Adams Resources & Energy (NYSEAMERICAN:AE – Get Rating) issued its earnings results on Monday. The energy company reported $1.39 EPS for the quarter, topping the consensus estimate of $0.23 by $1.16, Fidelity Earnings reports. Adams Resources & Energy had a return on equity of 2.06% and a net margin of 0.91%.
AE traded down $0.13 during midday trading on Wednesday, reaching $34.34. The company had a trading volume of 4,862 shares, compared to its average volume of 8,894. The company has a current ratio of 1.52, a quick ratio of 1.38 and a debt-to-equity ratio of 0.15. The company’s 50-day moving average price is $36.45. The firm has a market capitalization of $150.00 million, a P/E ratio of 9.84 and a beta of 0.99. Adams Resources & Energy has a 1 year low of $25.46 and a 1 year high of $39.89.
The business also recently declared a quarterly dividend, which will be paid on Friday, June 17th. Shareholders of record on Friday, June 3rd will be given a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 2.80%. The ex-dividend date is Thursday, June 2nd. Adams Resources & Energy’s payout ratio is 27.51%.
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Bank of New York Mellon Corp lifted its stake in shares of Adams Resources & Energy by 2.4% in the 1st quarter. Bank of New York Mellon Corp now owns 32,832 shares of the energy company’s stock valued at $1,263,000 after purchasing an additional 772 shares during the last quarter. BlackRock Inc. raised its holdings in shares of Adams Resources & Energy by 1.6% in the fourth quarter. BlackRock Inc. now owns 81,907 shares of the energy company’s stock worth $2,278,000 after buying an additional 1,307 shares during the period. Morgan Stanley raised its holdings in shares of Adams Resources & Energy by 39.0% in the second quarter. Morgan Stanley now owns 4,783 shares of the energy company’s stock worth $133,000 after buying an additional 1,342 shares during the period. Acadian Asset Management LLC raised its holdings in shares of Adams Resources & Energy by 24.1% in the first quarter. Acadian Asset Management LLC now owns 9,376 shares of the energy company’s stock worth $360,000 after buying an additional 1,818 shares during the period. Finally, Dimensional Fund Advisors LP raised its holdings in shares of Adams Resources & Energy by 0.6% in the first quarter. Dimensional Fund Advisors LP now owns 317,243 shares of the energy company’s stock worth $12,211,000 after buying an additional 1,937 shares during the period. 36.19% of the stock is owned by hedge funds and other institutional investors.
About Adams Resources & Energy (Get Rating)
Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, terminalling, and storage in various crude oil and natural gas basins in the United States. The company operates through three 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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