StockNews.com began coverage on shares of Adams Resources & Energy (NYSE:AE – Free Report) in a report published on Friday. The firm issued a buy rating on the stock.
Adams Resources & Energy Price Performance
AE stock opened at $37.98 on Friday. Adams Resources & Energy has a fifty-two week low of $22.30 and a fifty-two week high of $38.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. The stock has a market capitalization of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. The business’s fifty day moving average price is $37.88 and its two-hundred day moving average price is $33.61.
Institutional Inflows and Outflows
Several hedge funds have recently made changes to their positions in AE. Barclays PLC grew its position in Adams Resources & Energy by 118.5% during the third quarter. Barclays PLC now owns 1,934 shares of the company’s stock worth $52,000 after buying an additional 1,049 shares in the last quarter. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Adams Resources & Energy during the 4th quarter worth $93,000. Millennium Management LLC bought a new position in shares of Adams Resources & Energy in the fourth quarter worth $200,000. Ascension Capital Advisors Inc. acquired a new position in Adams Resources & Energy in the fourth quarter valued at about $201,000. Finally, Net Worth Advisory Group bought a new stake in Adams Resources & Energy during the fourth quarter worth about $209,000. 57.81% of the stock is owned by institutional investors.
Adams Resources & Energy Company Profile
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.
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