Adams Natural Resources Fund (PEO) Rating Reiterated by Desjardins

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Adams Natural Resources Fund (NYSE:PEO)‘s stock had its “buy” rating reissued by equities research analysts at Desjardins in a research note issued to investors on Friday. They currently have a $9.50 target price on the financial services provider’s stock. Desjardins’ target price suggests a potential downside of 42.49% from the stock’s previous close.

Shares of PEO opened at $16.52 on Friday. Adams Natural Resources Fund has a fifty-two week low of $13.60 and a fifty-two week high of $21.00.

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Bank of America Corp DE boosted its holdings in shares of Adams Natural Resources Fund by 39.2% in the 2nd quarter. Bank of America Corp DE now owns 152,129 shares of the financial services provider’s stock valued at $3,056,000 after buying an additional 42,814 shares during the period. Advisors Asset Management Inc. acquired a new stake in shares of Adams Natural Resources Fund during the second quarter valued at approximately $321,000. North Star Asset Management Inc. raised its holdings in shares of Adams Natural Resources Fund by 4.9% during the third quarter. North Star Asset Management Inc. now owns 176,615 shares of the financial services provider’s stock valued at $3,522,000 after acquiring an additional 8,260 shares during the period. Wells Fargo & Company MN raised its holdings in shares of Adams Natural Resources Fund by 6.6% during the third quarter. Wells Fargo & Company MN now owns 53,031 shares of the financial services provider’s stock valued at $1,057,000 after acquiring an additional 3,267 shares during the period. Finally, Doliver Capital Advisors LP raised its holdings in shares of Adams Natural Resources Fund by 11.4% during the third quarter. Doliver Capital Advisors LP now owns 40,590 shares of the financial services provider’s stock valued at $809,000 after acquiring an additional 4,140 shares during the period. 22.27% of the stock is owned by institutional investors.

About Adams Natural Resources Fund

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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