Adams Resources & Energy (NYSE:AE) Given “Neutral” Rating at B. Riley

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

Adams Resources & Energy Stock Up 35.6 %

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

Hedge Funds Weigh In On Adams Resources & Energy

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Empowered Funds LLC increased 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 purchasing an additional 1,225 shares during the period. Cerity Partners LLC lifted its holdings in shares of Adams Resources & Energy by 117.1% in the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock valued at $549,000 after purchasing an additional 10,977 shares in the last quarter. Wittenberg Investment Management Inc. raised 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 valued at $576,000 after buying an additional 339 shares during the last quarter. Round Hill Asset Management increased its position in Adams Resources & Energy by 71.6% during the third 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 during the last quarter. Finally, Bard Associates Inc. increased its position in Adams Resources & Energy by 13.1% during the third quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock worth $336,000 after purchasing an additional 1,443 shares during the last quarter. Hedge funds and other institutional investors own 57.81% of the company’s stock.

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.