B. Riley Reiterates Neutral Rating for Adams Resources & Energy (NYSE:AE)

Adams Resources & Energy (NYSE:AE - Get Free Report)'s stock had its "neutral" rating reaffirmed by stock analysts at B. Riley in a report released on Wednesday,Benzinga reports. They presently have a $38.00 target price on the stock, down from their prior target price of $45.00. B. Riley's price objective points to a potential upside of 2.54% from the stock's previous close.

Adams Resources & Energy Stock Performance

Shares of AE stock traded up $0.01 during trading hours on Wednesday, reaching $37.06. 60,408 shares of the company traded hands, compared to its average volume of 8,890. The firm has a 50-day moving average price of $26.10 and a 200 day moving average price of $26.18. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. Adams Resources & Energy has a 12-month low of $22.30 and a 12-month high of $37.90.

Hedge Funds Weigh In On Adams Resources & Energy

Several large investors have recently made changes to their positions in AE. 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 worth $576,000 after acquiring an additional 339 shares during the last quarter. Round Hill Asset Management boosted its holdings in shares of Adams Resources & Energy by 71.6% during the 3rd 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 during the last quarter. Cerity Partners LLC grew its position in shares of Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company's stock valued at $549,000 after purchasing an additional 10,977 shares in the last quarter. Empowered Funds LLC increased its holdings in shares of Adams Resources & Energy by 5.3% in the third quarter. Empowered Funds LLC now owns 18,542 shares of the company's stock worth $501,000 after purchasing an additional 938 shares during the last quarter. Finally, Bard Associates Inc. lifted 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 worth $336,000 after buying an additional 1,443 shares in the last quarter. 57.81% of the stock is currently owned by hedge funds and other institutional investors.

About Adams Resources & Energy

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.