Adams Natural Resources Fund (PEO) Earns Buy Rating from Desjardins

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Adams Natural Resources Fund (NYSE:PEO)‘s stock had its “buy” rating reaffirmed by analysts at Desjardins in a note issued to investors on Friday. They currently have a $9.50 price objective on the financial services provider’s stock. Desjardins’ price target would indicate a potential downside of 42.63% from the company’s current price.

NYSE:PEO traded up $0.04 during trading on Friday, reaching $16.56. The company’s stock had a trading volume of 47,129 shares, compared to its average volume of 80,780. Adams Natural Resources Fund has a 12 month low of $13.60 and a 12 month high of $21.00.

Hedge funds have recently bought and sold shares of the company. Whitener Capital Management Inc. bought a new position in shares of Adams Natural Resources Fund during the 3rd quarter worth $177,000. Cutler Capital Management LLC bought a new position in shares of Adams Natural Resources Fund during the 4th quarter worth $160,000. Kovack Advisors Inc. bought a new position in shares of Adams Natural Resources Fund during the 4th quarter worth $169,000. Advisors Asset Management Inc. bought a new position in shares of Adams Natural Resources Fund during the 2nd quarter worth $321,000. Finally, NINE MASTS CAPITAL Ltd bought a new position in shares of Adams Natural Resources Fund during the 3rd quarter worth $371,000. Institutional investors own 22.27% of the company’s stock.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets across the globe. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.

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