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

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

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

Adams Resources & Energy Stock Performance

Shares of Adams Resources & Energy stock opened at $37.29 on Friday. The firm has a market capitalization of $96.21 million, a P/E ratio of -11.80 and a beta of 0.79. 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 50 day moving average price of $29.78 and a 200 day moving average price of $27.05. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $37.90.

Adams Resources & Energy (NYSE:AE) 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. Sell-side analysts expect that Adams Resources & Energy will post -2.65 EPS for the current year.

Adams Resources & Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.57%. Adams Resources & Energy’s payout ratio is -30.38%.

Institutional Investors Weigh In On Adams Resources & Energy

Hedge funds and other institutional investors have recently made changes to their positions in the company. 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 acquiring an additional 339 shares during the period. Empowered Funds LLC grew its stake in Adams Resources & Energy by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after acquiring an additional 938 shares during the period. Barclays PLC grew its stake 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 during the period. Bard Associates Inc. grew its stake in Adams Resources & Energy by 13.1% in the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock valued at $336,000 after acquiring an additional 1,443 shares during the period. Finally, Geode Capital Management LLC lifted its holdings in Adams Resources & Energy by 8.3% in the 3rd 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. Institutional investors and hedge funds own 57.81% of the company’s stock.

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.