Adams Resources & Energy, Inc. (NYSE:AE) Position Lifted by Bard Associates Inc.

Bard Associates Inc. raised its stake in Adams Resources & Energy, Inc. (NYSE:AE) by 13.1% in the 3rd quarter, Holdings Channel.com reports. The firm owned 12,438 shares of the company’s stock after acquiring an additional 1,443 shares during the period. Bard Associates Inc.’s holdings in Adams Resources & Energy were worth $336,000 as of its most recent SEC filing.

Separately, Empowered Funds LLC increased its position in Adams Resources & Energy by 8.1% in the first quarter. Empowered Funds LLC now owns 16,344 shares of the company’s stock worth $474,000 after buying an additional 1,225 shares during the period. 57.81% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

Separately, B. Riley reaffirmed a “neutral” rating and issued a $38.00 price objective (down previously from $45.00) on shares of Adams Resources & Energy in a report on Wednesday.

Adams Resources & Energy Price Performance

Shares of AE opened at $37.07 on Friday. The stock’s fifty day moving average is $26.92 and its 200-day moving average is $26.39. The firm has a market capitalization of $95.57 million, a price-to-earnings ratio of -11.73 and a beta of 0.79. Adams Resources & Energy, Inc. has a one year low of $22.30 and a one year high of $37.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.04.

Adams Resources & Energy (NYSE:AE) last released its earnings results on Tuesday, November 12th. The company reported ($1.76) earnings per share for the quarter, missing analysts’ consensus estimates 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 firm had revenue of $695.16 million during the quarter, compared to analyst estimates of $649.00 million. Equities analysts anticipate that Adams Resources & Energy, Inc. will post -1.59 EPS for the current year.

Adams Resources & Energy Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.59%. The ex-dividend date of this dividend is Friday, December 6th. Adams Resources & Energy’s dividend payout ratio (DPR) is presently -30.38%.

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.