Shares of REX American Resources Co. (NYSE:REX – Get Free Report) fell 5.8% during trading on Tuesday after Truist Financial lowered their price target on the stock from $65.00 to $60.00. Truist Financial currently has a buy rating on the stock. REX American Resources traded as low as $44.76 and last traded at $44.76. 43,617 shares traded hands during trading, a decline of 73% from the average session volume of 161,702 shares. The stock had previously closed at $47.50.
Separately, StockNews.com lowered shares of REX American Resources from a “buy” rating to a “hold” rating in a research report on Thursday, May 23rd.
Institutional Trading of REX American Resources
A number of large investors have recently made changes to their positions in REX. Creative Planning boosted its holdings in shares of REX American Resources by 12.9% during the second quarter. Creative Planning now owns 8,018 shares of the energy company’s stock worth $366,000 after purchasing an additional 913 shares during the last quarter. The Manufacturers Life Insurance Company grew its holdings in REX American Resources by 3.9% in the 2nd quarter. The Manufacturers Life Insurance Company now owns 6,134 shares of the energy company’s stock valued at $280,000 after buying an additional 231 shares during the period. Millennium Management LLC increased its stake in shares of REX American Resources by 61.4% during the 2nd quarter. Millennium Management LLC now owns 102,893 shares of the energy company’s stock valued at $4,691,000 after acquiring an additional 39,126 shares during the last quarter. AQR Capital Management LLC lifted its holdings in shares of REX American Resources by 440.6% during the 2nd quarter. AQR Capital Management LLC now owns 86,140 shares of the energy company’s stock worth $3,927,000 after acquiring an additional 70,207 shares during the period. Finally, Magnetar Financial LLC acquired a new stake in shares of REX American Resources in the second quarter worth approximately $286,000. Institutional investors and hedge funds own 88.12% of the company’s stock.
REX American Resources Price Performance
The stock has a market cap of $788.03 million, a price-to-earnings ratio of 11.94 and a beta of 0.96. The firm’s 50-day moving average is $45.92 and its 200 day moving average is $49.03.
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, 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.