Ascension Capital Advisors Inc. Invests $201,000 in Adams Resources & Energy, Inc. (NYSE:AE)

Ascension Capital Advisors Inc. acquired a new stake in shares of Adams Resources & Energy, Inc. (NYSE:AE) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 5,317 shares of the company’s stock, valued at approximately $201,000. Ascension Capital Advisors Inc. owned 0.21% of Adams Resources & Energy at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in AE. Barclays PLC lifted its holdings in Adams Resources & Energy by 118.5% in the 3rd quarter. Barclays PLC now owns 1,934 shares of the company’s stock valued at $52,000 after acquiring an additional 1,049 shares during the last quarter. Bard Associates Inc. raised its holdings in shares of Adams Resources & Energy by 13.1% in the 3rd quarter. Bard Associates Inc. now owns 12,438 shares of the company’s stock worth $336,000 after purchasing an additional 1,443 shares in the last quarter. Empowered Funds LLC lifted its stake in Adams Resources & Energy by 5.3% during the third quarter. Empowered Funds LLC now owns 18,542 shares of the company’s stock valued at $501,000 after purchasing an additional 938 shares during the last quarter. Cerity Partners LLC boosted its holdings in 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 buying an additional 10,977 shares in the last quarter. Finally, Wittenberg Investment Management Inc. boosted its holdings in Adams Resources & Energy by 1.6% during the third quarter. Wittenberg Investment Management Inc. now owns 21,315 shares of the company’s stock worth $576,000 after buying an additional 339 shares in the last quarter. Institutional investors own 57.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on AE. B. Riley reiterated a “neutral” rating and set a $38.00 price objective (down previously from $45.00) on shares of Adams Resources & Energy in a research report on Wednesday, November 13th. StockNews.com initiated coverage on Adams Resources & Energy in a research report on Tuesday. They set a “buy” rating on the stock.

Adams Resources & Energy Stock Performance

Shares of AE opened at $37.98 on Wednesday. The company has a 50-day moving average of $37.64 and a two-hundred day moving average of $31.77. The stock has a market cap of $97.61 million, a price-to-earnings ratio of -12.02 and a beta of 0.83. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.04 and a quick ratio of 0.89. Adams Resources & Energy, Inc. has a one year low of $22.30 and a one year 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.