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

StockNews.com started coverage on shares of Adams Resources & Energy (NYSE:AE) in a research note published on Sunday morning. The firm issued a buy rating on the stock.

Separately, B. Riley reissued 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.

Adams Resources & Energy Trading Up 0.0 %

NYSE:AE opened at $37.24 on Friday. 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 has a one year low of $22.30 and a one year high of $37.90. The company has a market cap of $95.86 million, a PE ratio of -11.78 and a beta of 0.87. The firm has a 50-day moving average of $31.92 and a 200-day moving average of $27.71.

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

Adams Resources & Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date of this dividend is Friday, December 6th. Adams Resources & Energy’s payout ratio is -30.38%.

Institutional Trading of Adams Resources & Energy

A number of institutional investors and hedge funds have recently modified their holdings of AE. Cerity Partners LLC grew 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 valued at $549,000 after buying an additional 10,977 shares during the period. Round Hill Asset Management grew its position 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 acquiring an additional 9,587 shares during the period. Geode Capital Management LLC grew its position in shares of Adams Resources & Energy by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock valued at $679,000 after acquiring an additional 1,916 shares during the period. Bard Associates Inc. increased its stake in shares of Adams Resources & Energy by 13.1% during the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock worth $336,000 after purchasing an additional 1,443 shares during the last quarter. Finally, Barclays PLC raised its holdings in shares of Adams Resources & Energy by 118.5% in the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after purchasing an additional 1,049 shares during the period. 57.81% of the stock is 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.