Skandinaviska Enskilda Banken AB publ Invests $93,000 in Adams Resources & Energy, Inc. (NYSE:AE)

Skandinaviska Enskilda Banken AB publ acquired a new position in shares of Adams Resources & Energy, Inc. (NYSE:AE) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,500 shares of the company’s stock, valued at approximately $93,000.

Several other institutional investors also recently modified their holdings of AE. Raymond James Financial Inc. acquired a new stake in shares of Adams Resources & Energy during the 4th quarter worth approximately $524,000. Cerity Partners LLC boosted its stake in 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 buying an additional 10,977 shares in the last quarter. Round Hill Asset Management grew its position in Adams Resources & Energy by 71.6% in the third quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock valued at $620,000 after acquiring an additional 9,587 shares during the period. Atria Investments Inc acquired a new position in Adams Resources & Energy during the fourth quarter worth $257,000. Finally, Net Worth Advisory Group bought a new position in shares of Adams Resources & Energy during the fourth quarter valued at $209,000. Institutional investors and hedge funds own 57.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com started coverage on shares of Adams Resources & Energy in a report on Thursday, March 13th. They issued a “buy” rating on the stock.

Adams Resources & Energy Stock Performance

Shares of AE stock opened at $37.98 on Wednesday. Adams Resources & Energy, Inc. has a 12-month low of $22.30 and a 12-month high of $38.00. The company has a market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The firm has a 50-day moving average price of $37.85 and a 200 day moving average price of $33.45. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17.

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.