Adams Resources & Energy, Inc. (NYSE:AE) Shares Acquired by Barclays PLC

Barclays PLC increased its stake in shares of Adams Resources & Energy, Inc. (NYSE:AEFree Report) by 118.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,934 shares of the company’s stock after acquiring an additional 1,049 shares during the quarter. Barclays PLC owned about 0.08% of Adams Resources & Energy worth $52,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Bard Associates Inc. increased its stake in shares of Adams Resources & Energy by 13.1% during the third quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock worth $336,000 after acquiring an additional 1,443 shares during the period. Empowered Funds LLC increased its position in Adams Resources & Energy by 5.3% during the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock worth $501,000 after purchasing an additional 938 shares during the period. Cerity Partners LLC raised its stake in shares of Adams Resources & Energy by 117.1% during the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after buying an additional 10,977 shares in the last quarter. Wittenberg Investment Management Inc. lifted its holdings in shares of Adams Resources & Energy by 1.6% in the 3rd quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock valued at $576,000 after buying an additional 339 shares during the period. Finally, Round Hill Asset Management boosted its stake in shares of 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 buying an additional 9,587 shares in the last quarter. 57.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on AE shares. B. Riley reiterated a “neutral” rating and issued a $38.00 price objective (down from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday, November 13th. StockNews.com assumed coverage on shares of Adams Resources & Energy in a research report on Friday. They issued a “buy” rating on the stock.

Get Our Latest Report on AE

Adams Resources & Energy Price Performance

NYSE AE opened at $37.90 on Friday. Adams Resources & Energy, Inc. has a 12 month low of $22.30 and a 12 month high of $38.00. The firm has a market capitalization of $97.40 million, a PE ratio of -11.99 and a beta of 0.84. The company’s 50 day simple moving average is $37.34 and its 200 day simple moving average is $30.02. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89.

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

Adams Resources & Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Investors of record on Friday, December 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th. This represents a $0.96 dividend on an annualized basis and a yield of 2.53%. Adams Resources & Energy’s dividend payout ratio is currently -30.38%.

Adams Resources & Energy Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Adams Resources & Energy (NYSE:AE)

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