Thrivent Financial for Lutherans Has $507,000 Stake in REX American Resources Co. (NYSE:REX)

Thrivent Financial for Lutherans lowered its holdings in REX American Resources Co. (NYSE:REX – Get Rating) by 2.0% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,923 shares of the energy company’s stock after selling 326 shares during the period. Thrivent Financial for Lutherans owned approximately 0.09% of REX American Resources worth $507,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in the stock. HighTower Advisors LLC bought a new stake in shares of REX American Resources during the 1st quarter worth approximately $267,000. Citigroup Inc. grew its position in REX American Resources by 47.0% in the first quarter. Citigroup Inc. now owns 6,957 shares of the energy company’s stock valued at $693,000 after acquiring an additional 2,224 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund acquired a new position in REX American Resources during the first quarter worth about $1,135,000. MetLife Investment Management LLC increased its position in REX American Resources by 55.7% during the 1st quarter. MetLife Investment Management LLC now owns 2,727 shares of the energy company’s stock worth $272,000 after purchasing an additional 975 shares in the last quarter. Finally, Panagora Asset Management Inc. boosted its position in REX American Resources by 193.8% in the first quarter. Panagora Asset Management Inc. now owns 12,468 shares of the energy company’s stock valued at $1,242,000 after buying an additional 8,224 shares in the last quarter. Institutional investors and hedge funds own 81.77% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com initiated coverage on REX American Resources in a report on Thursday, May 18th. They issued a “buy” rating for the company.

REX American Resources Stock Performance

Shares of NYSE REX opened at $35.22 on Friday. The stock has a market cap of $612.48 million, a P/E ratio of 22.43 and a beta of 0.92. The firm has a 50 day moving average price of $29.10 and a two-hundred day moving average price of $30.73. REX American Resources Co. has a 52-week low of $26.05 and a 52-week high of $36.31.

REX American Resources (NYSE:REX – Get Rating) last posted its quarterly earnings data on Thursday, March 23rd. The energy company reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.36 by $0.11. The business had revenue of $200.17 million during the quarter, compared to the consensus estimate of $210.00 million. REX American Resources had a return on equity of 5.51% and a net margin of 3.24%. Analysts predict that REX American Resources Co. will post 1.91 earnings per share for the current fiscal year.

About REX American Resources

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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.