Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) saw strong trading volume on Monday . 78,920 shares changed hands during mid-day trading, an increase of 57% from the previous session's volume of 50,207 shares.The stock last traded at $22.98 and had previously closed at $22.39.
Adams Natural Resources Fund Price Performance
The business's 50-day moving average is $22.87 and its two-hundred day moving average is $23.20.
Adams Natural Resources Fund Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 22nd were paid a $1.03 dividend. This is an increase from Adams Natural Resources Fund's previous quarterly dividend of $0.16. The ex-dividend date was Friday, November 22nd. This represents a $4.12 annualized dividend and a dividend yield of 17.87%.
Hedge Funds Weigh In On Adams Natural Resources Fund
Several hedge funds have recently modified their holdings of the stock. Adams Diversified Equity Fund Inc. grew its position in shares of Adams Natural Resources Fund by 2.4% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider's stock valued at $51,982,000 after acquiring an additional 51,905 shares during the period. Pathstone Holdings LLC grew its holdings in Adams Natural Resources Fund by 149.9% during the third quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider's stock worth $6,771,000 after purchasing an additional 174,866 shares during the period. Raymond James & Associates increased its position in Adams Natural Resources Fund by 3.7% during the third quarter. Raymond James & Associates now owns 216,439 shares of the financial services provider's stock worth $5,026,000 after buying an additional 7,727 shares during the last quarter. Whitener Capital Management Inc. raised its stake in Adams Natural Resources Fund by 0.7% in the third quarter. Whitener Capital Management Inc. now owns 74,478 shares of the financial services provider's stock valued at $1,729,000 after buying an additional 531 shares during the period. Finally, Stifel Financial Corp raised its stake in Adams Natural Resources Fund by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider's stock valued at $1,724,000 after acquiring an additional 1,582 shares during the period. Institutional investors own 33.54% of the company's stock.
Adams Natural Resources Fund Company Profile
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Get Free Report)
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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