Aviva PLC lifted its stake in REX American Resources Co. (NYSE:REX – Free Report) by 43.0% in the 1st quarter, Holdings Channel.com reports. The firm owned 46,231 shares of the energy company’s stock after purchasing an additional 13,900 shares during the period. Aviva PLC’s holdings in REX American Resources were worth $1,322,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. increased its position in REX American Resources by 194.4% during the third quarter. BlackRock Inc. now owns 2,690,593 shares of the energy company’s stock worth $75,121,000 after purchasing an additional 1,776,751 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in REX American Resources by 0.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,450,926 shares of the energy company’s stock worth $46,227,000 after acquiring an additional 5,058 shares during the last quarter. Vanguard Group Inc. increased its stake in REX American Resources by 196.5% during the third quarter. Vanguard Group Inc. now owns 1,235,009 shares of the energy company’s stock worth $34,482,000 after acquiring an additional 818,479 shares during the last quarter. State Street Corp increased its stake in REX American Resources by 180.4% during the third quarter. State Street Corp now owns 854,961 shares of the energy company’s stock worth $23,871,000 after acquiring an additional 550,029 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in REX American Resources by 2.6% during the fourth quarter. Geode Capital Management LLC now owns 287,923 shares of the energy company’s stock worth $9,173,000 after acquiring an additional 7,275 shares during the last quarter. 79.55% of the stock is currently owned by institutional investors and hedge funds.
Insider Activity at REX American Resources
In related news, CFO Douglas Bruggeman sold 2,414 shares of REX American Resources stock in a transaction that occurred on Friday, July 7th. The shares were sold at an average price of $35.09, for a total value of $84,707.26. Following the completion of the transaction, the chief financial officer now owns 90,605 shares in the company, valued at $3,179,329.45. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 12.20% of the company’s stock.
Wall Street Analysts Forecast Growth
View Our Latest Stock Report on REX
REX American Resources Trading Up 1.8 %
Shares of NYSE REX opened at $38.99 on Friday. REX American Resources Co. has a twelve month low of $26.05 and a twelve month high of $41.63. The stock has a fifty day simple moving average of $36.82 and a 200-day simple moving average of $33.04. The stock has a market capitalization of $682.48 million, a PE ratio of 26.52 and a beta of 0.92.
REX American Resources (NYSE:REX – Get Free Report) last issued its quarterly earnings data on Wednesday, August 30th. The energy company reported $0.52 earnings per share for the quarter, missing analysts’ consensus estimates of $0.87 by ($0.35). REX American Resources had a net margin of 3.03% and a return on equity of 4.97%. The firm had revenue of $211.98 million during the quarter, compared to analyst estimates of $186.00 million. During the same period in the previous year, the firm posted $0.63 earnings per share. On average, equities analysts predict that REX American Resources Co. will post 3.07 earnings per share for the current year.
About REX American Resources
REX American Resources Corporation, together with its subsidiaries, produces and sells ethanol in the United States. The company also offers corn, distillers grains, non-food grade corn oil, gasoline, and natural gas. In addition, it provides dry distillers grains with solubles, which is used as a protein in animal feed.
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