Skandinaviska Enskilda Banken AB publ Invests $93,000 in Adams Resources & Energy, Inc. (NYSE:AE)

Skandinaviska Enskilda Banken AB publ purchased a new position in shares of Adams Resources & Energy, Inc. (NYSE:AE) in the fourth quarter, according to its most recent disclosure with the SEC. The firm purchased 2,500 shares of the company’s stock, valued at approximately $93,000. Skandinaviska Enskilda Banken AB publ owned approximately 0.10% of Adams Resources & Energy at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AE. Wittenberg Investment Management Inc. raised its stake 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. Empowered Funds LLC raised its stake in shares of Adams Resources & Energy by 5.3% in the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after acquiring an additional 938 shares in the last quarter. Barclays PLC raised its stake in shares of Adams Resources & Energy by 118.5% in the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after acquiring an additional 1,049 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Adams Resources & Energy by 8.3% in 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 in the last quarter. Finally, Ascension Capital Advisors Inc. bought a new position in shares of Adams Resources & Energy in the 4th quarter valued at approximately $201,000. 57.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on Adams Resources & Energy in a research note on Thursday, March 13th. They issued a “buy” rating on the stock.

Adams Resources & Energy Stock Performance

AE opened at $37.98 on Wednesday. The firm has a market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The stock’s 50 day moving average price is $37.85 and its two-hundred day moving average price is $33.45. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. Adams Resources & Energy, Inc. has a 12-month low of $22.30 and a 12-month high of $38.00.

Adams Resources & Energy Company Profile

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.