Raymond James Financial Inc. Acquires Shares of 227,406 Adams Natural Resources Fund, Inc. (NYSE:PEO)

Raymond James Financial Inc. bought a new position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 227,406 shares of the financial services provider's stock, valued at approximately $4,944,000. Raymond James Financial Inc. owned about 0.89% of Adams Natural Resources Fund at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Jones Financial Companies Lllp grew its stake in Adams Natural Resources Fund by 31.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,547 shares of the financial services provider's stock valued at $99,000 after purchasing an additional 1,100 shares during the last quarter. Kovack Advisors Inc. boosted its position in Adams Natural Resources Fund by 4.6% in the fourth quarter. Kovack Advisors Inc. now owns 22,740 shares of the financial services provider's stock valued at $494,000 after buying an additional 991 shares during the last quarter. Sprott Inc. boosted its position in Adams Natural Resources Fund by 307.3% in the fourth quarter. Sprott Inc. now owns 52,487 shares of the financial services provider's stock valued at $1,141,000 after buying an additional 39,599 shares during the last quarter. Sanctuary Advisors LLC increased its holdings in Adams Natural Resources Fund by 6.4% in the 4th quarter. Sanctuary Advisors LLC now owns 26,266 shares of the financial services provider's stock worth $585,000 after buying an additional 1,569 shares during the period. Finally, Principal Securities Inc. raised its position in Adams Natural Resources Fund by 50.1% during the 4th quarter. Principal Securities Inc. now owns 26,133 shares of the financial services provider's stock worth $568,000 after buying an additional 8,724 shares during the last quarter. Institutional investors and hedge funds own 33.54% of the company's stock.

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Adams Natural Resources Fund Stock Performance

NYSE PEO traded up $0.02 on Friday, hitting $22.68. 29,063 shares of the company's stock traded hands, compared to its average volume of 47,978. The firm's 50-day moving average price is $22.34 and its two-hundred day moving average price is $22.87. Adams Natural Resources Fund, Inc. has a 1-year low of $20.78 and a 1-year high of $24.23.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a -- dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, January 27th were issued a $0.53 dividend. This represents a yield of 5.3%. This is a positive change from Adams Natural Resources Fund's previous -- dividend of $0.16. The ex-dividend date of this dividend was Monday, January 27th.

Insiders Place Their Bets

In related news, VP Gregory W. Buckley bought 1,450 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The shares were purchased at an average cost of $23.30 per share, with a total value of $33,785.00. Following the completion of the acquisition, the vice president now directly owns 17,604 shares in the company, valued at approximately $410,173.20. The trade was a 8.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is owned by insiders.

Adams Natural Resources Fund Profile

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. 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.