Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) VP Gregory W. Buckley acquired 1,450 shares of the business's stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average cost of $23.30 per share, with a total value of $33,785.00. Following the transaction, the vice president now directly owns 17,604 shares of the company's stock, valued at $410,173.20. The trade was a 8.98 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through this link.
Adams Natural Resources Fund Price Performance
Shares of PEO stock traded up $0.07 during mid-day trading on Friday, reaching $23.15. The stock had a trading volume of 69,374 shares, compared to its average volume of 90,398. Adams Natural Resources Fund, Inc. has a one year low of $20.21 and a one year high of $24.79. The firm's 50 day simple moving average is $22.71 and its 200 day simple moving average is $23.19.
Adams Natural Resources Fund Increases Dividend
The firm also recently disclosed a -- dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, January 27th will be paid a $0.53 dividend. This is a boost from Adams Natural Resources Fund's previous -- dividend of $0.16. The ex-dividend date of this dividend is Monday, January 27th. This represents a dividend yield of 5.3%.
Institutional Inflows and Outflows
Several hedge funds have recently added to or reduced their stakes in the business. City State Bank bought a new position in shares of Adams Natural Resources Fund during the 4th quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. grew its holdings in shares of Adams Natural Resources Fund by 241.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider's stock worth $76,000 after purchasing an additional 2,283 shares during the last quarter. Priebe Wealth Holdings LLC bought a new position in Adams Natural Resources Fund during the 4th quarter valued at about $317,000. RFG Advisory LLC bought a new stake in Adams Natural Resources Fund during the fourth quarter worth about $326,000. Finally, Advisors Asset Management Inc. bought a new position in shares of Adams Natural Resources Fund in the third quarter valued at approximately $360,000. Institutional investors and hedge funds own 33.54% of the company's stock.
About Adams Natural Resources Fund
(
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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.
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