Adams Resources & Energy (NYSE:AE) Coverage Initiated at StockNews.com

StockNews.com assumed coverage on shares of Adams Resources & Energy (NYSE:AE) in a research report released on Monday. The firm issued a buy rating on the stock.

Separately, B. Riley restated a “neutral” rating and set a $38.00 price objective (down from $45.00) on shares of Adams Resources & Energy in a report on Wednesday, November 13th.

Adams Resources & Energy Stock Performance

Shares of AE stock opened at $37.98 on Monday. 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 market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The company’s 50 day moving average price is $37.60 and its two-hundred day moving average price is $31.43. Adams Resources & Energy has a 52 week low of $22.30 and a 52 week high of $38.00.

Institutional Investors Weigh In On Adams Resources & Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Chicago Capital Management LLC acquired a new stake in Adams Resources & Energy in the 4th quarter valued at approximately $3,648,000. Cigogne Management SA acquired a new stake in shares of Adams Resources & Energy in the fourth quarter valued at approximately $1,809,000. Credit Industriel ET Commercial acquired a new stake in shares of Adams Resources & Energy in the fourth quarter valued at approximately $1,330,000. First Wilshire Securities Management Inc. increased its stake in Adams Resources & Energy by 2.9% in the 4th quarter. First Wilshire Securities Management Inc. now owns 32,821 shares of the company’s stock valued at $1,239,000 after buying an additional 932 shares during the last quarter. Finally, Geode Capital Management LLC increased its stake in Adams Resources & Energy by 2.6% in the 4th quarter. Geode Capital Management LLC now owns 25,765 shares of the company’s stock valued at $973,000 after buying an additional 641 shares during the last quarter. Institutional investors and hedge funds own 57.81% of the company’s stock.

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.