5,524 Shares in Adams Resources & Energy, Inc. (NYSE:AE) Acquired by Net Worth Advisory Group

Net Worth Advisory Group bought a new position in shares of Adams Resources & Energy, Inc. (NYSE:AE) during the 4th quarter, HoldingsChannel.com reports. The fund bought 5,524 shares of the company’s stock, valued at approximately $209,000.

A number of other hedge funds have also bought and sold shares of the stock. Bard Associates Inc. lifted 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 buying an additional 1,443 shares during the period. Empowered Funds LLC lifted 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 acquiring an additional 938 shares during the period. Cerity Partners LLC lifted its position in 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 acquiring an additional 10,977 shares during the period. Round Hill Asset Management grew its stake in Adams Resources & Energy by 71.6% during the 3rd quarter. Round Hill Asset Management now owns 22,979 shares of the company’s stock valued at $620,000 after purchasing an additional 9,587 shares during the last quarter. Finally, Wittenberg Investment Management Inc. increased its holdings in shares of Adams Resources & Energy by 1.6% in the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock valued at $576,000 after purchasing an additional 339 shares during the period. Institutional investors and hedge funds own 57.81% of the company’s stock.

Adams Resources & Energy Price Performance

Shares of AE opened at $37.98 on Wednesday. The business’s 50-day moving average is $37.79 and its two-hundred day moving average is $32.93. The company has a market capitalization of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. Adams Resources & Energy, Inc. 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 quick ratio of 0.89 and a current ratio of 1.04.

Analyst Ratings Changes

A number of equities research analysts recently commented on the company. StockNews.com started coverage on Adams Resources & Energy in a report on Wednesday, March 5th. They set a “buy” rating for the company. 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 research note on Wednesday, November 13th.

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.