StockNews.com initiated coverage on shares of Adams Resources & Energy (NYSE:AE – Free Report) in a research report released on Saturday. The brokerage issued a buy rating on the stock.
Adams Resources & Energy Stock Performance
NYSE:AE opened at $37.98 on Friday. Adams Resources & Energy has a 1-year low of $22.30 and a 1-year high of $38.00. The company has a current ratio of 1.04, a quick ratio of 0.89 and a debt-to-equity ratio of 0.17. The stock has a market cap of $97.61 million, a P/E ratio of -12.02 and a beta of 0.83. The stock’s 50-day moving average is $37.95 and its 200-day moving average is $34.36.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the stock. CSS LLC IL acquired a new stake in Adams Resources & Energy during the fourth quarter worth approximately $513,000. Millennium Management LLC purchased a new stake in Adams Resources & Energy in the 4th quarter valued at $200,000. Northern Trust Corp raised its holdings in shares of Adams Resources & Energy by 11.0% in the fourth quarter. Northern Trust Corp now owns 24,026 shares of the company’s stock valued at $907,000 after purchasing an additional 2,379 shares during the last quarter. Oxford Asset Management LLP bought a new position in shares of Adams Resources & Energy during the 4th quarter worth approximately $372,000. Finally, Credit Industriel ET Commercial bought a new stake in Adams Resources & Energy during the fourth quarter worth $1,330,000. 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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