Martingale Asset Management L P purchased a new position in shares of Adams Resources & Energy Inc (NYSEAMERICAN:AE) during the second quarter, HoldingsChannel reports. The institutional investor purchased 6,703 shares of the energy company’s stock, valued at approximately $289,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Uncommon Cents Investing LLC bought a new stake in Adams Resources & Energy during the 2nd quarter worth approximately $323,000. Schwab Charles Investment Management Inc. bought a new stake in Adams Resources & Energy during the 1st quarter worth approximately $277,000. Deutsche Bank AG grew its position in Adams Resources & Energy by 88.3% during the 4th quarter. Deutsche Bank AG now owns 6,332 shares of the energy company’s stock worth $273,000 after acquiring an additional 2,970 shares during the last quarter. Finally, Ancora Advisors LLC bought a new stake in Adams Resources & Energy during the 1st quarter worth approximately $925,000.

Shares of AE opened at $45.70 on Friday. Adams Resources & Energy Inc has a 52 week low of $34.37 and a 52 week high of $50.58.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 21st. Shareholders of record on Friday, September 7th will be given a $0.22 dividend. The ex-dividend date is Thursday, September 6th. This represents a $0.88 dividend on an annualized basis and a yield of 1.93%.

Adams Resources & Energy Company 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.

See Also: Price to Earnings Ratio (PE), For Valuing Stocks

Want to see what other hedge funds are holding AE? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Adams Resources & Energy Inc (NYSEAMERICAN:AE).

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

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.