Adams Resources & Energy (NYSEAMERICAN:AE) Share Price Passes Below 200 Day Moving Average of $0.00

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Adams Resources & Energy Inc (NYSEAMERICAN:AE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of $0.00 and traded as low as $30.88. Adams Resources & Energy shares last traded at $30.88, with a volume of 57 shares.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 20th. Stockholders of record on Friday, September 6th will be issued a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 3.13%.

In other news, Director Murray E. Brasseux purchased 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 19th. The shares were acquired at an average cost of $31.30 per share, for a total transaction of $31,300.00. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have bought 3,414 shares of company stock valued at $109,472 over the last quarter.

A number of institutional investors have recently added to or reduced their stakes in AE. Morgan Stanley boosted its stake in Adams Resources & Energy by 19.6% in the second quarter. Morgan Stanley now owns 2,655 shares of the energy company’s stock valued at $91,000 after acquiring an additional 436 shares during the last quarter. Vanguard Group Inc. raised its position in shares of Adams Resources & Energy by 1.2% in the second quarter. Vanguard Group Inc. now owns 92,379 shares of the energy company’s stock valued at $3,167,000 after purchasing an additional 1,087 shares during the period. Geode Capital Management LLC raised its position in shares of Adams Resources & Energy by 7.5% in the fourth 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 during the period. Ancora Advisors LLC raised its position in shares of Adams Resources & Energy by 7.3% in the second quarter. Ancora Advisors LLC now owns 32,287 shares of the energy company’s stock valued at $1,107,000 after purchasing an additional 2,196 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Adams Resources & Energy by 11.1% in the fourth 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 during the period.

About Adams Resources & Energy (NYSEAMERICAN:AE)

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.

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