Cubist Systematic Strategies LLC Purchases Shares of 11,989 REX American Resources Co. (NYSE:REX)

Cubist Systematic Strategies LLC purchased a new stake in shares of REX American Resources Co. (NYSE:REX) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 11,989 shares of the energy company’s stock, valued at approximately $500,000. Cubist Systematic Strategies LLC owned 0.07% of REX American Resources as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. AlphaQuest LLC bought a new stake in shares of REX American Resources during the 4th quarter valued at about $46,000. Ballentine Partners LLC bought a new stake in shares of REX American Resources during the 4th quarter valued at about $232,000. SG Americas Securities LLC grew its stake in shares of REX American Resources by 36.1% during the 4th quarter. SG Americas Securities LLC now owns 5,682 shares of the energy company’s stock valued at $237,000 after purchasing an additional 1,506 shares during the period. First Trust Advisors LP bought a new position in shares of REX American Resources during the 4th quarter valued at approximately $244,000. Finally, Ieq Capital LLC bought a new position in shares of REX American Resources during the 4th quarter valued at approximately $257,000. 88.12% of the stock is currently owned by institutional investors.

REX American Resources Stock Performance

REX opened at $42.55 on Friday. REX American Resources Co. has a fifty-two week low of $33.45 and a fifty-two week high of $59.91. The stock has a market cap of $707.01 million, a price-to-earnings ratio of 11.14 and a beta of 0.51. The firm’s fifty day moving average is $38.72 and its 200 day moving average is $41.13.

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

REX American Resources announced that its board has initiated a stock repurchase 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. Stock buyback programs are usually a sign that the company’s management believes its stock is undervalued.

Analysts Set New Price Targets

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

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.