National Bank Financial Reaffirms “Outperform” Rating for Adams Natural Resources Fund (NYSE:PEO)

National Bank Financial reissued their outperform rating on shares of Adams Natural Resources Fund (NYSE:PEO) in a report issued on Thursday, Stock Target Advisor reports. They currently have a $11.00 price objective on the financial services provider’s stock.

Several other brokerages have also recently commented on PEO. CIBC reissued an average rating and issued a $11.00 price target on shares of Adams Natural Resources Fund in a research note on Wednesday, July 31st. Canaccord Genuity reissued an average rating on shares of Adams Natural Resources Fund in a research note on Wednesday, July 31st. Finally, Clarus Securities reissued an average rating on shares of Adams Natural Resources Fund in a research note on Wednesday, August 7th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. Adams Natural Resources Fund presently has an average rating of Hold and a consensus target price of $10.50.

Shares of NYSE PEO traded down $0.03 during trading hours on Thursday, hitting $15.43. The stock had a trading volume of 3,415 shares, compared to its average volume of 109,238. The firm’s 50-day moving average price is $15.58 and its two-hundred day moving average price is $16.06. Adams Natural Resources Fund has a 52 week low of $13.60 and a 52 week high of $18.95.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Stonehage Fleming Financial Services Holdings Ltd acquired a new stake in Adams Natural Resources Fund in the 2nd quarter worth approximately $52,000. Vanguard Capital Wealth Advisors acquired a new stake in Adams Natural Resources Fund in the 3rd quarter worth approximately $195,000. Global Endowment Management LP acquired a new stake in Adams Natural Resources Fund in the 2nd quarter worth approximately $196,000. Creative Planning lifted its holdings in Adams Natural Resources Fund by 6.7% in the 2nd quarter. Creative Planning now owns 12,617 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 789 shares during the last quarter. Finally, Alpine Group USVI LLC acquired a new stake in Adams Natural Resources Fund in the 3rd quarter worth approximately $224,000. 22.12% of the stock is owned by institutional investors and hedge funds.

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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Analyst Recommendations for Adams Natural Resources Fund (NYSE:PEO)

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