Raymond James Financial Inc. Makes New $524,000 Investment in Adams Resources & Energy, Inc. (NYSE:AE)

Raymond James Financial Inc. bought a new stake in shares of Adams Resources & Energy, Inc. (NYSE:AE) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 13,891 shares of the company’s stock, valued at approximately $524,000.

Several other large investors have also recently made changes to their positions in AE. Barclays PLC lifted its stake in Adams Resources & Energy by 118.5% in the third quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after purchasing an additional 1,049 shares during the last quarter. Ascension Capital Advisors Inc. bought a new stake in shares of Adams Resources & Energy in the fourth quarter valued at $201,000. Atria Investments Inc purchased a new position in shares of Adams Resources & Energy during the 4th quarter valued at $257,000. Finally, Geode Capital Management LLC grew its stake 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 worth $679,000 after acquiring an additional 1,916 shares during the period. 57.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, StockNews.com started coverage on shares of Adams Resources & Energy in a research report on Sunday. They issued a “buy” rating on the stock.

Adams Resources & Energy Stock Performance

NYSE:AE opened at $37.98 on Tuesday. Adams Resources & Energy, Inc. has a twelve month low of $22.30 and a twelve month high of $38.00. 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 stock has a market cap of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The business’s 50-day moving average price is $37.98 and its two-hundred day moving average price is $34.83.

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.