Adams Resources & Energy (NYSEAMERICAN:AE) Cut to D+ at TheStreet

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TheStreet lowered shares of Adams Resources & Energy (NYSEAMERICAN:AE) from a c rating to a d+ rating in a research note issued to investors on Thursday morning, TheStreetRatingsTable reports.

AE opened at $27.42 on Thursday. Adams Resources & Energy has a 52-week low of $15.16 and a 52-week high of $39.70.

Adams Resources & Energy (NYSEAMERICAN:AE) last announced its quarterly earnings results on Thursday, May 7th. The energy company reported $1.78 earnings per share (EPS) for the quarter. The company had revenue of $353.48 million during the quarter.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 19th. Shareholders of record on Friday, June 5th will be issued a $0.24 dividend. The ex-dividend date is Thursday, June 4th. This represents a $0.96 dividend on an annualized basis and a yield of 3.50%.

Institutional investors and hedge funds have recently modified their holdings of the stock. Wells Fargo & Company MN grew its position in shares of Adams Resources & Energy by 0.7% during the first quarter. Wells Fargo & Company MN now owns 89,709 shares of the energy company’s stock worth $2,108,000 after buying an additional 633 shares in the last quarter. Citigroup Inc. acquired a new stake in Adams Resources & Energy in the first quarter valued at $26,000. JPMorgan Chase & Co. boosted its stake in Adams Resources & Energy by 78.0% during the 1st quarter. JPMorgan Chase & Co. now owns 1,689 shares of the energy company’s stock valued at $40,000 after acquiring an additional 740 shares during the last quarter. Deprince Race & Zollo Inc. grew its holdings in Adams Resources & Energy by 27.6% during the 1st quarter. Deprince Race & Zollo Inc. now owns 75,414 shares of the energy company’s stock worth $1,772,000 after acquiring an additional 16,332 shares in the last quarter. Finally, Ancora Advisors LLC increased its position in shares of Adams Resources & Energy by 7.3% in the 4th quarter. Ancora Advisors LLC now owns 46,932 shares of the energy company’s stock worth $1,786,000 after purchasing an additional 3,198 shares during the last quarter.

Adams Resources & Energy Company Profile

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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