Victory Capital Management Inc. Has $410,000 Holdings in REX American Resources Co. (NYSE:REX)

Victory Capital Management Inc. trimmed its position in shares of REX American Resources Co. (NYSE:REX) by 5.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,660 shares of the energy company’s stock after selling 504 shares during the period. Victory Capital Management Inc.’s holdings in REX American Resources were worth $410,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC grew its position in shares of REX American Resources by 84.5% in the 3rd quarter. Allspring Global Investments Holdings LLC now owns 893 shares of the energy company’s stock valued at $36,000 after buying an additional 409 shares during the last quarter. Arizona State Retirement System bought a new position in shares of REX American Resources during the fourth quarter valued at about $208,000. Hsbc Holdings PLC bought a new position in shares of REX American Resources in the 3rd quarter worth approximately $244,000. Tower Research Capital LLC TRC boosted its holdings in REX American Resources by 172.5% in the third quarter. Tower Research Capital LLC TRC now owns 8,341 shares of the energy company’s stock worth $340,000 after acquiring an additional 5,280 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new position in REX American Resources in the 4th quarter valued at approximately $359,000. 88.12% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several analysts have recently commented on the stock. Truist Financial restated a “buy” rating and set a $70.00 price objective (up from $58.00) on shares of REX American Resources in a research report on Friday, April 12th. StockNews.com downgraded REX American Resources from a “buy” rating to a “hold” rating in a research report on Thursday.

REX American Resources Stock Up 0.6 %

Shares of NYSE REX opened at $56.02 on Friday. REX American Resources Co. has a 52-week low of $31.96 and a 52-week high of $60.78. The stock’s fifty day simple moving average is $55.17 and its 200 day simple moving average is $47.11. The stock has a market capitalization of $980.35 million, a price-to-earnings ratio of 14.94 and a beta of 1.08.

REX American Resources (NYSE:REX) last announced its earnings results on Thursday, March 28th. The energy company reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.71 by $0.45. The company had revenue of $187.61 million for the quarter, compared to analyst estimates of $170.00 million. REX American Resources had a return on equity of 11.53% and a net margin of 8.43%. As a group, analysts anticipate that REX American Resources Co. will post 1.77 earnings per share for the current year.

Insider Buying and Selling at REX American Resources

In other news, CFO Douglas Bruggeman sold 2,000 shares of the stock in a transaction that occurred on Tuesday, April 2nd. The stock was sold at an average price of $59.60, for a total transaction of $119,200.00. Following the completion of the sale, the chief financial officer now owns 88,605 shares of the company’s stock, valued at $5,280,858. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, insider Stuart A. Rose sold 4,943 shares of the company’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of $58.57, for a total transaction of $289,511.51. Following the sale, the insider now owns 1,487,362 shares of the company’s stock, valued at $87,114,792.34. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CFO Douglas Bruggeman sold 2,000 shares of REX American Resources stock in a transaction dated Tuesday, April 2nd. The shares were sold at an average price of $59.60, for a total value of $119,200.00. Following the completion of the transaction, the chief financial officer now owns 88,605 shares of the company’s stock, valued at approximately $5,280,858. The disclosure for this sale can be found here. Insiders have sold 111,984 shares of company stock valued at $6,643,493 in the last 90 days. 11.68% of the stock is currently owned by company insiders.

REX American Resources 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.