Prudential Financial Inc. Has $1.09 Million Position in REX American Resources Co. (NYSE:REX)

Prudential Financial Inc. raised its stake in REX American Resources Co. (NYSE:REX) by 96.7% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 12,046 shares of the energy company’s stock after acquiring an additional 5,922 shares during the period. Prudential Financial Inc.’s holdings in REX American Resources were worth $1,086,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in REX. First Trust Advisors LP lifted its stake in REX American Resources by 2.0% in the first quarter. First Trust Advisors LP now owns 10,472 shares of the energy company’s stock valued at $844,000 after buying an additional 206 shares in the last quarter. Goldman Sachs Group Inc. lifted its stake in REX American Resources by 107.2% in the first quarter. Goldman Sachs Group Inc. now owns 16,012 shares of the energy company’s stock valued at $1,348,000 after buying an additional 8,286 shares in the last quarter. Nuveen Asset Management LLC lifted its stake in REX American Resources by 1.6% in the first quarter. Nuveen Asset Management LLC now owns 25,636 shares of the energy company’s stock valued at $2,157,000 after buying an additional 416 shares in the last quarter. Captrust Financial Advisors bought a new position in REX American Resources in the first quarter valued at approximately $28,000. Finally, AQR Capital Management LLC bought a new position in REX American Resources in the first quarter valued at approximately $201,000. 82.24% of the stock is currently owned by hedge funds and other institutional investors.

Shares of REX American Resources stock opened at $92.83 on Thursday. The company has a market capitalization of $554.29 million, a price-to-earnings ratio of 20.01 and a beta of 1.11. REX American Resources Co. has a 12-month low of $72.06 and a 12-month high of $116.86. The firm’s 50-day moving average price is $85.61 and its two-hundred day moving average price is $85.21.

REX American Resources (NYSE:REX) last issued its quarterly earnings data on Tuesday, August 31st. The energy company reported $1.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.94 by $0.37. The business had revenue of $195.84 million during the quarter, compared to analyst estimates of $193.00 million. REX American Resources had a net margin of 4.60% and a return on equity of 6.33%. On average, research analysts forecast that REX American Resources Co. will post 6.92 earnings per share for the current year.

Separately, Zacks Investment Research lowered shares of REX American Resources from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, October 27th.

REX American Resources Profile

REX American Resources Corp. is a holding company, which engages in the investment in alternative energy and ethanol production entities. It operates through the following segments: Ethanol and By-products and Refined Coal. The Ethanol and By-products segment refers to the equity investments in three ethanol limited liability companies.

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Institutional Ownership by Quarter for REX American Resources (NYSE:REX)

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