Adams Natural Resources Fund (NYSE:PEO) Share Price Crosses Above 50 Day Moving Average – Time to Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s share price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $22.16 and traded as high as $24.08. Adams Natural Resources Fund shares last traded at $23.9350, with a volume of 39,130 shares traded.

Adams Natural Resources Fund Price Performance

The firm has a 50 day moving average of $22.16 and a two-hundred day moving average of $21.74.

Adams Natural Resources Fund Announces Dividend

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

Institutional Trading of Adams Natural Resources Fund

A number of hedge funds have recently added to or reduced their stakes in PEO. Lazard Asset Management LLC grew its stake in shares of Adams Natural Resources Fund by 23.4% during the third quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider’s stock worth $10,977,000 after buying an additional 96,622 shares during the last quarter. Wolverine Asset Management LLC grew its position in Adams Natural Resources Fund by 123.5% during the 2nd quarter. Wolverine Asset Management LLC now owns 114,170 shares of the financial services provider’s stock worth $2,440,000 after acquiring an additional 63,096 shares during the last quarter. Penserra Capital Management LLC grew its position in Adams Natural Resources Fund by 28.4% during the 3rd quarter. Penserra Capital Management LLC now owns 272,359 shares of the financial services provider’s stock worth $5,861,000 after acquiring an additional 60,228 shares during the last quarter. Adams Diversified Equity Fund Inc. increased its holdings in Adams Natural Resources Fund by 2.5% in the 2nd quarter. Adams Diversified Equity Fund Inc. now owns 2,456,181 shares of the financial services provider’s stock worth $52,489,000 after purchasing an additional 59,934 shares in the last quarter. Finally, Pathstone Holdings LLC raised its position in Adams Natural Resources Fund by 28.2% in the third quarter. Pathstone Holdings LLC now owns 264,520 shares of the financial services provider’s stock valued at $5,692,000 after purchasing an additional 58,231 shares during the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

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.