1 week Ago By ABMN Staff
StockNews.com assumed coverage on shares of Adams Resources & Energy ( NYSE:AE – Free Report ) in a research report sent to investors on Monday. The brokerage issued a buy rating on the stock.
Separately, B. Riley reaffirmed a “neutral” rating and issued a $38.00 target price (down from $45.
00) on shares of Adams Resources & Energy in a research note on Wednesday, November 13th. Read Our Latest Stock Analysis on Adams Resources & Energy Adams Resources & Energy Price Performance Adams Resources & Energy ( NYSE:AE – Get Free Report ) last announced its quarterly earnings results on Tuesday, November 12th. The company reported ($1.
76) EPS for the quarter, missing the consensus estimate of ($0.56) by ($1.20).
Adams Resources & Energy had a negative net margin of 0.29% and a negative return on equity of 8.14%.
The company had revenue of $695.16 million during the quarter, compared to analyst estimates of $649.00 million.
As a group, research analysts expect that Adams Resources & Energy will post -2.65 EPS for the current fiscal year. Adams Resources & Energy Announces Dividend The company also recently declared a quarterly dividend, which was paid on Friday, December 20th.
Stockholders of record on Friday, December 6th were issued a $0.24 dividend. The ex-dividend date of this dividend was Friday, December 6th.
This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.58%.
Adams Resources & Energy’s dividend payout ratio (DPR) 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 business.
Bard Associates Inc. increased its holdings in shares of Adams Resources & Energy by 13.1% during the 3rd quarter.
Bard Associates Inc. now owns 12,438 shares of the company’s stock worth $336,000 after acquiring an additional 1,443 shares during the last quarter. Empowered Funds LLC raised its holdings in Adams Resources & Energy by 5.
3% in the 3rd quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after acquiring an additional 938 shares in the last quarter. Cerity Partners LLC lifted its position in shares of Adams Resources & Energy by 117.
1% during 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 during the period. Round Hill Asset Management grew 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 worth $620,000 after purchasing an additional 9,587 shares in the last quarter. Finally, Wittenberg Investment Management Inc.
increased its position in shares of Adams Resources & Energy by 1.6% in the third quarter. Wittenberg Investment Management Inc.
now owns 21,315 shares of the company’s stock worth $576,000 after purchasing an additional 339 shares during the period. 57.81% of the stock is owned by institutional investors.
About Adams Resources & Energy ( Get Free Report ) 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. Read More Receive News & Ratings for Adams Resources & Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Resources & Energy and related companies with MarketBeat.
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