Petroleum Resources Corp. (peo) to Issue Dividend of C$0.16 on December 23rd
Petroleum Resources Corp. (NYSE:peo) declared a dividend on Friday, November 11th. Stockholders of record on Friday, November 25th will be paid a dividend of 0.16 per share on Friday, December 23rd. The ex-dividend date is Tuesday, November 22nd. This is a positive change from Petroleum Resources Corp.’s previous dividend of $0.10.
Petroleum Resources Corp. (NYSE:PEO) opened at 19.78 on Thursday. Petroleum Resources Corp. has a one year low of $14.29 and a one year high of $20.57. The firm’s market cap is $555.66 million. The stock’s 50 day moving average price is $19.57 and its 200-day moving average price is $19.59.
Separately, Acumen Capital lifted their target price on Petroleum Resources Corp. from C$4.70 to C$5.10 and gave the stock a “buy” rating in a report on Thursday, October 6th.
In other news, President James P. Haynie purchased 2,700 shares of the business’s stock in a transaction dated Thursday, October 20th. The shares were bought at an average cost of C$19.64 per share, for a total transaction of C$53,028.00. Following the completion of the acquisition, the president now directly owns 11,338 shares in the company, valued at approximately C$222,678.32. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. 0.49% of the stock is owned by insiders.
Petroleum Resources Corp. Company Profile
Adams Natural Resources Fund, Inc, formerly known as Petroleum & Resources Corporation, is a non-diversified closed-end investment company. The investment objectives of the Fund are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation.
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