Adams Resources & Energy Inc (NYSEAMERICAN:AE) Chairman Townes G. Pressler Buys 500 Shares

Adams Resources & Energy Inc (NYSEAMERICAN:AE) Chairman Townes G. Pressler bought 500 shares of Adams Resources & Energy stock in a transaction dated Wednesday, August 14th. The stock was acquired at an average cost of $32.20 per share, with a total value of $16,100.00. Following the completion of the acquisition, the chairman now directly owns 3,226 shares of the company’s stock, valued at approximately $103,877.20. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of NYSEAMERICAN:AE traded up $0.39 on Friday, reaching $32.28. The company’s stock had a trading volume of 1,368 shares, compared to its average volume of 7,804. Adams Resources & Energy Inc has a 52-week low of $31.16 and a 52-week high of $46.84.

The company also recently declared a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be paid a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.97%.



Several institutional investors have recently modified their holdings of AE. Morgan Stanley increased its stake in shares of Adams Resources & Energy by 19.6% during the second quarter. Morgan Stanley now owns 2,655 shares of the energy company’s stock worth $91,000 after acquiring an additional 436 shares during the period. Jacobs Levy Equity Management Inc. acquired a new position in shares of Adams Resources & Energy during the second quarter worth about $221,000. Paloma Partners Management Co acquired a new position in shares of Adams Resources & Energy during the second quarter worth about $329,000. Minerva Advisors LLC acquired a new position in shares of Adams Resources & Energy during the second quarter worth about $331,000. Finally, Wittenberg Investment Management Inc. increased its stake in shares of Adams Resources & Energy by 19.1% during the second quarter. Wittenberg Investment Management Inc. now owns 22,435 shares of the energy company’s stock worth $769,000 after acquiring an additional 3,602 shares during the period.

About Adams Resources & Energy

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, and storage of crude oil in the United States. The company operates in two segments, Crude Oil Marketing, Transportation and Storage; and Tank Truck Transportation of Liquid Chemicals and Dry Bulk.

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