Adams Resources & Energy (NYSE:AE) Trading Down 0.5%

Adams Resources & Energy, Inc. (NYSE:AE) shares dropped 0.5% during trading on Friday . The stock traded as low as $23.91 and last traded at $24.00. Approximately 35,536 shares traded hands during trading, an increase of 329% from the average daily volume of 8,278 shares. The stock had previously closed at $24.12.

Wall Street Analysts Forecast Growth

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

Adams Resources & Energy Trading Down 0.5 %

The company has a current ratio of 1.07, a quick ratio of 0.96 and a debt-to-equity ratio of 0.38. The business’s fifty day simple moving average is $25.47 and its two-hundred day simple moving average is $26.51. The stock has a market capitalization of $61.61 million, a P/E ratio of 35.82 and a beta of 0.80.

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 net margin of 0.06% and a negative return on equity of 4.02%. The business had revenue of $718.49 million during the quarter, compared to analyst estimates of $644.24 million. As a group, analysts forecast that Adams Resources & Energy, Inc. will post -0.53 earnings per share for the current year.

Adams Resources & Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Investors of record on Friday, September 13th will be given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date of this dividend is Friday, September 13th. Adams Resources & Energy’s dividend payout ratio (DPR) is currently 143.28%.

Institutional Investors Weigh In On Adams Resources & Energy

An institutional investor recently raised its position in Adams Resources & Energy stock. Wittenberg Investment Management Inc. raised its stake in Adams Resources & Energy, Inc. (NYSE:AE) by 12.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,279 shares of the company’s stock after acquiring an additional 2,076 shares during the quarter. Wittenberg Investment Management Inc. owned about 0.72% of Adams Resources & Energy worth $479,000 as of its most recent filing with the Securities and Exchange Commission. 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.