REX American Resources (NYSE:REX) Announces Quarterly Earnings Results

REX American Resources (NYSE:REX) issued its quarterly earnings data on Thursday. The energy company reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.26 by $0.45, RTT News reports. REX American Resources had a net margin of 7.91% and a return on equity of 8.09%. The business had revenue of $175.63 million for the quarter, compared to analysts’ expectations of $169.00 million. During the same quarter last year, the company earned $1.38 EPS.

REX American Resources Price Performance

NYSE REX opened at $35.14 on Friday. REX American Resources has a 1-year low of $16.73 and a 1-year high of $36.50. The company has a market cap of $1.16 billion, a PE ratio of 23.82 and a beta of 0.73. The stock’s 50 day simple moving average is $32.14 and its 200-day simple moving average is $28.43.

Institutional Investors Weigh In On REX American Resources

A number of large investors have recently modified their holdings of the business. Dimensional Fund Advisors LP lifted its stake in shares of REX American Resources by 89.3% in the third quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after buying an additional 1,015,668 shares in the last quarter. Hotchkis & Wiley Capital Management LLC boosted its holdings in shares of REX American Resources by 46.3% during the 3rd quarter. Hotchkis & Wiley Capital Management LLC now owns 439,532 shares of the energy company’s stock worth $13,458,000 after purchasing an additional 139,179 shares during the last quarter. Invesco Ltd. boosted its holdings in shares of REX American Resources by 140.8% during the 3rd quarter. Invesco Ltd. now owns 408,857 shares of the energy company’s stock worth $12,519,000 after purchasing an additional 239,043 shares during the last quarter. Bridgeway Capital Management LLC increased its holdings in shares of REX American Resources by 79.0% in the third quarter. Bridgeway Capital Management LLC now owns 343,188 shares of the energy company’s stock valued at $10,508,000 after purchasing an additional 151,498 shares during the last quarter. Finally, Millennium Management LLC lifted its position in REX American Resources by 133.5% during the third quarter. Millennium Management LLC now owns 282,629 shares of the energy company’s stock worth $8,654,000 after buying an additional 161,596 shares in the last quarter. Hedge funds and other institutional investors own 88.12% of the company’s stock.

Analyst Ratings Changes

Separately, Weiss Ratings restated a “hold (c+)” rating on shares of REX American Resources in a research report on Wednesday, October 8th. One analyst has rated the stock with a Buy rating and one has issued a Hold rating to the company. Based on data from MarketBeat.com, REX American Resources presently has an average rating of “Moderate Buy” and a consensus target price of $25.00.

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.