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

Investment analysts at StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE) in a research report issued to clients and investors on Saturday. The brokerage set a “buy” rating on the stock.

Adams Resources & Energy Stock Performance

Shares of NYSE:AE opened at $37.98 on Friday. The business’s 50-day simple moving average is $37.94 and its 200 day simple moving average is $34.12. The company has a market cap of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. 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 one year low of $22.30 and a one year high of $38.00.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in Adams Resources & Energy by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 25,765 shares of the company’s stock worth $973,000 after buying an additional 641 shares in the last quarter. First Wilshire Securities Management Inc. lifted its stake in shares of Adams Resources & Energy by 2.9% in the fourth quarter. First Wilshire Securities Management Inc. now owns 32,821 shares of the company’s stock worth $1,239,000 after acquiring an additional 932 shares in the last quarter. Barclays PLC boosted its holdings 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. Northern Trust Corp grew its stake in Adams Resources & Energy by 11.0% during the 4th quarter. Northern Trust Corp now owns 24,026 shares of the company’s stock valued at $907,000 after purchasing an additional 2,379 shares in the last quarter. Finally, Skandinaviska Enskilda Banken AB publ purchased a new stake in Adams Resources & Energy during the 4th quarter worth approximately $93,000. 57.81% of the stock is currently owned by hedge funds and other institutional investors.

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.