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

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

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

Adams Resources & Energy Price Performance

AE stock opened at $37.98 on Monday. Adams Resources & Energy has a 1 year low of $22.30 and a 1 year high of $38.00. 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 capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83. The business has a 50 day simple moving average of $37.57 and a 200-day simple moving average of $31.30.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the business. Bard Associates Inc. raised its holdings in Adams Resources & Energy by 13.1% in the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock valued at $336,000 after buying an additional 1,443 shares during the period. Empowered Funds LLC increased its position in shares of Adams Resources & Energy by 5.3% during the third quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after acquiring an additional 938 shares during the last quarter. Cerity Partners LLC raised its stake in shares of Adams Resources & Energy by 117.1% in the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock valued at $549,000 after acquiring an additional 10,977 shares during the period. Round Hill Asset Management lifted its holdings in shares of Adams Resources & Energy by 71.6% in the 3rd quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock worth $620,000 after acquiring an additional 9,587 shares during the last quarter. Finally, Wittenberg Investment Management Inc. boosted its position in shares of Adams Resources & Energy by 1.6% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock worth $576,000 after purchasing an additional 339 shares during the period. 57.81% of the stock is currently owned by institutional investors and hedge funds.

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.