Adams Resources & Energy (NYSE:AE) Now Covered by StockNews.com

StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE) in a research note issued to investors on Thursday. The firm issued a buy rating on the stock.

Separately, B. Riley reaffirmed a “neutral” rating and set a $38.00 target price (down previously from $45.00) on shares of Adams Resources & Energy in a research note on Wednesday, November 13th.

Adams Resources & Energy Stock Down 0.2 %

Adams Resources & Energy stock opened at $37.41 on Thursday. The firm has a market cap of $96.14 million, a price-to-earnings ratio of -11.84 and a beta of 0.84. Adams Resources & Energy has a 52-week low of $22.30 and a 52-week high of $37.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. The firm has a 50 day moving average price of $37.09 and a two-hundred day moving average price of $29.67.

Adams Resources & Energy (NYSE:AE) last announced its earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.56) by ($1.20). Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. The firm had revenue of $695.16 million for the quarter, compared to the consensus estimate of $649.00 million. Equities analysts predict that Adams Resources & Energy will post -2.65 EPS for the current year.

Adams Resources & Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were paid a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a yield of 2.57%. The ex-dividend date was Friday, December 6th. Adams Resources & Energy’s dividend payout ratio is presently -30.38%.

Institutional Trading of Adams Resources & Energy

Several large investors have recently made changes to their positions in the company. Barclays PLC lifted its position in Adams Resources & Energy by 118.5% in the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after acquiring an additional 1,049 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Adams Resources & Energy by 8.3% in the third quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock valued at $679,000 after purchasing an additional 1,916 shares in the last quarter. Wittenberg Investment Management Inc. boosted its position in shares of Adams Resources & Energy by 1.6% during the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock valued at $576,000 after buying an additional 339 shares during the last quarter. Round Hill Asset Management grew its holdings in Adams Resources & Energy by 71.6% during the third quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock worth $620,000 after buying an additional 9,587 shares in the last quarter. Finally, Cerity Partners LLC raised its position in Adams Resources & Energy by 117.1% in the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock valued at $549,000 after buying an additional 10,977 shares during the last quarter. 57.81% of the stock is currently owned by institutional investors and hedge funds.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.