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

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

Adams Resources & Energy Price Performance

Shares of AE stock opened at $37.98 on Friday. The firm has a market cap of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. Adams Resources & Energy has a 12 month low of $22.30 and a 12 month high of $38.00. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $37.94 and a 200 day moving average price of $34.27.

Hedge Funds Weigh In On Adams Resources & Energy

Several large investors have recently bought and sold shares of the business. Cerity Partners LLC raised its position in shares of Adams Resources & Energy by 117.1% during 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 last quarter. Barclays PLC lifted 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 buying an additional 1,049 shares during the period. Geode Capital Management LLC boosted its holdings in Adams Resources & Energy by 8.3% during the third 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 last quarter. Ascension Capital Advisors Inc. acquired a new position in shares of Adams Resources & Energy during the 4th quarter worth about $201,000. Finally, Atria Investments Inc bought a new stake in shares of Adams Resources & Energy in the 4th quarter valued at about $257,000. 57.81% of the stock is currently 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.