Adams Resources & Energy, Inc. (NYSE:AE) Shares Bought by Geode Capital Management LLC

Geode Capital Management LLC lifted its holdings in shares of Adams Resources & Energy, Inc. (NYSE:AE) by 2.6% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 25,765 shares of the company’s stock after buying an additional 641 shares during the period. Geode Capital Management LLC owned approximately 1.00% of Adams Resources & Energy worth $973,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in AE. Chicago Capital Management LLC bought a new position in Adams Resources & Energy in the 4th quarter valued at about $3,648,000. Skandinaviska Enskilda Banken AB publ acquired a new stake in shares of Adams Resources & Energy in the 4th quarter worth approximately $93,000. Net Worth Advisory Group bought a new position in shares of Adams Resources & Energy in the fourth quarter valued at approximately $209,000. Raymond James Financial Inc. acquired a new position in shares of Adams Resources & Energy during the fourth quarter valued at approximately $524,000. Finally, Atria Investments Inc bought a new stake in Adams Resources & Energy during the fourth quarter worth approximately $257,000. 57.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Separately, StockNews.com began coverage on shares of Adams Resources & Energy in a report on Wednesday. They issued a “buy” rating for the company.

Adams Resources & Energy Price Performance

NYSE AE opened at $37.98 on Friday. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.89 and a current ratio of 1.04. The stock has a market capitalization of $97.61 million, a PE ratio of -12.02 and a beta of 0.83. The stock has a 50-day simple moving average of $37.98 and a 200 day simple moving average of $36.21. Adams Resources & Energy, Inc. has a twelve month low of $22.30 and a twelve month high of $38.00.

About Adams Resources & Energy

Adams Resources & Energy, Inc engages in the business of crude oil marketing, transportation and storage in various crude oil and natural gas basins. It operates through the following 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.