Adams Resources & Energy (NYSE:AE) Research Coverage Started at StockNews.com

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

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

Adams Resources & Energy Trading Down 0.2 %

AE stock opened at $37.41 on Thursday. The business has a fifty day moving average of $37.09 and a 200-day moving average of $29.67. 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 $96.14 million, a P/E ratio of -11.84 and a beta of 0.84. Adams Resources & Energy has a twelve month low of $22.30 and a twelve month high of $37.90.

Adams Resources & Energy (NYSE:AE) last issued its quarterly earnings data on Tuesday, November 12th. The company reported ($1.76) earnings per share (EPS) 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 company had revenue of $695.16 million for the quarter, compared to analyst estimates of $649.00 million. As a group, equities research 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 was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend was Friday, December 6th. Adams Resources & Energy’s dividend payout ratio (DPR) is -30.38%.

Hedge Funds Weigh In On Adams Resources & Energy

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Bard Associates Inc. grew its holdings 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 purchasing an additional 1,443 shares during the last quarter. Empowered Funds LLC grew its holdings in Adams Resources & Energy by 5.3% during 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 during the last quarter. Cerity Partners LLC increased its position in Adams Resources & Energy by 117.1% in the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock valued at $549,000 after acquiring an additional 10,977 shares during the period. Round Hill Asset Management raised its stake in shares of 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 acquiring an additional 9,587 shares during the last quarter. Finally, Wittenberg Investment Management Inc. lifted its holdings 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 purchasing an additional 339 shares during the period. 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.