLC now owns 2,345 shares of the energy company’s stock valued at $109,000 after buying an additional 605 shares in the last quarter. BNP Paribas Financial Markets lifted its holdings in shares of REX American Resources by 9.6% during the 3rd quarter. BNP Paribas Financial Markets now owns 10,353 shares of the energy company’s stock worth $479,000 after acquiring an additional 904 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its position in shares of REX American Resources by 6.9% during the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 32,103 shares of the energy company’s stock valued at $1,486,000 after acquiring an additional 2,075 shares in the last quarter. Institutional investors own 88.12% of the company’s stock.

Analysts Set New Price Targets

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

REX American Resources Price Performance

Shares of REX stock opened at $39.47 on Friday. The stock’s fifty day simple moving average is $39.80 and its 200 day simple moving average is $42.60. REX American Resources Co. has a one year low of $35.40 and a one year high of $60.79. The firm has a market cap of $693.44 million, a price-to-earnings ratio of 10.33 and a beta of 0.92.

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

REX American Resources announced that its board has authorized a stock buyback program on Wednesday, March 26th that permits the company to buyback 1,500,000 shares. This buyback authorization permits the energy company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management 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.