Barclays PLC Buys 1,049 Shares of Adams Resources & Energy, Inc. (NYSE:AE)

Barclays PLC lifted its stake in shares of Adams Resources & Energy, Inc. (NYSE:AE) by 118.5% in the 3rd quarter, HoldingsChannel reports. The firm owned 1,934 shares of the company’s stock after buying an additional 1,049 shares during the quarter. Barclays PLC’s holdings in Adams Resources & Energy were worth $52,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of the stock. Cerity Partners LLC increased its stake in shares of Adams Resources & Energy by 117.1% in the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after purchasing an additional 10,977 shares in the last quarter. Empowered Funds LLC boosted 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 buying an additional 938 shares during the period. Wittenberg Investment Management Inc. grew its stake in Adams Resources & Energy by 1.6% in the 3rd 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 in the last quarter. Round Hill Asset Management raised its holdings in 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 acquiring an additional 9,587 shares during the period. Finally, Bard Associates Inc. lifted its position in shares of Adams Resources & Energy by 13.1% during the third quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock worth $336,000 after acquiring an additional 1,443 shares in the last quarter. Institutional investors own 57.81% of the company’s stock.

Analysts Set New Price Targets

AE has been the subject of several recent research reports. B. Riley reiterated a “neutral” rating and issued a $38.00 price target (down from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday, November 13th. StockNews.com assumed coverage on Adams Resources & Energy in a report on Wednesday. They set a “buy” rating for the company.

Adams Resources & Energy Stock Up 0.3 %

Shares of NYSE:AE opened at $37.44 on Friday. The firm has a fifty day moving average price of $35.91 and a two-hundred day moving average price of $29.20. The company has a market cap of $96.37 million, a price-to-earnings ratio of -11.85 and a beta of 0.84. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. Adams Resources & Energy, Inc. has a one year low of $22.30 and a one year high of $37.90.

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 business had revenue of $695.16 million during the quarter, compared to the consensus estimate of $649.00 million. Analysts anticipate that Adams Resources & Energy, Inc. will post -2.65 EPS for the current fiscal year.

Adams Resources & Energy Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Friday, December 6th were given a dividend of $0.24 per share. The ex-dividend date was Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 2.56%. Adams Resources & Energy’s payout ratio is presently -30.38%.

Adams Resources & Energy 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.