Adams Resources & Energy, Inc. (NYSE:AE) Shares Acquired by Empowered Funds LLC

Empowered Funds LLC lifted its stake in Adams Resources & Energy, Inc. (NYSE:AE) by 5.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 18,542 shares of the company’s stock after purchasing an additional 938 shares during the quarter. Empowered Funds LLC owned 0.72% of Adams Resources & Energy worth $501,000 as of its most recent filing with the Securities & Exchange Commission.

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 acquiring an additional 1,443 shares in the last quarter. 57.81% of the stock is owned by institutional investors.

Adams Resources & Energy Stock Down 0.1 %

AE opened at $37.20 on Monday. Adams Resources & Energy, Inc. has a twelve month low of $22.30 and a twelve month high of $37.90. The firm has a market cap of $95.90 million, a price-to-earnings ratio of -11.77 and a beta of 0.79. The firm’s 50-day simple moving average is $28.55 and its 200-day simple moving average is $26.72. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04.

Adams Resources & Energy (NYSE:AE) last posted its quarterly earnings data 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). The firm had revenue of $695.16 million for the quarter, compared to analyst estimates of $649.00 million. Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. Equities research analysts anticipate that Adams Resources & Energy, Inc. will post -2.65 EPS for the current fiscal year.

Adams Resources & Energy Announces Dividend

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

Analysts Set New Price Targets

Several research firms recently weighed in on AE. B. Riley restated a “neutral” rating and issued a $38.00 target price (down from $45.00) on shares of Adams Resources & Energy in a report on Wednesday, November 13th. StockNews.com assumed coverage on shares of Adams Resources & Energy in a report on Thursday. They set a “buy” rating for the company.

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.