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

StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE) in a research report released on Sunday. The firm issued a buy rating on the stock.

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

Adams Resources & Energy Price Performance

AE opened at $37.24 on Friday. The firm has a 50-day moving average price of $31.92 and a 200-day moving average price of $27.71. Adams Resources & Energy has a twelve month low of $22.30 and a twelve month high of $37.90. 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 capitalization of $95.86 million, a price-to-earnings ratio of -11.78 and a beta of 0.87.

Adams Resources & Energy (NYSE:AE) last released its quarterly earnings data 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 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 the consensus estimate of $649.00 million. Equities analysts expect that Adams Resources & Energy will post -2.65 EPS for the current year.

Adams Resources & Energy Dividend Announcement

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 given a $0.24 dividend. The ex-dividend date is 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 currently -30.38%.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in AE. Barclays PLC raised its position in shares of Adams Resources & Energy by 118.5% in the third quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after buying an additional 1,049 shares in the last quarter. Geode Capital Management LLC increased its stake 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 worth $679,000 after acquiring an additional 1,916 shares during the last quarter. Wittenberg Investment Management Inc. raised its holdings in shares of 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 in the last quarter. Round Hill Asset Management raised its holdings in shares of Adams Resources & Energy by 71.6% in the 3rd 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 in the last quarter. Finally, Cerity Partners LLC boosted 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 last quarter. 57.81% of the stock is currently owned by hedge funds and other institutional investors.

Adams Resources & Energy Company Profile

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.