Dimensional Fund Advisors LP Sells 13,687 Shares of Adams Resources & Energy, Inc. (NYSE:AE)

Dimensional Fund Advisors LP lessened its stake in Adams Resources & Energy, Inc. (NYSE:AE) by 5.1% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 254,776 shares of the company’s stock after selling 13,687 shares during the quarter. Dimensional Fund Advisors LP owned approximately 9.93% of Adams Resources & Energy worth $7,134,000 at the end of the most recent quarter.

Separately, Empowered Funds LLC lifted its stake in shares of Adams Resources & Energy by 8.1% during the 1st quarter. Empowered Funds LLC now owns 16,344 shares of the company’s stock valued at $474,000 after buying an additional 1,225 shares in the last quarter. Institutional investors own 57.81% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com cut shares of Adams Resources & Energy from a “strong-buy” rating to a “buy” rating in a report on Thursday, July 4th.

Adams Resources & Energy Trading Down 0.1 %

Shares of AE opened at $27.48 on Wednesday. Adams Resources & Energy, Inc. has a twelve month low of $22.30 and a twelve month high of $33.19. The stock has a market cap of $70.54 million, a PE ratio of 41.01 and a beta of 0.79. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. The business’s 50-day moving average price is $24.58 and its 200-day moving average price is $26.50.

Adams Resources & Energy (NYSE:AE) last announced its quarterly earnings results on Wednesday, August 7th. The company reported ($0.87) EPS for the quarter, missing the consensus estimate of ($0.21) by ($0.66). The firm had revenue of $718.49 million during the quarter, compared to the consensus estimate of $644.24 million. Adams Resources & Energy had a negative net margin of 0.05% and a negative return on equity of 5.43%. On average, equities analysts forecast that Adams Resources & Energy, Inc. will post -1.59 EPS for the current fiscal year.

Adams Resources & Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.24 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $0.96 dividend on an annualized basis and a yield of 3.49%. Adams Resources & Energy’s dividend payout ratio is currently 143.28%.

Adams Resources & Energy Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage of crude oil and other related products in the United States. The company operates through four segments: Crude Oil Marketing, Transportation, Pipeline and Storage, and Logistics and Repurposing.