Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.69 and traded as low as $19.30. Adams Natural Resources Fund shares last traded at $20.05, with a volume of 67,065 shares trading hands.
Adams Natural Resources Fund Price Performance
The stock has a 50 day moving average of $21.72 and a 200 day moving average of $22.63.
Adams Natural Resources Fund Increases Dividend
The company 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%. The ex-dividend date of this dividend was Monday, January 27th. This is a positive change from Adams Natural Resources Fund's previous -- dividend of $0.16.
Insider Transactions at Adams Natural Resources Fund
In other Adams Natural Resources Fund news, VP Gregory W. Buckley purchased 1,450 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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 in the company, valued at approximately $410,173.20. The trade was a 8.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 0.13% of the company's stock.
Hedge Funds Weigh In On Adams Natural Resources Fund
Hedge funds have recently added to or reduced their stakes in the company. Stifel Financial Corp raised its holdings in shares of Adams Natural Resources Fund by 2.2% during the third quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider's stock valued at $1,724,000 after purchasing an additional 1,582 shares during the last quarter. Priebe Wealth Holdings LLC bought a new stake in shares of Adams Natural Resources Fund in the fourth quarter worth $317,000. RFG Advisory LLC purchased a new stake in Adams Natural Resources Fund during the fourth quarter valued at $326,000. Sanctuary Advisors LLC boosted its position in Adams Natural Resources Fund by 6.4% in the fourth quarter. Sanctuary Advisors LLC now owns 26,266 shares of the financial services provider's stock worth $585,000 after purchasing an additional 1,569 shares during the last quarter. Finally, Raymond James Financial Inc. bought a new stake in shares of Adams Natural Resources Fund during the 4th quarter valued at about $4,944,000. 33.54% of the stock is currently owned by hedge funds and other institutional investors.
About Adams Natural Resources Fund
(
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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