Adams Natural Resources Fund, Inc. (NYSE:PEO) Shares Purchased by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. boosted its holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 2.4% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,238,679 shares of the financial services provider's stock after purchasing an additional 51,905 shares during the quarter. Adams Natural Resources Fund comprises approximately 1.9% of Adams Diversified Equity Fund Inc.'s portfolio, making the stock its 8th biggest position. Adams Diversified Equity Fund Inc. owned approximately 8.78% of Adams Natural Resources Fund worth $51,982,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Northwestern Mutual Wealth Management Co. boosted its holdings in shares of 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 acquiring an additional 2,283 shares during the period. Searle & CO. acquired a new stake in shares of Adams Natural Resources Fund in the second quarter valued at approximately $201,000. Vantage Financial Partners LLC acquired a new stake in shares of Adams Natural Resources Fund in the first quarter valued at approximately $201,000. Simplicity Wealth LLC acquired a new stake in shares of Adams Natural Resources Fund in the second quarter valued at approximately $203,000. Finally, Miracle Mile Advisors LLC acquired a new stake in shares of Adams Natural Resources Fund in the second quarter valued at approximately $338,000. 33.54% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. acquired 11,058 shares of the company's stock in a transaction on Thursday, August 22nd. The shares were bought at an average cost of $22.70 per share, with a total value of $251,016.60. Following the purchase, the insider now owns 2,837,006 shares of the company's stock, valued at $64,400,036.20. This represents a 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Insiders purchased a total of 62,966 shares of company stock valued at $1,442,717 over the last three months. 0.06% of the stock is currently owned by company insiders.

Adams Natural Resources Fund Price Performance

PEO stock opened at $23.38 on Wednesday. Adams Natural Resources Fund, Inc. has a twelve month low of $19.78 and a twelve month high of $24.51. The business has a 50 day simple moving average of $23.30 and a 200-day simple moving average of $23.32.

Adams Natural Resources Fund Profile

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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