Adams Resources & Energy (NYSE:AE) Trading Up 0.5% – What’s Next?

Adams Resources & Energy, Inc. (NYSE:AE)’s stock price was up 0.5% during mid-day trading on Wednesday . The stock traded as high as $27.19 and last traded at $27.10. Approximately 2,347 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 7,473 shares. The stock had previously closed at $26.96.

Analyst Ratings Changes

Separately, StockNews.com lowered Adams Resources & Energy from a “strong-buy” rating to a “buy” rating in a research report on Thursday, July 4th.

Adams Resources & Energy Stock Performance

The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. The business has a 50-day moving average of $25.54 and a 200-day moving average of $26.30.

Adams Resources & Energy (NYSE:AE) last announced its quarterly earnings data on Wednesday, August 7th. The company reported ($0.87) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.66). Adams Resources & Energy had a negative return on equity of 5.43% and a negative net margin of 0.05%. The company had revenue of $718.49 million for the quarter, compared to the consensus estimate of $644.24 million. On average, analysts anticipate that Adams Resources & Energy, Inc. will post -1.59 earnings per share for the current year.

Adams Resources & Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, September 27th. Stockholders of record on Friday, September 13th were given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend was Friday, September 13th. Adams Resources & Energy’s dividend payout ratio (DPR) is presently -184.62%.

Institutional Trading of Adams Resources & Energy

A hedge fund recently raised its stake in Adams Resources & Energy stock. Empowered Funds LLC boosted its position in Adams Resources & Energy, Inc. (NYSE:AE) by 8.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 16,344 shares of the company’s stock after purchasing an additional 1,225 shares during the quarter. Empowered Funds LLC owned about 0.64% of Adams Resources & Energy worth $474,000 at the end of the most recent reporting period. 57.81% of the stock is currently owned by hedge funds and other institutional investors.

Adams Resources & Energy Company Profile

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.