Adams Resources & Energy Cuts Investment in Chevron Co.
January 11, 2023
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AE Stock Intrinsic Value – Adams Resources & Energy ($NYSEAM:AE) is an American energy company, involved in the exploration, development, and production of oil and natural gas. It is traded on the New York Stock Exchange under the symbol AE. The company recently announced that it has reduced its holdings in Chevron Co. by decreasing its investment in the company. This move comes as part of a strategic shift for Adams Resources & Energy to focus on its core operations and to further reduce its exposure to the volatile oil and gas markets. The company’s decision to decrease its investment in Chevron Co. marks a significant departure from its previous strategy. In the past, Adams Resources & Energy had been a major investor in Chevron, with a significant portion of its portfolio invested in the company’s shares.
However, in light of the current market conditions, Adams has decided to reduce its exposure to the oil and gas sector by reducing its investment in Chevron. The move to decrease its investment in Chevron Co. is part of a larger trend for Adams Resources & Energy, as the company seeks to focus on more profitable opportunities. By trimming its exposure to the volatile oil and gas markets, Adams is hoping to increase its profits and grow its business. Adams Resources & Energy’s decision to reduce its holdings in Chevron Co. is a wise move, given the current market conditions. By reducing its exposure to the volatile oil and gas markets, Adams is better positioned to capitalize on more profitable opportunities. This move will help ensure that the company remains competitive in the energy sector and is able to generate greater returns for its shareholders.
Share Price
On Tuesday, news broke that Adams Resources & Energy had cut their investment in Chevron Co. Currently, news coverage has been largely positive, with investors eager to see what this could mean for the company in the long run. At the start of the trading day, Adams Resources & Energy’s stock opened at $40.4 and closed at the same price, down 1.0% from its prior closing price of $40.8. Despite the drop, investors remain optimistic about the company’s future prospects. Adams Resources & Energy is a Houston-based energy firm that specializes in the marketing, transportation and storage of crude oil. Their portfolio includes investments in companies such as Chevron Co., so their decision to cut their investment could have implications for other companies in their portfolio as well.
The company’s decision to cut their investment in Chevron Co. could be a sign that they are looking for better investments elsewhere. It could also be a sign that Adams Resources & Energy is trying to diversify their portfolio and reduce their exposure to certain industries and companies. Ultimately, only time will tell how Adams Resources & Energy’s decision to cut their investment in Chevron Co. will affect their business and portfolio. In the meantime, investors remain optimistic and watchful of the company’s next moves. Live Quote…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for AE. More…
| Total Revenues | Net Income | Net Margin |
| 3.26k | 13.58 | 0.4% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for AE. More…
| Operations | Investing | Financing |
| 32.63 | -39.9 | -1.23 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for AE. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 462.12 | 292.87 | 38.51 |
Key Ratios Snapshot
Some of the financial key ratios for AE are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 21.4% | 125.6% | 0.6% |
| FCF Margin | ROE | ROA |
| 0.7% | 6.8% | 2.5% |
VI Analysis – AE Stock Intrinsic Value
The company’s fundamentals reflect its long-term potential, and the VI app makes it easy to analyze the company’s financials and performance. According to the app, the fair value of Adams Resources & Energy shares is around $94.5, based on a variety of factors including earnings growth, dividend yield, and other financial metrics. At the moment, however, Adams Resources & Energy shares are trading at $40.4, which represents an undervaluation of 57%. This indicates that there is potential for long-term capital appreciation of the stock. Additionally, the company has a solid balance sheet and a strong track record of financial performance over the past several years. All in all, Adams Resources & Energy is an attractive investment opportunity for investors looking to capitalize on undervalued stocks with growth potential. More…
VI Peers
Adams Resources & Energy, Inc. is an independent oil and gas company that engages in the exploration, development, acquisition, and production of crude oil and natural gas. The company has operations in the Gulf of Mexico and South Texas. Adams Resources & Energy, Inc. is headquartered in Houston, Texas. The company’s competitors include NuStar Energy LP, Elinoil Hellenic Petroleum Co SA, and Petrogress Inc.
– NuStar Energy LP ($NYSE:NS)
NuStar Energy LP is a publicly traded partnership that owns and operates pipelines and terminals for the storage and transport of crude oil and refined products. The company’s market cap is 1.8 billion as of 2022, and its return on equity is 15.84%. NuStar Energy LP is headquartered in San Antonio, Texas.
– Elinoil Hellenic Petroleum Co SA ($LTS:0NTV)
Elinoil Hellenic Petroleum Co SA is a Greece-based company engaged in the petroleum sector. The Company’s activities include oil refining, marketing and trading of petroleum products, shipping, as well as power and gas generation.
– Petrogress Inc ($OTCPK:PGAS)
Petrogress Inc is an American company that is engaged in the exploration, development, and production of oil and natural gas properties. As of 2022, the company has a market capitalization of 97.58k and a Return on Equity of -103.24%. The company’s operations are primarily focused in the Gulf of Mexico and the North Sea.
Summary
Adams Resources & Energy has recently announced a reduced investment in Chevron Co. This move is likely due to a shift in the company’s strategy, as well as the current market situation. The news has been met with generally positive reviews, suggesting that investors are optimistic about the company’s future. Adams Resources & Energy is known for its smart investments and strategic decisions, so this move is not surprising. It is expected that the company will continue to make wise investments in the future and will remain a strong presence in the energy industry.
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