According to the Texas Permanent School Fund’s most recent Form 13F filing with the Securities and Exchange Commission, the fund’s holdings in REX American Resources Co. (NYSE: REX) increased by 200.4% during the third quarter. This information was provided by the fund (SEC). The institutional investor now has a total of 11,311 shares of ownership in the company after purchasing an additional 7,546 shares of the energy firm’s stock during this period. According to the most recent filing that was made with the SEC, the Texas Permanent School Fund owned 0.06% of REX American Resources. REX American Resources was valued at 316,000 dollars at the time of the filing.
Recently, hedge funds and other institutional investors modified the amount of the company’s stock that they held in their portfolios. This adjustment was made in response to recent market events. KBC Group NV increased its overall holdings in REX American Resources by making an additional investment during the second quarter totaling approximately $39,000. This brought the total value of its holdings in the company to Captrust Financial Advisors and increased the percentage of REX American Resources in which it is invested by 40.5% over the first three months of 2018. After making an additional purchase of 145 shares during the most recent quarter, Captrust Financial Advisors now possesses 503 of the energy company’s stock. Each share is worth $50,000, and the firm’s holdings are worth $50,000. The Louisiana State Employees Retirement System made a total investment of $209,000 in REX American Resources during the third quarter of the fiscal year. The State Board of Administration for the Florida Retirement System put approximately 213,000 dollars into a new holding established in REX American Resources during the second quarter of the fiscal year. In the first three months of this year, Delphia USA Inc. acquired a new stake in REX American Resources that was estimated to be worth approximately $215,000 at the time of the transaction. At present, institutional investors own 81.77 percent of the equity in the company.
Separately, on October 12 of this year, StockNews.com launched coverage of REX American Resources shares for the first time. They recommended purchasing shares of the company as a whole.
On Tuesday, REX started trading for $32.18. The low point for REX American Resources Co. over the past year is $26.05, while the company’s high point over the past year is $36.49. The company’s P/E ratio is 13.97, and its beta value is 0.95. The market capitalization of the company is currently sitting at $559.61 million at the moment. The moving average for the stock over the past 50 days is $30.88, and the moving average for the past 200 days is $32.41.
On December 1, the most recent quarterly earnings report for REX American Resources (NYSE: REX) was made available to the public. The energy company’s quarterly earnings per share came in at $0.18, which is $0.06 more than the average projection of $0.12 per share. The average projection was $0.12 per share. The positive results of REX American Resources’s performance can be seen in the company’s high net margin of 4.73% and return on equity of 8.21%. The company’s sales for the quarter came in at $220.28 million, which is significantly higher than the general projection of $210.00 million made by investors and analysts alike. The projections of market analysts suggest that REX American Resources Company will generate profits per share of $1.46 during the current fiscal year.
In the United States, the production and distribution of ethanol can be attributed to REX American Resources Corporation and the various companies that fall under its umbrella. In addition, the company trades corn, distillers grains, corn oil that is unfit for human consumption, gasoline, and natural gas. Additionally, the business provides dry distillers grains with solubles, a type of grain utilized as a source of protein in animal feed. These solubles are added to the grain during the distillation process.