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

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

Adams Resources & Energy Price Performance

AE stock opened at $37.98 on Friday. The firm has a 50 day moving average of $37.98 and a 200-day moving average of $34.74. The firm has a market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. Adams Resources & Energy has a 12 month low of $22.30 and a 12 month high of $38.00. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in the company. Barclays PLC grew its position in Adams Resources & Energy by 118.5% during 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 boosted its position 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 valued at $679,000 after acquiring an additional 1,916 shares during the last quarter. Atria Investments Inc purchased a new position in shares of Adams Resources & Energy during the fourth quarter worth about $257,000. Cerity Partners LLC increased its position in shares of Adams Resources & Energy by 117.1% in the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after purchasing an additional 10,977 shares during the last quarter. Finally, Yakira Capital Management Inc. purchased a new stake in Adams Resources & Energy in the fourth quarter valued at approximately $475,000. Institutional investors own 57.81% of the company’s stock.

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.