Thomas J. Herzfeld Advisors Inc. Acquires 14,433 Shares of Petroleum & Resources Co. (NYSE:PEO)

Thomas J. Herzfeld Advisors Inc. lifted its stake in Petroleum & Resources Co. (NYSE:PEO) by 12.0% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 134,324 shares of the financial services provider’s stock after purchasing an additional 14,433 shares during the period. Petroleum & Resources makes up 1.0% of Thomas J. Herzfeld Advisors Inc.’s investment portfolio, making the stock its 29th largest holding. Thomas J. Herzfeld Advisors Inc. owned 0.47% of Petroleum & Resources worth $2,665,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Advisor Group Inc. lifted its stake in shares of Petroleum & Resources by 65.7% in the fourth quarter. Advisor Group Inc. now owns 9,410 shares of the financial services provider’s stock valued at $187,000 after purchasing an additional 3,731 shares during the period. Millennium Management LLC acquired a new stake in shares of Petroleum & Resources in the fourth quarter valued at about $291,000. Ladenburg Thalmann Financial Services Inc. lifted its stake in shares of Petroleum & Resources by 22.8% in the third quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,965 shares of the financial services provider’s stock valued at $295,000 after purchasing an additional 2,777 shares during the period. BerganKDV Wealth Management LLC acquired a new stake in shares of Petroleum & Resources in the fourth quarter valued at about $334,000. Finally, D.A. Davidson & CO. lifted its stake in shares of Petroleum & Resources by 14.7% in the third quarter. D.A. Davidson & CO. now owns 30,377 shares of the financial services provider’s stock valued at $596,000 after purchasing an additional 3,901 shares during the period. Hedge funds and other institutional investors own 22.41% of the company’s stock.

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Shares of NYSE PEO traded down $0.35 during midday trading on Friday, hitting $18.16. The company had a trading volume of 72,732 shares, compared to its average volume of 78,561. Petroleum & Resources Co. has a twelve month low of $16.90 and a twelve month high of $21.48.

In other Petroleum & Resources news, Director Frederic A. Escherich bought 2,000 shares of the company’s stock in a transaction on Tuesday, January 23rd. The stock was purchased at an average cost of $21.30 per share, for a total transaction of $42,600.00. Following the acquisition, the director now owns 10,705 shares of the company’s stock, valued at approximately $228,016.50. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.19% of the company’s stock.

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Petroleum & Resources 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.

Institutional Ownership by Quarter for Petroleum & Resources (NYSE:PEO)

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