Raymond James & Associates Has $1.53 Million Stake in Petroleum & Resources Co. (PEO)

Raymond James & Associates reduced its stake in Petroleum & Resources Co. (NYSE:PEO) by 6.7% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 77,050 shares of the financial services provider’s stock after selling 5,534 shares during the quarter. Raymond James & Associates’ holdings in Petroleum & Resources were worth $1,529,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently modified their holdings of PEO. Wells Fargo & Company MN boosted its position in shares of Petroleum & Resources by 4.3% in the 3rd quarter. Wells Fargo & Company MN now owns 148,949 shares of the financial services provider’s stock worth $2,927,000 after purchasing an additional 6,085 shares in the last quarter. Ladenburg Thalmann Financial Services Inc. boosted its position in shares of Petroleum & Resources by 22.8% in the 3rd quarter. Ladenburg Thalmann Financial Services Inc. now owns 14,965 shares of the financial services provider’s stock worth $295,000 after purchasing an additional 2,777 shares in the last quarter. BerganKDV Wealth Management LLC bought a new stake in shares of Petroleum & Resources in the 4th quarter worth approximately $334,000. Matisse Capital boosted its position in shares of Petroleum & Resources by 0.7% in the 4th quarter. Matisse Capital now owns 363,778 shares of the financial services provider’s stock worth $7,217,000 after purchasing an additional 2,493 shares in the last quarter. Finally, Destination Wealth Management bought a new stake in shares of Petroleum & Resources in the 4th quarter worth approximately $689,000. 22.41% of the stock is currently owned by hedge funds and other institutional investors.

How to Become a New Pot Stock Millionaire

In other Petroleum & Resources news, Director Frederic A. Escherich acquired 2,000 shares of the stock in a transaction that occurred on Tuesday, January 23rd. The shares were acquired at an average cost of $21.30 per share, with a total value of $42,600.00. Following the transaction, the director now owns 10,705 shares of the company’s stock, valued at approximately $228,016.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.19% of the company’s stock.

PEO stock opened at $19.09 on Monday. Petroleum & Resources Co. has a 12-month low of $16.90 and a 12-month high of $21.48.

COPYRIGHT VIOLATION NOTICE: This article was first reported by Chaffey Breeze and is owned by of Chaffey Breeze. If you are reading this article on another site, it was illegally stolen and reposted in violation of U.S. and international copyright legislation. The original version of this article can be viewed at https://www.chaffeybreeze.com/2018/04/16/raymond-james-associates-has-1-53-million-stake-in-petroleum-resources-co-peo.html.

About Petroleum & Resources

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.

Want to see what other hedge funds are holding PEO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Petroleum & Resources Co. (NYSE:PEO).

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

Receive News & Ratings for Petroleum & Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Petroleum & Resources and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply