Adams Resources & Energy (NYSE:AE) Coverage Initiated by Analysts at StockNews.com

StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE) in a research report sent to investors on Monday. The brokerage issued a buy rating on the stock.

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

Adams Resources & Energy Price Performance

Shares of Adams Resources & Energy stock opened at $37.25 on Monday. The firm has a market cap of $95.88 million, a P/E ratio of -11.79 and a beta of 0.87. The firm’s 50-day simple moving average is $33.12 and its 200-day simple moving average is $28.18. Adams Resources & Energy has a twelve month low of $22.30 and a twelve month high of $37.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04.

Adams Resources & Energy (NYSE:AE) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($1.76) EPS for the quarter, missing the consensus estimate of ($0.56) by ($1.20). Adams Resources & Energy had a negative net margin of 0.29% and a negative return on equity of 8.14%. The company had revenue of $695.16 million during the quarter, compared to analyst estimates of $649.00 million. As a group, 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 declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Friday, December 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.58%. Adams Resources & Energy’s dividend payout ratio (DPR) is -30.38%.

Institutional Investors Weigh In On Adams Resources & Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Bard Associates Inc. increased its holdings 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 acquiring an additional 1,443 shares during the last quarter. Empowered Funds LLC raised 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 valued at $501,000 after acquiring an additional 938 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Adams Resources & Energy by 117.1% during 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 grew 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 worth $620,000 after purchasing an additional 9,587 shares in the last quarter. Finally, Wittenberg Investment Management Inc. increased its position in shares of Adams Resources & Energy by 1.6% in 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. 57.81% of the stock is owned by 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.