Schwab Charles Investment Management Inc. Takes Position in Adams Resources & Energy Inc (AE)


Schwab Charles Investment Management Inc. purchased a new position in Adams Resources & Energy Inc (NYSEAMERICAN:AE) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 6,366 shares of the energy company’s stock, valued at approximately $277,000.


A number of other large investors have also modified their holdings of the business. Stone Ridge Asset Management LLC acquired a new stake in Adams Resources & Energy in the 4th quarter worth about $336,000. Deutsche Bank AG boosted its stake in Adams Resources & Energy by 88.3% in the 4th quarter. Deutsche Bank AG now owns 6,332 shares of the energy company’s stock worth $273,000 after buying an additional 2,970 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Adams Resources & Energy by 1.4% in the 4th quarter. Renaissance Technologies LLC now owns 294,900 shares of the energy company’s stock worth $12,828,000 after buying an additional 4,099 shares during the last quarter. Finally, BlackRock Inc. boosted its stake in Adams Resources & Energy by 1.0% in the 4th quarter. BlackRock Inc. now owns 173,833 shares of the energy company’s stock worth $7,563,000 after buying an additional 1,773 shares during the last quarter.


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NYSEAMERICAN AE opened at $39.99 on Thursday. Adams Resources & Energy Inc has a 1-year low of $32.80 and a 1-year high of $50.58.

Adams Resources & Energy (NYSEAMERICAN:AE) last released its quarterly earnings data on Wednesday, May 9th. The energy company reported $0.16 earnings per share for the quarter. The business had revenue of $387.26 million for the quarter. Adams Resources & Energy had a negative return on equity of 8.31% and a negative net margin of 1.03%.


The company also recently disclosed a quarterly dividend, which was paid on Friday, June 15th. Stockholders of record on Friday, June 1st were paid a $0.22 dividend. This represents a $0.88 annualized dividend and a dividend yield of 2.20%. The ex-dividend date of this dividend was Thursday, May 31st.

Adams Resources & Energy Profile

Adams Resources & Energy, Inc, through its subsidiaries, engages in the marketing, transportation, and storage of crude oil; and tank truck transportation of liquid chemicals and dry bulk in the United States. Its Marketing segment purchases crude oil, and arranges sales and deliveries to refiners and other customers primarily onshore in Texas, Oklahoma, North Dakota, Michigan, and Louisiana.

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Institutional Ownership by Quarter for Adams Resources & Energy (NYSEAMERICAN:AE)