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

Adams Resources & Energy (NYSE:AE)‘s stock had its “neutral” rating restated by equities research analysts at B. Riley in a research note issued on Wednesday,Benzinga reports. They presently have a $38.00 price target on the stock, down from their prior price target of $45.00. B. Riley’s target price would suggest a potential upside of 2.56% from the company’s previous close.

Adams Resources & Energy Price Performance

AE stock opened at $37.05 on Wednesday. The company has a 50 day simple moving average of $26.10 and a 200 day simple moving average of $26.18. Adams Resources & Energy has a 1 year low of $22.30 and a 1 year high of $37.90. The company has a current ratio of 1.06, a quick ratio of 0.97 and a debt-to-equity ratio of 0.33.

Institutional Trading of Adams Resources & Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. Empowered Funds LLC boosted its stake in Adams Resources & Energy by 8.1% during the first quarter. Empowered Funds LLC now owns 16,344 shares of the company’s stock valued at $474,000 after buying an additional 1,225 shares during the period. Bard Associates Inc. boosted its position in shares of Adams Resources & Energy by 13.1% in the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock worth $336,000 after purchasing an additional 1,443 shares in the last quarter. Cerity Partners LLC lifted its position in Adams Resources & Energy by 117.1% in the 3rd quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock valued at $549,000 after acquiring an additional 10,977 shares in the last quarter. Round Hill Asset Management lifted its holdings in shares of 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 buying an additional 9,587 shares during the period. Finally, Wittenberg Investment Management Inc. lifted its holdings in shares of Adams Resources & Energy by 1.6% during the 3rd quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock valued at $576,000 after buying an additional 339 shares during the period. 57.81% of the stock is owned by hedge funds and other institutional investors.

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.