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

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

Separately, B. Riley reissued a “neutral” rating and set a $38.00 target price (down previously from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday, November 13th.

Adams Resources & Energy Price Performance

Shares of NYSE AE opened at $37.98 on Tuesday. 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 fifty-two week low of $22.30 and a fifty-two week high of $38.00. The firm has a market capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83. The stock’s 50-day simple moving average is $37.66 and its 200-day simple moving average is $31.87.

Institutional Investors Weigh In On Adams Resources & Energy

Several large investors have recently modified their holdings of AE. Wittenberg Investment Management Inc. increased its holdings 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 during the period. Geode Capital Management LLC boosted its stake in Adams Resources & Energy by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 25,765 shares of the company’s stock worth $973,000 after purchasing an additional 641 shares during the period. First Wilshire Securities Management Inc. grew its position in Adams Resources & Energy by 2.9% during the 4th quarter. First Wilshire Securities Management Inc. now owns 32,821 shares of the company’s stock worth $1,239,000 after purchasing an additional 932 shares during the last quarter. Empowered Funds LLC increased its stake in Adams Resources & Energy by 5.3% in the third quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after purchasing an additional 938 shares during the period. Finally, Barclays PLC increased its stake 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 period. 57.81% of the stock is owned by institutional investors and hedge funds.

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.