Adams Resources & Energy (NYSE:AE) Research Coverage Started at StockNews.com

StockNews.com initiated coverage on shares of Adams Resources & Energy (NYSE:AE) in a research note released on Friday. The brokerage issued a buy rating on the stock.

Adams Resources & Energy Stock Performance

Shares of Adams Resources & Energy stock opened at $37.98 on Friday. Adams Resources & Energy has a fifty-two week low of $22.30 and a fifty-two week high of $38.00. The firm has a 50 day simple moving average of $37.88 and a 200 day simple moving average of $33.75. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. The firm has a market cap of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83.

Institutional Investors Weigh In On Adams Resources & Energy

A number of institutional investors have recently modified their holdings of AE. Barclays PLC raised its stake 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 acquiring an additional 1,049 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Adams Resources & Energy by 8.3% during the 3rd quarter. Geode Capital Management LLC now owns 25,124 shares of the company’s stock worth $679,000 after buying an additional 1,916 shares during the period. Atria Investments Inc acquired a new position in shares of Adams Resources & Energy in the fourth quarter worth approximately $257,000. Cerity Partners LLC raised its stake in Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after buying an additional 10,977 shares during the last quarter. Finally, Empowered Funds LLC grew its holdings in Adams Resources & Energy by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock worth $501,000 after acquiring an additional 938 shares during the period. Institutional investors own 57.81% of the company’s stock.

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.