Cerity Partners LLC Boosts Stake in Adams Resources & Energy, Inc. (NYSE:AE)

Cerity Partners LLC raised its holdings in Adams Resources & Energy, Inc. (NYSE:AE) by 117.1% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 20,350 shares of the company’s stock after acquiring an additional 10,977 shares during the period. Cerity Partners LLC owned approximately 0.79% of Adams Resources & Energy worth $549,000 at the end of the most recent reporting period.

Separately, Bard Associates Inc. raised its position in Adams Resources & Energy by 13.1% during the third quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock valued at $336,000 after purchasing an additional 1,443 shares in the last quarter. 57.81% of the stock is currently owned by hedge funds and other institutional investors.

Adams Resources & Energy Price Performance

Shares of NYSE AE opened at $37.19 on Friday. Adams Resources & Energy, Inc. has a fifty-two week low of $22.30 and a fifty-two week high of $37.90. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. The company has a 50 day simple moving average of $30.94 and a two-hundred day simple moving average of $27.37. The company has a market capitalization of $95.95 million, a price-to-earnings ratio of -11.77 and a beta of 0.87.

Adams Resources & Energy (NYSE:AE) last posted its earnings results on Tuesday, November 12th. The company reported ($1.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($1.20). The company had revenue of $695.16 million during the quarter, compared to the consensus estimate of $649.00 million. Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. Analysts expect that Adams Resources & Energy, Inc. will post -2.65 EPS for the current fiscal year.

Adams Resources & Energy Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Shareholders of record on Friday, December 6th will be paid a $0.24 dividend. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a yield of 2.58%. Adams Resources & Energy’s payout ratio is -30.38%.

Wall Street Analysts Forecast Growth

AE has been the subject of a number of recent research reports. B. Riley restated a “neutral” rating and issued a $38.00 target price (down previously from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday, November 13th. StockNews.com started coverage on shares of Adams Resources & Energy in a report on Saturday. They issued a “buy” rating for the company.

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.