StockNews.com Begins Coverage on Adams Resources & Energy (NYSE:AE)

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

Adams Resources & Energy Price Performance

Adams Resources & Energy stock opened at $37.98 on Friday. The company’s 50 day simple moving average is $37.94 and its 200-day simple moving average is $34.20. 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 has a 1 year low of $22.30 and a 1 year high of $38.00. The company has a market capitalization of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in AE. CSS LLC IL purchased a new stake in shares of Adams Resources & Energy in the 4th quarter valued at $513,000. Millennium Management LLC acquired a new position in Adams Resources & Energy in the 4th quarter valued at about $200,000. Northern Trust Corp increased its stake in Adams Resources & Energy by 11.0% during the fourth quarter. Northern Trust Corp now owns 24,026 shares of the company’s stock worth $907,000 after purchasing an additional 2,379 shares during the period. Oxford Asset Management LLP purchased a new stake in Adams Resources & Energy during the fourth quarter worth about $372,000. Finally, Credit Industriel ET Commercial acquired a new stake in shares of Adams Resources & Energy during the fourth quarter worth about $1,330,000. 57.81% of the stock is currently owned by institutional investors and hedge funds.

About Adams Resources & Energy

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following segments: crude oil marketing, transportation and storage, tank truck transportation of liquid chemicals, pressurized gases, asphalt and dry bulk, and pipeline transportation, terminalling and storage of crude oil.