REX American Resources Corporation (REX) Shares Bought by Bank of America Corp DE

Bank of America Corp DE boosted its position in shares of REX American Resources Corporation (NYSE:REX) by 387.5% during the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,829 shares of the energy company’s stock after buying an additional 11,787 shares during the period. Bank of America Corp DE owned approximately 0.23% of REX American Resources Corporation worth $1,342,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in REX. Mason Street Advisors LLC boosted its position in shares of REX American Resources Corporation by 7.0% in the first quarter. Mason Street Advisors LLC now owns 1,324 shares of the energy company’s stock worth $120,000 after buying an additional 87 shares during the last quarter. SG Americas Securities LLC boosted its position in shares of REX American Resources Corporation by 17.9% in the first quarter. SG Americas Securities LLC now owns 1,743 shares of the energy company’s stock worth $158,000 after buying an additional 265 shares during the last quarter. PNC Financial Services Group Inc. boosted its position in shares of REX American Resources Corporation by 1.5% in the first quarter. PNC Financial Services Group Inc. now owns 1,933 shares of the energy company’s stock worth $175,000 after buying an additional 28 shares during the last quarter. Victory Capital Management Inc. boosted its position in shares of REX American Resources Corporation by 73.2% in the first quarter. Victory Capital Management Inc. now owns 2,013 shares of the energy company’s stock worth $182,000 after buying an additional 851 shares during the last quarter. Finally, Thrivent Financial For Lutherans boosted its position in shares of REX American Resources Corporation by 3.9% in the first quarter. Thrivent Financial For Lutherans now owns 3,180 shares of the energy company’s stock worth $288,000 after buying an additional 120 shares during the last quarter. 91.50% of the stock is owned by institutional investors and hedge funds.

REX American Resources Corporation (REX) traded up 1.26% during midday trading on Friday, hitting $91.31. The company had a trading volume of 7,845 shares. REX American Resources Corporation has a 52-week low of $72.07 and a 52-week high of $107.87. The stock’s 50-day moving average price is $96.83 and its 200-day moving average price is $91.61. The stock has a market cap of $598.81 million, a PE ratio of 17.68 and a beta of 1.59.

REX American Resources Corporation (NYSE:REX) last announced its quarterly earnings results on Wednesday, May 24th. The energy company reported $0.69 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.21 by $0.52. REX American Resources Corporation had a return on equity of 8.96% and a net margin of 7.29%. The firm had revenue of $113.14 million for the quarter. On average, equities research analysts expect that REX American Resources Corporation will post $4.62 EPS for the current fiscal year.

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Separately, BidaskClub cut REX American Resources Corporation from a “strong-buy” rating to a “buy” rating in a report on Wednesday, July 12th.

About REX American Resources Corporation

Rex American Resources Corporation is a holding company. As of January 31, 2017, the Company had invested in three ethanol production entities. It operates through alternative energy segment. As of January 31, 2017, the Company’s ethanol investments include One Earth Energy, LLC (One Earth), NuGen Energy, LLC (NuGen) and Big River Resources, LLC (Big River).

Institutional Ownership by Quarter for REX American Resources Corporation (NYSE:REX)

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