REX American Resources (NYSE:REX – Free Report) had its price objective lowered by Truist Financial from $65.00 to $60.00 in a report released on Tuesday morning, Benzinga reports. Truist Financial currently has a buy rating on the energy company’s stock.
Separately, StockNews.com cut shares of REX American Resources from a buy rating to a hold rating in a report on Thursday, May 23rd.
Read Our Latest Analysis on REX American Resources
REX American Resources Price Performance
Shares of REX American Resources stock traded down $2.65 on Tuesday, hitting $44.85. The company had a trading volume of 210,415 shares, compared to its average volume of 162,713. The business has a 50-day simple moving average of $45.92 and a 200-day simple moving average of $49.03. The company has a market cap of $785.05 million, a PE ratio of 11.96 and a beta of 0.96. REX American Resources has a 52 week low of $35.73 and a 52 week high of $60.78.
Hedge Funds Weigh In On REX American Resources
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in REX. Louisiana State Employees Retirement System acquired a new position in REX American Resources in the 4th quarter worth approximately $359,000. Illinois Municipal Retirement Fund boosted its stake in REX American Resources by 14.0% in the 4th quarter. Illinois Municipal Retirement Fund now owns 10,463 shares of the energy company’s stock worth $495,000 after purchasing an additional 1,286 shares during the period. Russell Investments Group Ltd. boosted its stake in REX American Resources by 96.3% in the 4th quarter. Russell Investments Group Ltd. now owns 67,858 shares of the energy company’s stock worth $3,210,000 after purchasing an additional 33,298 shares during the period. AJOVista LLC purchased a new stake in REX American Resources in the 4th quarter worth approximately $29,000. Finally, Charles Schwab Investment Management Inc. lifted its position in REX American Resources by 4.4% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 127,762 shares of the energy company’s stock worth $6,043,000 after buying an additional 5,433 shares in the last quarter. Institutional investors and hedge funds own 88.12% of the company’s stock.
REX American Resources Company 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.
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