Adams Resources & Energy (NYSE:AE) Trading 0.5% Higher – Here’s What Happened

Adams Resources & Energy, Inc. (NYSE:AE) shares shot up 0.5% on Wednesday . The company traded as high as $27.19 and last traded at $27.10. 2,347 shares traded hands during trading, a decline of 69% from the average session volume of 7,473 shares. The stock had previously closed at $26.96.

Wall Street Analyst Weigh In

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

Adams Resources & Energy Stock Performance

The stock’s fifty day moving average is $25.44 and its 200-day moving average is $26.29. 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 stock has a market cap of $69.59 million, a price-to-earnings ratio of -52.12 and a beta of 0.79.

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

Adams Resources & Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, September 27th. Shareholders of record on Friday, September 13th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.54%. The ex-dividend date was Friday, September 13th. Adams Resources & Energy’s dividend payout ratio is -184.62%.

Hedge Funds Weigh In On Adams Resources & Energy

An institutional investor recently raised its position in Adams Resources & Energy stock. Empowered Funds LLC grew its stake in Adams Resources & Energy, Inc. (NYSE:AE) by 8.1% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 16,344 shares of the company’s stock after acquiring an additional 1,225 shares during the period. Empowered Funds LLC owned 0.64% of Adams Resources & Energy worth $474,000 at the end of the most recent quarter. 57.81% of the stock is owned by hedge funds and other institutional investors.

Adams Resources & Energy Company 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.