Adams Natural Resources Fund (NYSE:PEO) Stock Passes Below Fifty Day Moving Average - What's Next?

Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) crossed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $22.31 and traded as low as $22.09. Adams Natural Resources Fund shares last traded at $22.32, with a volume of 51,000 shares.

Adams Natural Resources Fund Stock Up 0.3 %

The firm's fifty day moving average is $22.26 and its 200 day moving average is $23.03.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a -- dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, January 27th will be issued a dividend of $0.53 per share. This is a positive change from Adams Natural Resources Fund's previous -- dividend of $0.16. The ex-dividend date is Monday, January 27th. This represents a dividend yield of 5.3%.

Insider Transactions at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, VP Gregory W. Buckley bought 1,450 shares of the company's stock in a transaction dated 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 completion of the acquisition, the vice president now directly owns 17,604 shares of the company's stock, valued at $410,173.20. This represents a 8.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.06% of the company's stock.

Institutional Investors Weigh In On Adams Natural Resources Fund

A number of large investors have recently modified their holdings of the business. City State Bank acquired a new position in Adams Natural Resources Fund in the fourth quarter valued at about $25,000. Jones Financial Companies Lllp lifted its position in shares of Adams Natural Resources Fund by 31.9% during 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. NewEdge Advisors LLC lifted its position in shares of Adams Natural Resources Fund by 13.6% during the fourth quarter. NewEdge Advisors LLC now owns 11,706 shares of the financial services provider's stock worth $254,000 after purchasing an additional 1,405 shares in the last quarter. Level Four Advisory Services LLC acquired a new stake in shares of Adams Natural Resources Fund during the fourth quarter worth about $301,000. Finally, Priebe Wealth Holdings LLC acquired a new stake in shares of Adams Natural Resources Fund during the fourth quarter worth about $317,000. Hedge funds and other institutional investors own 33.54% of the company's stock.

About Adams Natural Resources Fund

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.