Adams Resources & Energy Inc (AE) Insider Acquires $17,140.00 in Stock

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Adams Resources & Energy Inc (NYSEAMERICAN:AE) insider Townes G. Pressler acquired 500 shares of the stock in a transaction dated Thursday, May 23rd. The stock was acquired at an average cost of $34.28 per share, with a total value of $17,140.00. Following the completion of the transaction, the insider now owns 2,726 shares in the company, valued at approximately $93,447.28. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link.

Shares of AE stock traded up $0.06 during mid-day trading on Thursday, hitting $33.82. The company’s stock had a trading volume of 5,206 shares, compared to its average volume of 4,218. Adams Resources & Energy Inc has a 52 week low of $33.22 and a 52 week high of $48.75.

Adams Resources & Energy (NYSEAMERICAN:AE) last posted its quarterly earnings data on Friday, March 8th. The energy company reported $0.52 earnings per share for the quarter. The business had revenue of $442.65 million during the quarter.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 21st. Stockholders of record on Friday, June 7th will be given a $0.24 dividend. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from Adams Resources & Energy’s previous quarterly dividend of $0.22. This represents a $0.96 annualized dividend and a dividend yield of 2.84%.

Hedge funds have recently bought and sold shares of the company. Wells Fargo & Company MN grew its stake in shares of Adams Resources & Energy by 12.3% in the 1st quarter. Wells Fargo & Company MN now owns 3,595 shares of the energy company’s stock valued at $140,000 after buying an additional 393 shares during the period. Prudential Financial Inc. grew its stake in shares of Adams Resources & Energy by 3.0% in the 4th quarter. Prudential Financial Inc. now owns 15,019 shares of the energy company’s stock valued at $581,000 after buying an additional 431 shares during the period. Geode Capital Management LLC grew its stake in shares of Adams Resources & Energy by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 24,934 shares of the energy company’s stock valued at $965,000 after buying an additional 1,745 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Adams Resources & Energy by 11.1% in the 4th quarter. Bank of New York Mellon Corp now owns 25,028 shares of the energy company’s stock valued at $969,000 after buying an additional 2,502 shares during the period. Finally, Deprince Race & Zollo Inc. grew its stake in shares of Adams Resources & Energy by 4.0% in the 1st quarter. Deprince Race & Zollo Inc. now owns 85,765 shares of the energy company’s stock valued at $3,350,000 after buying an additional 3,338 shares during the period.

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About Adams Resources & Energy

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, and storage of crude oil in the United States. The company operates in two segments, Crude Oil Marketing, Transportation and Storage; and Tank Truck Transportation of Liquid Chemicals and Dry Bulk.

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