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StockNews.com Begins Coverage on Adams Resources & Energy (NYSE:AE)

Adams Resources & Energy logo with Oils/Energy background

StockNews.com initiated coverage on shares of Adams Resources & Energy (NYSE:AE - Free Report) in a report released on Wednesday morning. The brokerage issued a buy rating on the stock.

Separately, B. Riley reaffirmed a "neutral" rating and issued a $38.00 price target (down from $45.00) on shares of Adams Resources & Energy in a report on Wednesday, November 13th.

Get Our Latest Analysis on Adams Resources & Energy

Adams Resources & Energy Stock Up 0.3 %

Shares of Adams Resources & Energy stock traded up $0.13 during trading on Wednesday, reaching $37.44. The company's stock had a trading volume of 9,264 shares, compared to its average volume of 10,113. Adams Resources & Energy has a 1-year low of $22.30 and a 1-year high of $37.90. The company has a 50-day simple moving average of $35.51 and a two-hundred day simple moving average of $29.09. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The company has a market cap of $96.37 million, a price-to-earnings ratio of -11.85 and a beta of 0.84.

Adams Resources & Energy (NYSE:AE - Get Free Report) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $695.16 million during the quarter, compared to analyst estimates of $649.00 million. As a group, equities analysts forecast that Adams Resources & Energy will post -2.65 earnings per share for the current year.

Adams Resources & Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were paid a dividend of $0.24 per share. The ex-dividend date was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.56%. Adams Resources & Energy's payout ratio is -30.38%.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bard Associates Inc. increased its position in shares of Adams Resources & Energy by 13.1% in the third quarter. Bard Associates Inc. now owns 12,438 shares of the company's stock valued at $336,000 after buying an additional 1,443 shares in the last quarter. Empowered Funds LLC increased its holdings in Adams Resources & Energy by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company's stock worth $501,000 after acquiring an additional 938 shares in the last quarter. Cerity Partners LLC raised its position in Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company's stock worth $549,000 after acquiring an additional 10,977 shares during the period. Round Hill Asset Management lifted 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 valued at $620,000 after purchasing an additional 9,587 shares in the last quarter. Finally, Wittenberg Investment Management Inc. grew its position in shares of Adams Resources & Energy by 1.6% in the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company's stock valued at $576,000 after purchasing an additional 339 shares during the period. Hedge funds and other institutional investors own 57.81% of the company's stock.

Adams Resources & Energy Company Profile

(Get Free Report)

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.

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