0001386929-24-000005.txt : 20240409 0001386929-24-000005.hdr.sgml : 20240409 20240409132509 ACCESSION NUMBER: 0001386929-24-000005 CONFORMED SUBMISSION TYPE: 13F-HR PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240409 DATE AS OF CHANGE: 20240409 EFFECTIVENESS DATE: 20240409 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Adams Asset Advisors, LLC CENTRAL INDEX KEY: 0001386929 ORGANIZATION NAME: IRS NUMBER: 743034621 STATE OF INCORPORATION: TX FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 13F-HR SEC ACT: 1934 Act SEC FILE NUMBER: 028-12061 FILM NUMBER: 24831950 BUSINESS ADDRESS: STREET 1: 10670 N. CENTRAL EXPWY STREET 2: STE 470 CITY: DALLAS STATE: TX ZIP: 75231 BUSINESS PHONE: 214-360-7410 MAIL ADDRESS: STREET 1: 10670 N. CENTRAL EXPWY STREET 2: STE 470 CITY: DALLAS STATE: TX ZIP: 75231 13F-HR 1 primary_doc.xml X0202 13F-HR LIVE false false false 0001386929 XXXXXXXX 03-31-2024 03-31-2024 Adams Asset Advisors, LLC
10670 N. CENTRAL EXPWY STE 470 DALLAS TX 75231
13F HOLDINGS REPORT 028-12061 N
STEVE ADAMS OWNER 214-360-7410 STEVE ADAMS DALLAS TX 04-09-2024 0 77 773100193 false
INFORMATION TABLE 2 aaa13fmar2024.xml 13F ABBVIE COM 00287Y109 13076419 71809 SH SOLE 0 12941 0 58868 ALLIANCE RESOURCE PAR LP COM 01877R108 6233244 310885 SH SOLE 0 213448 0 97437 ALTRIA GROUP INC COM 02209S103 11741356 269174 SH SOLE 0 65159 0 204015 AMGEN INC COM 031162100 11386732 40049 SH SOLE 0 4768 0 35281 APPLE INC COM 037833100 16688434 97320 SH SOLE 0 0 0 97320 ARMADA HOFFLER PROPERTIES COM 04208T108 329243 31658 SH SOLE 0 31658 0 0 AT&T COM 00206R102 11114101 631483 SH SOLE 0 186348 0 445135 BANK OF AMERICA COM 060505104 12950249 341515 SH SOLE 0 46635 0 294880 BERKSHIRE HATHAWAY INC CL B NEW 084670702 312867 744 SH SOLE 0 0 0 744 BLACKSTONE SECURED LENDING F COM 09261X102 2020077 64850 SH SOLE 0 14500 0 50350 BLUE OWL CAPITAL CORP COM 69121K104 478426 31107 SH SOLE 0 30000 0 1107 BRIGHTSPIRE CAPITAL INC COM CL A 10949T109 439341 63765 SH SOLE 0 63765 0 0 BRISTOL-MYERS SQUIBB COCOM COM 110122108 9662322 178173 SH SOLE 0 24541 0 153632 BRITISH AMER TOBACCO F SPONSORED ADR COM 110448107 10979847 359995 SH SOLE 0 145802 0 214193 CALUMET SPECIALTY PROD COM 131476103 80995782 5450591 SH SOLE 0 3721215 1729376 1729376 CHEVRON CORP COM 166764100 11783336 74701 SH SOLE 0 0 0 74701 CISCO SYSTEMS INC COM 17275R102 8265146 165601 SH SOLE 0 30200 0 135401 CITIGROUP INC COM 172967424 12108753 191473 SH SOLE 0 27920 0 163553 CONAGRA BRANDS INC COM 205887102 6170900 208195 SH SOLE 0 42731 0 165464 CUMMINS INC COM 231021106 10337206 35083 SH SOLE 0 7574 0 27509 DORCHESTER MINERALS LP COM 25820R105 21182331 628183 SH SOLE 0 146706 0 481477 ENBRIDGE INC COM COM 29250N105 1381135 38174 SH SOLE 0 0 38174 ENERGY TRANSFER LP COM 29273V100 22910193 1456465 SH SOLE 0 485040 0 971425 ENTERPRISE PRODUCTS PPTNSLP COM 293792107 7126573 244228 SH SOLE 0 0 0 244228 EXXON MOBIL CORP COM 30231G102 1101955 9480 SH SOLE 0 0 0 9480 FIRST FINANCIAL BANKSHARES INC COM 32020R109 287416 8760 SH SOLE 0 0 0 8760 FS KKR CAPITAL CORP COM 302635206 1758654 92221 SH SOLE 0 21750 0 70471 GLOBAL PARTNERS LP COMUNITS COM 37946R109 437587 9860 SH SOLE 0 0 0 9860 GLOBAL X FDS GLBL X MLPETF COM 37954Y343 318204 6599 SH SOLE 0 0 0 6599 GOLDMAN SACHS BDC INC SHS 38147U107 1841446 122927 SH SOLE 0 28600 0 94327 GOLDMAN SACHS GROUP COM 38141G104 6947438 16633 SH SOLE 0 4600 0 12033 HESS CORPORATION COM COM 42809H107 408923 2679 SH SOLE 0 0 0 2679 HF SINCLAIR CORP COM 403949100 11829260 195946 SH SOLE 0 20853 0 175093 HP INC COM 40434L105 6931984 229384 SH SOLE 0 41284 0 188100 ISHARES IBOXX INVESTMENT GRADE CORP BONDS COM 464287242 378624 3476 SH SOLE 0 0 0 3476 JOHNSON & JOHNSON COM 478160104 911490 5762 SH SOLE 0 0 0 5762 KIMBERLY-CLARK CORP COM 494368103 10300011 79629 SH SOLE 0 12110 0 67519 KINDER MORGAN INC COM 49456B101 3604268 196525 SH SOLE 0 0 0 196525 KRAFT HEINZ CO COM 500754106 9130647 247443 SH SOLE 0 35512 0 211931 MARATHON OIL CORP COM COM 565849106 257951 9102 SH SOLE 0 0 0 9102 MEDICAL PROPERTIES TRUST INC COM 58463J304 1872917 398493 SH SOLE 0 337000 0 61493 MICROSOFT CORP COM 594918104 6353713 15102 SH SOLE 0 0 0 15102 MPLX LP COM 55336V100 8591283 206720 SH SOLE 0 32605 0 174115 MURPHY OIL CORP COM COM 626717102 236040 5165 SH SOLE 0 0 0 5165 NEWMONT COPR COM 651639106 9648701 269216 SH SOLE 0 32985 0 236231 NEXPOINT DIVERSIFIED REAL ES COM NEW 65340G205 734580 111300 SH SOLE 0 111300 0 0 NIO INC SPON ADS COM 62914V106 51993 11554 SH SOLE 0 0 0 11554 NNN REIT INC COM COM 637417106 533438 12481 SH SOLE 0 0 0 12481 NUSTAR ENERGY LP COM 67058H102 15711811 675196 SH SOLE 0 180000 0 495196 OCCIDENTAL PETE CORP WTS EXP 08/03/2027 *W EXP 08/03/2027 674599162 20195798 468580 SH SOLE 0 254425 0 214155 OCCIDENTAL PETROL CORP COM 674599105 232919935 3583935 SH SOLE 0 1579240 0 2004695 ONEOK INC COM 682680103 1846556 23033 SH SOLE 0 0 0 23033 PEPSICO INC COM 713448108 4676617 26722 SH SOLE 0 3699 0 23023 PFIZER INC COM 717081103 8651368 311761 SH SOLE 0 39489 0 272272 PLAINS ALL AMERICAN PIPELINE LP COM 726503105 13827113 787421 SH SOLE 0 146460 0 640961 PLAINS GP HOLDINGS LP COM 72651A207 289919 15886 SH SOLE 0 0 0 15886 PROCTER AND GAMBLE CO COM 742718109 689562 4250 SH SOLE 0 0 0 4250 RAYONIER INC COM 754907103 232913 7007 SH SOLE 0 0 0 7007 REALTY INCOME COPR REIT COM 756109104 1297913 23991 SH SOLE 0 0 0 23991 RLJ LODGING TRUST CUM CONV PFD A 74965L200 2516250 102746 SH SOLE 0 51948 0 50798 SELECT WATER SOLUTIONSINC CL A COM COM 81617J301 3776556 409161 SH SOLE 0 0 0 409161 SIMON PROPERTY GROUP INC COM 828806109 905921 5789 SH SOLE 0 0 0 5789 SMUCKER J M CO COM 832696405 4869659 38688 SH SOLE 0 10569 0 28119 STARWOOD PROPERTY TRUST INC COM 85571B105 996800 49031 SH SOLE 0 21500 0 27531 SUN COMMUNITIES REIT COM 866674104 2863477 22270 SH SOLE 0 0 0 22270 SUNOCO LP COM 86765K109 18896996 313435 SH SOLE 0 88000 0 225435 TRINITY PETROLEUM TR COM 896556107 721440 10020 SH SOLE 0 10020 0 0 UNITED PARCEL SERVICE COM 911312106 2554207 17185 SH SOLE 0 0 0 17185 UNIVERSAL CORP VA COM 913456109 7815202 151106 SH SOLE 0 26691 0 124415 VALERO ENERGY CORP NEW COM 91913Y100 12357103 72395 SH SOLE 0 10682 0 61713 VERIZON COMMUNICATIONS COM 92343V104 13132054 312966 SH SOLE 0 87888 0 225078 VERTEX ENERGY INC COM 92534K107 252000 180000 SH SOLE 0 180000 0 0 WELLS FARGO & CO COM 949746101 10509191 181318 SH SOLE 0 29449 0 151869 WESTERN MIDSTREAM PARTNERS LP COM 958669103 11780666 331383 SH SOLE 0 40905 0 290478 WEYERHAEUSER CO COM COM 962166104 1814963 50542 SH SOLE 0 0 0 50542 WILLIAMS COS INC COM 969457100 1497890 38437 SH SOLE 0 0 0 38437 WP CAREY INC COM COM 92936U109 1357777 24057 SH SOLE 0 0 0 24057