Adams Diversified Equity Fund Inc. Boosts Stake in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Adams Diversified Equity Fund Inc. raised its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 4.6% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 2,340,933 shares of the financial services provider's stock after buying an additional 102,254 shares during the quarter. Adams Natural Resources Fund accounts for about 1.9% of Adams Diversified Equity Fund Inc.'s holdings, making the stock its 8th biggest position. Adams Diversified Equity Fund Inc. owned approximately 9.18% of Adams Natural Resources Fund worth $50,892,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Cullen Investment Group LTD. raised its stake in shares of Adams Natural Resources Fund by 1.9% during the 4th quarter. Cullen Investment Group LTD. now owns 28,786 shares of the financial services provider's stock worth $626,000 after purchasing an additional 546 shares in the last quarter. Moors & Cabot Inc. grew its position in Adams Natural Resources Fund by 4.6% in the fourth quarter. Moors & Cabot Inc. now owns 15,298 shares of the financial services provider's stock worth $333,000 after acquiring an additional 669 shares in the last quarter. D.A. Davidson & CO. increased its stake in shares of Adams Natural Resources Fund by 1.1% during the 3rd quarter. D.A. Davidson & CO. now owns 64,107 shares of the financial services provider's stock worth $1,489,000 after purchasing an additional 715 shares during the last quarter. Kovack Advisors Inc. lifted its stake in shares of Adams Natural Resources Fund by 4.6% in the 4th quarter. Kovack Advisors Inc. now owns 22,740 shares of the financial services provider's stock valued at $494,000 after purchasing an additional 991 shares during the last quarter. Finally, Jones Financial Companies Lllp boosted its holdings in Adams Natural Resources Fund by 31.9% in the fourth quarter. Jones Financial Companies Lllp now owns 4,547 shares of the financial services provider's stock worth $99,000 after purchasing an additional 1,100 shares in the last quarter. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

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Insider Activity at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, VP Gregory W. Buckley acquired 1,450 shares of the business's stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average price of $23.30 per share, with a total value of $33,785.00. Following the transaction, the vice president now owns 17,604 shares of the company's stock, valued at approximately $410,173.20. This trade represents a 8.98 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.13% of the stock is currently owned by company insiders.

Adams Natural Resources Fund Price Performance

Shares of NYSE:PEO traded down $0.02 on Tuesday, reaching $22.83. The company had a trading volume of 58,212 shares, compared to its average volume of 47,859. The stock has a 50-day moving average price of $22.40 and a 200 day moving average price of $22.86. Adams Natural Resources Fund, Inc. has a twelve month low of $20.78 and a twelve month high of $24.23.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a -- dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, January 27th were issued a dividend of $0.53 per share. This is an increase from Adams Natural Resources Fund's previous -- dividend of $0.16. This represents a dividend yield of 5.3%. The ex-dividend date was Monday, January 27th.

Adams Natural Resources Fund Company 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.