Adams Resources & Energy (NYSEAMERICAN:AE – Get Rating) issued its quarterly earnings data on Monday. The energy company reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $1.16, Fidelity Earnings reports. Adams Resources & Energy had a net margin of 0.91% and a return on equity of 2.06%.
NYSEAMERICAN AE opened at $34.47 on Tuesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 1.38 and a current ratio of 1.52. The firm has a market cap of $150.56 million, a P/E ratio of 9.88 and a beta of 0.99. The firm has a 50-day moving average price of $36.45. Adams Resources & Energy has a 1-year low of $25.46 and a 1-year high of $39.89.
The company also recently announced a quarterly dividend, which was paid on Friday, March 18th. Investors of record on Friday, March 4th were issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date was Thursday, March 3rd. Adams Resources & Energy’s dividend payout ratio (DPR) is 27.51%.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Morgan Stanley lifted its holdings in Adams Resources & Energy by 39.0% during the 2nd quarter. Morgan Stanley now owns 4,783 shares of the energy company’s stock worth $133,000 after buying an additional 1,342 shares in the last quarter. Geode Capital Management LLC grew its stake in shares of Adams Resources & Energy by 35.5% in the third quarter. Geode Capital Management LLC now owns 19,385 shares of the energy company’s stock worth $588,000 after acquiring an additional 5,082 shares in the last quarter. Barclays PLC increased its position in shares of Adams Resources & Energy by 149.7% during the fourth quarter. Barclays PLC now owns 3,449 shares of the energy company’s stock worth $96,000 after acquiring an additional 2,068 shares during the period. Wells Fargo & Company MN raised its stake in shares of Adams Resources & Energy by 2.1% in the fourth quarter. Wells Fargo & Company MN now owns 112,009 shares of the energy company’s stock valued at $3,115,000 after acquiring an additional 2,260 shares in the last quarter. Finally, BlackRock Inc. boosted its holdings in Adams Resources & Energy by 1.6% in the fourth quarter. BlackRock Inc. now owns 81,907 shares of the energy company’s stock valued at $2,278,000 after purchasing an additional 1,307 shares during the period. 36.19% of the stock is currently owned by hedge funds and other institutional investors.
Adams Resources & Energy Company Profile (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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