Round Hill Asset Management Has $620,000 Position in Adams Resources & Energy, Inc. (NYSE:AE)

Round Hill Asset Management grew its position in Adams Resources & Energy, Inc. (NYSE:AE) by 71.6% during the 3rd quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 22,979 shares of the company’s stock after purchasing an additional 9,587 shares during the period. Round Hill Asset Management owned about 0.89% of Adams Resources & Energy worth $620,000 as of its most recent filing with the SEC.

Several other large investors have also made changes to their positions in AE. Bard Associates Inc. increased its holdings in Adams Resources & Energy by 13.1% during the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock valued at $336,000 after purchasing an additional 1,443 shares in the last quarter. Cerity Partners LLC grew its holdings in shares of Adams Resources & Energy by 117.1% during the third quarter. Cerity Partners LLC now owns 20,350 shares of the company’s stock worth $549,000 after purchasing an additional 10,977 shares during the last quarter. Finally, Empowered Funds LLC increased its stake in shares of Adams Resources & Energy by 5.3% in the third quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after buying an additional 938 shares in the last quarter. Institutional investors own 57.81% of the company’s stock.

Adams Resources & Energy Price Performance

Shares of AE stock opened at $37.20 on Friday. The firm has a market cap of $95.90 million, a price-to-earnings ratio of -11.77 and a beta of 0.79. Adams Resources & Energy, Inc. has a 12 month low of $22.30 and a 12 month high of $37.90. The company has a quick ratio of 0.89, a current ratio of 1.04 and a debt-to-equity ratio of 0.17. The stock has a 50-day moving average price of $28.55 and a 200 day moving average price of $26.73.

Adams Resources & Energy (NYSE:AE) last issued its quarterly earnings results on Tuesday, November 12th. The company reported ($1.76) EPS for the quarter, missing the consensus estimate of ($0.56) by ($1.20). Adams Resources & Energy had a negative return on equity of 8.14% and a negative net margin of 0.29%. The business had revenue of $695.16 million for the quarter, compared to analyst estimates of $649.00 million. Research analysts expect that Adams Resources & Energy, Inc. will post -2.65 EPS for the current year.

Adams Resources & Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Stockholders of record on Friday, December 6th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.58%. The ex-dividend date of this dividend is Friday, December 6th. Adams Resources & Energy’s dividend payout ratio (DPR) is currently -30.38%.

Wall Street Analyst Weigh In

AE has been the topic of a number of research analyst reports. B. Riley reissued a “neutral” rating and set a $38.00 price objective (down previously from $45.00) on shares of Adams Resources & Energy in a report on Wednesday, November 13th. StockNews.com began coverage on shares of Adams Resources & Energy in a report on Thursday. They issued a “buy” rating for the company.

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.