Axa S.A. Raises Stock Holdings in REX American Resources Co. (NYSE:REX)

Posted by on Mar 1st, 2023

Axa S.A. increased its position in REX American Resources Co. (NYSE:REX – Get Rating) by 200.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,625 shares of the energy company’s stock after buying an additional 13,750 shares during the quarter. Axa S.A. owned 0.12% of REX American Resources worth $576,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Tower Research Capital LLC TRC boosted its stake in REX American Resources by 185.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 889 shares of the energy company’s stock worth $25,000 after purchasing an additional 578 shares in the last quarter. Metropolitan Life Insurance Co NY boosted its stake in REX American Resources by 200.0% in the 3rd quarter. Metropolitan Life Insurance Co NY now owns 966 shares of the energy company’s stock worth $27,000 after purchasing an additional 644 shares during the period. KBC Group NV boosted its stake in REX American Resources by 200.0% in the 3rd quarter. KBC Group NV now owns 1,377 shares of the energy company’s stock worth $38,000 after purchasing an additional 918 shares during the period. Evoke Wealth LLC boosted its stake in REX American Resources by 200.0% in the 3rd quarter. Evoke Wealth LLC now owns 1,686 shares of the energy company’s stock worth $47,000 after purchasing an additional 1,124 shares during the period. Finally, Signaturefd LLC boosted its position in shares of REX American Resources by 197.9% during the 3rd quarter. Signaturefd LLC now owns 1,668 shares of the energy company’s stock valued at $47,000 after acquiring an additional 1,108 shares during the last quarter. 81.77% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Stock Performance

NYSE REX opened at $33.01 on Wednesday. The company has a market capitalization of $574.04 million, a P/E ratio of 14.33 and a beta of 0.97. REX American Resources Co. has a one year low of $26.05 and a one year high of $36.31. The stock has a 50 day moving average price of $31.86 and a 200-day moving average price of $30.66.

REX American Resources (NYSE:REX – Get Rating) last issued its quarterly earnings results on Thursday, December 1st. The energy company reported $0.18 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.12 by $0.06. REX American Resources had a return on equity of 8.21% and a net margin of 4.73%. The company had revenue of $220.28 million during the quarter, compared to the consensus estimate of $210.00 million. As a group, equities analysts predict that REX American Resources Co. will post 1.46 EPS for the current fiscal year.

REX American Resources Company Profile

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

Further Reading

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

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