Adams Resources & Energy’s (AE) “Neutral” Rating Reiterated at B. Riley

B. Riley restated their neutral rating on shares of Adams Resources & Energy (NYSE:AE) in a research note published on Wednesday morning, Marketbeat Ratings reports. The firm currently has a $38.00 price objective on the stock, down from their prior price objective of $45.00. B. Riley also issued estimates for Adams Resources & Energy’s Q4 2024 earnings at $0.17 EPS, FY2024 earnings at ($2.65) EPS and FY2025 earnings at $0.47 EPS.

Adams Resources & Energy Trading Down 0.0 %

NYSE AE opened at $37.07 on Wednesday. Adams Resources & Energy has a one year low of $22.30 and a one year high of $37.90. The company’s 50 day moving average price is $26.92 and its 200 day moving average price is $26.39. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.97 and a current ratio of 1.04. The firm has a market capitalization of $95.57 million, a price-to-earnings ratio of -11.73 and a beta of 0.79.

Adams Resources & Energy (NYSE:AE) last released its quarterly earnings data on Tuesday, November 12th. The company reported ($1.76) EPS for the quarter, missing analysts’ consensus estimates of ($0.56) by ($1.20). The business had revenue of $695.16 million during 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%. On average, sell-side analysts predict that Adams Resources & Energy will post -1.59 EPS for the current 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 dividend of $0.24 per share. The ex-dividend date of this dividend is Friday, December 6th. This represents a $0.96 annualized dividend and a dividend yield of 2.59%. Adams Resources & Energy’s dividend payout ratio is -30.38%.

Institutional Investors Weigh In On Adams Resources & Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Empowered Funds LLC lifted its holdings in shares of Adams Resources & Energy by 8.1% during the first quarter. Empowered Funds LLC now owns 16,344 shares of the company’s stock worth $474,000 after buying an additional 1,225 shares during the last quarter. Barclays PLC lifted its holdings in shares of 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 during the last quarter. Cerity Partners LLC lifted its holdings in shares of Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after buying an additional 10,977 shares during the last quarter. Wittenberg Investment Management Inc. lifted its holdings in shares of Adams Resources & Energy by 1.6% during the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock worth $576,000 after buying an additional 339 shares during the last quarter. Finally, Round Hill Asset Management increased its position in shares of Adams Resources & Energy by 71.6% during the third 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 period. 57.81% of the stock is currently owned by institutional investors and hedge funds.

About Adams Resources & Energy

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.