Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Acquires $33,785.00 in Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Gregory W. Buckley purchased 1,450 shares of the firm’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average price of $23.30 per share, for a total transaction of $33,785.00. Following the completion of the purchase, 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 position. The purchase was disclosed in a filing with the SEC, which is accessible through this link.

Adams Natural Resources Fund Stock Performance

NYSE PEO traded up $0.16 during trading on Thursday, reaching $23.22. The company’s stock had a trading volume of 41,565 shares, compared to its average volume of 88,464. The firm has a 50 day moving average price of $22.76 and a 200 day moving average price of $23.20. Adams Natural Resources Fund, Inc. has a 12 month low of $19.99 and a 12 month high of $24.79.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, January 27th will be given a dividend of $0.53 per share. The ex-dividend date is Monday, January 27th. This represents a yield of 5.3%. This is an increase from Adams Natural Resources Fund’s previous — dividend of $0.16.

Hedge Funds Weigh In On Adams Natural Resources Fund

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Adams Diversified Equity Fund Inc. grew its holdings in shares of Adams Natural Resources Fund by 2.4% during the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider’s stock worth $51,982,000 after purchasing an additional 51,905 shares in the last quarter. Pathstone Holdings LLC grew its stake in Adams Natural Resources Fund by 149.9% during the third quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider’s stock worth $6,771,000 after buying an additional 174,866 shares in the last quarter. Raymond James & Associates increased its holdings in Adams Natural Resources Fund by 3.7% in the 3rd quarter. Raymond James & Associates now owns 216,439 shares of the financial services provider’s stock valued at $5,026,000 after buying an additional 7,727 shares during the period. Whitener Capital Management Inc. raised its position in shares of Adams Natural Resources Fund by 0.7% in the 3rd quarter. Whitener Capital Management Inc. now owns 74,478 shares of the financial services provider’s stock valued at $1,729,000 after buying an additional 531 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Adams Natural Resources Fund by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider’s stock valued at $1,724,000 after buying an additional 1,582 shares in the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

Adams Natural Resources Fund Company 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.