Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.23 and traded as low as $21.27. Adams Natural Resources Fund shares last traded at $21.74, with a volume of 53,830 shares.
Adams Natural Resources Fund Price Performance
The stock's 50-day moving average is $23.02 and its 200-day moving average is $23.23.
Adams Natural Resources Fund Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 22nd were issued a dividend of $1.03 per share. This is a boost 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 yield of 18.77%.
Hedge Funds Weigh In On Adams Natural Resources Fund
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. raised its position in Adams Natural Resources Fund by 241.1% during 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 period. Advisors Asset Management Inc. acquired a new stake in shares of Adams Natural Resources Fund in the 3rd quarter valued at $360,000. Wolverine Asset Management LLC boosted its stake in shares of 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 acquiring an additional 22,242 shares in the last quarter. Sanctuary Advisors LLC acquired a new position in Adams Natural Resources Fund during the third quarter valued at approximately $590,000. Finally, Cullen Investment Group LTD. raised its holdings in Adams Natural Resources Fund by 2.1% in the 3rd quarter. Cullen Investment Group LTD. now owns 28,240 shares of the financial services provider's stock worth $656,000 after acquiring an additional 580 shares during the period. 33.54% of the stock is owned by institutional investors.
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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