At a Glance and Top Ten Holdings

Overview

Petroleum & Resources Corporation is a publicly-traded equity investment fund for investors who seek a broadly diversified exposure to the energy and natural resources sector in a conservatively-managed fund.  The Corporation has been trading on the New York Stock Exchange since January 1929.

The portfolio is managed with the expectation that it will generate returns that compare favorably to the returns of the fund's benchmarks. Investments are made with an eye towards protecting your original investment and generating dividends and capital gains that can be used as a source of income, or reinvested to increase your holdings in the Corporation.

The Corporation

  • A closed-end equity investment company emphasizing energy and natural resources stocks
  • Internally-managed
  • Low turnover

Stock Data (6/30/10)

NYSE Symbol PEO
Market Price $19.97
52-Week Range $19.07-$25.30
Discount 12.8%
Shares Outstanding 24,339,526
Summary Financial Information - Six Months Ended June 30

2010

2009

Net asset value per share

$22.90

$23.28

Total net assets

$557,345,613

$552,907,993

Unrealized appreciation

$150,837,128

$158,315,570

Net investment income

$4,185,877

$3,468,336

Net realized gain

$9,993,596

$14,042,649

Shares repurchased

--

215,835

Total return (based on market price)

(15.1)%

6.7%

Total return (based on net asset value)

(13.6)%

4.9%

Key ratios:    
Net investment income to average net assets (annualized)

1.33%

1.32%

Expenses to average net assets (annualized)

0.60%

0.87%

Portfolio turnover

11.73%

8.45%

Net cash & short-term investments to net assets

3.5%

8.5%

Ten Largest Equity Portfolio Holdings (6/30/10)

Market Value

% of Net Assets

Exxon Mobil Corp.

$72,389,300

13.0  

Chevron Corp.

63,788,400

11.5  

Occidental Petroleum Corp.

30,373,955

5.4  

Schlumberger Ltd.

26,286,500

4.7  

ConocoPhillips

17,181,500

3.1  

Apache Corp.

16,838,000

3.0  

Freeport-McMoRan Copper & Gold Inc.

16,260,750

2.9  

Royal Dutch Shell plc ADR

16,205,994

2.9  

Noble Energy, Inc.

15,685,800

2.8  

Praxair, Inc.

14,932,643

2.7  

Total

$289,942,842

52.0%

Five Year Distribution History

  Income Dividends per Share Short-Term Capital Gains per Share Long-Term Capital Gains per Share Total Distributions
per Share
Dividend Yield*

Annual Rate of Distribution**

2005

$0.56

$0.16

$1.06

$1.78

1.9%

5.9%

2006

 0.47

 0.34

 2.99

 3.80

1.4%

11.3%

2007

 0.49

 0.04

 3.78

 4.31

1.3%

11.6%

2008

 0.38

 0.04

 2.57

 2.99

1.1%

8.9%

2009

 0.37

 0.14

 0.89

 1.40

1.7%

6.6%

       

 Average:

1.5%

8.9%

* The dividend yield is the total income dividends during the year divided by the average daily market price of the Corporation's Common Stock.

** The annual rate of distribution is the total dividends and capital gain distributions during the year divided by the average daily market price of the Corporation's Common Stock.

 

 

At a Glance and Top Ten Holdings

Stock and Distribution

Nav & Stock Price PER SHARE

Net Asset Value: $ 25.22
Closing Price:

$ 21.86

Discount:

-13.3%

This is the closing price from the NYSE on 09/02/2010.

annual Rate of Distribution
2009 6.6%
5-Year Average 8.9%
*The annual rate of distribution is the total dividends and capital gain distributions during the year divided by the average daily market price of the Corporation's Common Stock.