Hennion & Walsh Asset Management Inc. Grows Position in REX American Resources Corporation $REX

Hennion & Walsh Asset Management Inc. grew its holdings in REX American Resources Corporation (NYSE:REX) by 183.8% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 29,341 shares of the energy company’s stock after buying an additional 19,004 shares during the period. Hennion & Walsh Asset Management Inc.’s holdings in REX American Resources were worth $948,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vanguard Group Inc. boosted its position in REX American Resources by 101.0% during the third quarter. Vanguard Group Inc. now owns 2,436,632 shares of the energy company’s stock worth $74,610,000 after acquiring an additional 1,224,274 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in REX American Resources by 89.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 2,152,938 shares of the energy company’s stock worth $65,923,000 after purchasing an additional 1,015,668 shares in the last quarter. Mangrove Partners IM LLC acquired a new position in shares of REX American Resources during the 3rd quarter worth approximately $16,123,000. American Century Companies Inc. boosted its holdings in shares of REX American Resources by 88.0% during the 3rd quarter. American Century Companies Inc. now owns 826,427 shares of the energy company’s stock worth $25,305,000 after purchasing an additional 386,947 shares during the last quarter. Finally, Invesco Ltd. grew its position in shares of REX American Resources by 140.8% in the third quarter. Invesco Ltd. now owns 408,857 shares of the energy company’s stock valued at $12,519,000 after purchasing an additional 239,043 shares in the last quarter. 88.12% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

REX has been the topic of a number of analyst reports. Weiss Ratings upgraded REX American Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Monday, March 2nd. Wall Street Zen upgraded REX American Resources from a “hold” rating to a “buy” rating in a report on Saturday, December 6th. One investment analyst has rated the stock with a Buy rating, According to MarketBeat, the company presently has an average rating of “Buy”.

REX American Resources Price Performance

NYSE:REX opened at $45.27 on Friday. The company’s 50-day moving average is $37.35 and its two-hundred day moving average is $34.15. REX American Resources Corporation has a 1-year low of $16.73 and a 1-year high of $48.66. The firm has a market capitalization of $1.49 billion, a price-to-earnings ratio of 18.11 and a beta of 0.61.

REX American Resources (NYSE:REX) last announced its quarterly earnings results on Thursday, March 26th. The energy company reported $1.32 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.14 by $1.18. REX American Resources had a net margin of 12.75% and a return on equity of 12.72%. The business had revenue of $157.96 million during the quarter, compared to the consensus estimate of $162.00 million. As a group, equities analysts anticipate that REX American Resources Corporation will post 2.93 earnings per share for the current fiscal year.

REX American Resources Profile

REX American Resources Corp. is a diversified agribusiness and renewable energy company headquartered in Kansas City, Missouri. Founded in 2005 through a reorganization of existing agricultural interests, the company focuses on two primary business segments: fuel ethanol production and specialty ingredient solutions. REX American Resources leverages its integrated operations to supply clean-burning fuel, animal feed co-products and sweetener ingredients to a broad customer base in North America and beyond.

In its alcohol fuels segment, the company operates an anhydrous ethanol production facility in Colwich, Kansas.