StockNews.com Initiates Coverage on Adams Resources & Energy (NYSE:AE)

StockNews.com initiated coverage on shares of Adams Resources & Energy (NYSE:AE) in a report published on Friday. The brokerage issued a buy rating on the stock.

Adams Resources & Energy Stock Performance

NYSE:AE opened at $37.98 on Friday. 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. The company has a market cap of $97.61 million, a PE ratio of -12.02 and a beta of 0.83. The company has a 50 day simple moving average of $37.88 and a two-hundred day simple moving average of $33.75.

Institutional Trading of Adams Resources & Energy

Several institutional investors and hedge funds have recently modified their holdings of the company. Empowered Funds LLC grew its holdings in Adams Resources & Energy by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after buying an additional 938 shares in the last quarter. Cerity Partners LLC boosted its position in shares of Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock valued at $549,000 after buying an additional 10,977 shares during the period. Round Hill Asset Management grew its stake in shares of Adams Resources & Energy by 71.6% during the third quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock valued at $620,000 after buying an additional 9,587 shares during the last quarter. Wittenberg Investment Management Inc. increased its stake in Adams Resources & Energy by 1.6% in the third 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. Finally, Barclays PLC lifted its holdings in Adams Resources & Energy by 118.5% during the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after buying an additional 1,049 shares in the last quarter. 57.81% of the stock is currently owned by institutional investors.

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.