StockNews.com started coverage on shares of Adams Resources & Energy (NYSE:AE – Free Report) in a research note published on Monday. The brokerage issued a buy rating on the stock.
Adams Resources & Energy Price Performance
Shares of NYSE:AE opened at $37.98 on Monday. The stock has a market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The stock’s 50-day moving average price is $37.98 and its 200-day moving average price is $35.40. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. Adams Resources & Energy has a 12-month low of $22.30 and a 12-month high of $38.00.
Institutional Inflows and Outflows
Hedge funds have recently bought and sold shares of the business. Barclays PLC grew its position in shares of Adams Resources & Energy by 118.5% in the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after buying an additional 1,049 shares during the last quarter. Skandinaviska Enskilda Banken AB publ purchased a new stake in Adams Resources & Energy in the fourth quarter worth $93,000. Millennium Management LLC bought a new stake in Adams Resources & Energy in the fourth quarter valued at $200,000. Ascension Capital Advisors Inc. bought a new stake in Adams Resources & Energy in the fourth quarter valued at $201,000. Finally, Net Worth Advisory Group purchased a new position in Adams Resources & Energy during the 4th quarter valued at $209,000. Hedge funds and other institutional investors own 57.81% of the company’s stock.
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.
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