7. AFFORDABLE AND CLEAN ENERGY

REX American Resources (NYSE:REX) Stock Rating Reaffirmed by Truist Financial

Written by Amanda

REX American Resources logo with Oils/Energy background

Truist Financial reaffirmed their buy rating on shares of REX American Resources (NYSE:REXFree Report) in a research note published on Monday morning, Benzinga reports. They currently have a $58.00 price objective on the energy company’s stock.

Separately, StockNews.com raised REX American Resources from a hold rating to a buy rating in a report on Thursday, March 7th.

Read Our Latest Report on REX

REX American Resources Trading Up 0.2 %

Shares of REX American Resources stock traded up $0.10 on Monday, hitting $58.81. The stock had a trading volume of 385,407 shares, compared to its average volume of 128,855. REX American Resources has a 52-week low of $27.47 and a 52-week high of $60.32. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 16.92 and a beta of 1.07. The company’s 50 day moving average price is $43.91 and its 200 day moving average price is $41.98.

Institutional Trading of REX American Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in REX. HighTower Advisors LLC purchased a new stake in REX American Resources during the 1st quarter valued at approximately $267,000. Citigroup Inc. raised its stake in REX American Resources by 47.0% during the 1st 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 purchased a new stake in REX American Resources during the 1st quarter valued at approximately $1,135,000. MetLife Investment Management LLC raised its stake 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 valued at $272,000 after acquiring an additional 975 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in REX American Resources by 193.8% during the 1st quarter. Panagora Asset Management Inc. now owns 12,468 shares of the energy company’s stock valued at $1,242,000 after acquiring an additional 8,224 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Company Profile

(Get Free Report)

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.

Featured Stories

Before you consider REX American Resources, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and REX American Resources wasn’t on the list.

While REX American Resources currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

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Source: marketbeat.com

REX American Resources logo with Oils/Energy background

Truist Financial reaffirmed their buy rating on shares of REX American Resources (NYSE:REXFree Report) in a research note published on Monday morning, Benzinga reports. They currently have a $58.00 price objective on the energy company’s stock.

Separately, StockNews.com raised REX American Resources from a hold rating to a buy rating in a report on Thursday, March 7th.

Read Our Latest Report on REX

REX American Resources Trading Up 0.2 %

Shares of REX American Resources stock traded up $0.10 on Monday, hitting $58.81. The stock had a trading volume of 385,407 shares, compared to its average volume of 128,855. REX American Resources has a 52-week low of $27.47 and a 52-week high of $60.32. The stock has a market cap of $1.03 billion, a price-to-earnings ratio of 16.92 and a beta of 1.07. The company’s 50 day moving average price is $43.91 and its 200 day moving average price is $41.98.

Institutional Trading of REX American Resources

Several institutional investors and hedge funds have recently added to or reduced their stakes in REX. HighTower Advisors LLC purchased a new stake in REX American Resources during the 1st quarter valued at approximately $267,000. Citigroup Inc. raised its stake in REX American Resources by 47.0% during the 1st 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 purchased a new stake in REX American Resources during the 1st quarter valued at approximately $1,135,000. MetLife Investment Management LLC raised its stake 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 valued at $272,000 after acquiring an additional 975 shares during the last quarter. Finally, Panagora Asset Management Inc. raised its stake in REX American Resources by 193.8% during the 1st quarter. Panagora Asset Management Inc. now owns 12,468 shares of the energy company’s stock valued at $1,242,000 after acquiring an additional 8,224 shares during the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

REX American Resources Company Profile

(Get Free Report)

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.

Featured Stories

Before you consider REX American Resources, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and REX American Resources wasn’t on the list.

While REX American Resources currently has a “Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

These 7 Stocks Will Be Magnificent in 2024 Cover

With average gains of 150% since the start of 2023, now is the time to give these stocks a look and pump up your 2024 portfolio.

Get This Free Report

Source: marketbeat.com

About the author

Amanda

Hi there, I am Amanda and I work as an editor at impactinvesting.ai;  if you are interested in my services, please reach me at amanda.impactinvesting.ai

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