A Director at Adams Resources (NYSE MKT: AE) is Buying Shares

By Carrie Williams

Today, a Director at Adams Resources (AEResearch Report), Murray Brasseux, bought shares of AE for $31.3K.

In addition to Murray Brasseux, 4 other AE executives reported Buy trades in the last month.

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Based on Adams Resources’ latest earnings report for the quarter ending June 30, the company posted quarterly revenue of $484 million and quarterly net profit of $6,000. In comparison, last year the company earned revenue of $452 million and had a net profit of $3.62 million. The company has a one-year high of $46.84 and a one-year low of $30.82. AE’s market cap is $133.4M and the company has a P/E ratio of 42.14.

The insider sentiment on Adams Resources has been positive according to 16 insider trades in the past three months. This sentiment is slightly higher than the average sentiment of company insiders in this sector.

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Adams Resources & Energy, Inc. is engaged in the business of crude oil marketing, storage, tank truck transportation of liquid chemicals, and oil & gas exploration and production. It operates through the following business segment: Marketing, Transportation, and Oil & Gas.