Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.21 and traded as low as $22.29. Adams Natural Resources Fund shares last traded at $22.36, with a volume of 38,417 shares.
Adams Natural Resources Fund Price Performance
The business has a 50-day simple moving average of $22.90 and a 200-day simple moving average of $23.21.
Adams Natural Resources Fund Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 22nd were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 18.48%. This is a positive change from Adams Natural Resources Fund's previous quarterly dividend of $0.16.
Institutional Trading of Adams Natural Resources Fund
Institutional investors have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. lifted its stake in Adams Natural Resources Fund by 241.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider's stock valued at $76,000 after buying an additional 2,283 shares during the last quarter. Advisors Asset Management Inc. acquired a new position in Adams Natural Resources Fund in the 3rd quarter valued at $360,000. Wolverine Asset Management LLC raised its position in Adams Natural Resources Fund by 1,206.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider's stock worth $559,000 after buying an additional 22,242 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in shares of Adams Natural Resources Fund in the 3rd quarter worth $590,000. Finally, Cullen Investment Group LTD. boosted its holdings in shares of Adams Natural Resources Fund by 2.1% in the third quarter. Cullen Investment Group LTD. now owns 28,240 shares of the financial services provider's stock valued at $656,000 after acquiring an additional 580 shares in the last quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.
Adams Natural Resources Fund Company Profile
(
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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