Renaissance Technologies LLC Decreases Stake in Adams Resources & Energy, Inc. (NYSE:AE)

Renaissance Technologies LLC cut its stake in shares of Adams Resources & Energy, Inc. (NYSE:AE) by 1.9% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 187,656 shares of the company’s stock after selling 3,700 shares during the period. Renaissance Technologies LLC owned about 0.07% of Adams Resources & Energy worth $5,254,000 as of its most recent SEC filing.

Separately, Empowered Funds LLC raised its stake in Adams Resources & Energy by 8.1% in 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 in the last quarter. 57.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, StockNews.com cut 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

Shares of Adams Resources & Energy stock opened at $25.56 on Friday. The company has a quick ratio of 0.97, a current ratio of 1.06 and a debt-to-equity ratio of 0.33. Adams Resources & Energy, Inc. has a 52 week low of $22.30 and a 52 week high of $35.15. The firm’s 50 day moving average is $24.59 and its two-hundred day moving average is $26.36. The firm has a market capitalization of $65.69 million, a P/E ratio of 38.15 and a beta of 0.79.

Adams Resources & Energy (NYSE:AE) last posted its earnings results on Wednesday, August 7th. The company reported ($0.87) EPS for the quarter, missing analysts’ consensus estimates of ($0.21) by ($0.66). Adams Resources & Energy had a negative net margin of 0.05% and a negative return on equity of 5.43%. The company had revenue of $718.49 million during the quarter, compared to analysts’ expectations of $644.24 million. Research analysts forecast that Adams Resources & Energy, Inc. will post -1.59 EPS for the current fiscal year.

Adams Resources & Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 27th. Stockholders of record on Friday, September 13th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a dividend yield of 3.76%. The ex-dividend date is Friday, September 13th. Adams Resources & Energy’s payout ratio is currently 143.28%.

Adams Resources & Energy 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.