Adams Resources & Energy Inc (NYSEAMERICAN:AE) Short Interest Up 39.8% in June

Share on StockTwits

Adams Resources & Energy Inc (NYSEAMERICAN:AE) saw a significant increase in short interest in June. As of June 30th, there was short interest totalling 49,500 shares, an increase of 39.8% from the May 30th total of 35,400 shares. Based on an average daily trading volume, of 13,000 shares, the short-interest ratio is currently 3.8 days. Approximately 2.2% of the company’s stock are sold short.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in AE. FMR LLC boosted its holdings in Adams Resources & Energy by 3.2% in the 1st quarter. FMR LLC now owns 199,739 shares of the energy company’s stock valued at $7,802,000 after purchasing an additional 6,170 shares in the last quarter. Deprince Race & Zollo Inc. boosted its holdings in Adams Resources & Energy by 4.0% in the 1st quarter. Deprince Race & Zollo Inc. now owns 85,765 shares of the energy company’s stock valued at $3,350,000 after purchasing an additional 3,338 shares in the last quarter. BlackRock Inc. boosted its holdings in Adams Resources & Energy by 1.7% in the 4th quarter. BlackRock Inc. now owns 178,904 shares of the energy company’s stock valued at $6,925,000 after purchasing an additional 2,929 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in Adams Resources & Energy by 11.1% in the 4th quarter. Bank of New York Mellon Corp now owns 25,028 shares of the energy company’s stock valued at $969,000 after purchasing an additional 2,502 shares in the last quarter. Finally, Geode Capital Management LLC boosted its holdings in Adams Resources & Energy by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 24,934 shares of the energy company’s stock valued at $965,000 after purchasing an additional 1,745 shares in the last quarter.

AE opened at $32.61 on Friday. Adams Resources & Energy has a one year low of $31.81 and a one year high of $46.84.

Adams Resources & Energy (NYSEAMERICAN:AE) last posted its earnings results on Wednesday, May 8th. The energy company reported $0.20 EPS for the quarter. The firm had revenue of $445.17 million for the quarter.

The business also recently declared a quarterly dividend, which was paid on Friday, June 21st. Investors of record on Friday, June 7th were issued a dividend of $0.24 per share. The ex-dividend date was Thursday, June 6th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 2.94%. This is a positive change from Adams Resources & Energy’s previous quarterly dividend of $0.22.

Adams Resources & Energy Company Profile

Adams Resources & Energy, Inc, through its subsidiaries, primarily engages in the marketing, transportation, and storage of crude oil in the United States. The company operates in two segments, Crude Oil Marketing, Transportation and Storage; and Tank Truck Transportation of Liquid Chemicals and Dry Bulk.

Recommended Story: Differences Between Momentum Investing and Long Term Investing

Receive News & Ratings for Adams Resources & Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Resources & Energy and related companies with MarketBeat.com's FREE daily email newsletter.