Adams Natural Resources Fund (NYSE:PEO) Hits New 52-Week High – Here’s Why

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s stock price reached a new 52-week high during mid-day trading on Wednesday . The company traded as high as $23.90 and last traded at $23.8540, with a volume of 20558 shares changing hands. The stock had previously closed at $23.47.

Adams Natural Resources Fund Trading Up 1.7%

The company’s 50-day simple moving average is $21.91 and its 200-day simple moving average is $21.65.

Adams Natural Resources Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Monday, January 26th will be given a $0.49 dividend. The ex-dividend date of this dividend is Monday, January 26th. This represents a $1.96 annualized dividend and a dividend yield of 8.2%.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PEO. Cullen Investment Group LTD. increased its holdings in Adams Natural Resources Fund by 1.7% during the 4th quarter. Cullen Investment Group LTD. now owns 27,399 shares of the financial services provider’s stock valued at $614,000 after purchasing an additional 454 shares during the period. Uhlmann Price Securities LLC lifted its stake in Adams Natural Resources Fund by 0.8% in the second quarter. Uhlmann Price Securities LLC now owns 61,675 shares of the financial services provider’s stock worth $1,318,000 after acquiring an additional 466 shares during the period. Comerica Bank boosted its holdings in Adams Natural Resources Fund by 38.1% in the first quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock valued at $42,000 after acquiring an additional 513 shares in the last quarter. NewEdge Advisors LLC boosted its holdings in Adams Natural Resources Fund by 4.7% in the second quarter. NewEdge Advisors LLC now owns 12,600 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 567 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC increased its position in Adams Natural Resources Fund by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 60,628 shares of the financial services provider’s stock valued at $1,334,000 after purchasing an additional 608 shares during the period. Institutional investors own 33.54% of the company’s stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.