Adams Natural Resources Fund (NYSE:PEO) Stock Crosses Above 50 Day Moving Average – What’s Next?

Adams Natural Resources Fund, Inc. (NYSE:PEO) shares crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $24.73 and traded as high as $26.90. Adams Natural Resources Fund shares last traded at $26.74, with a volume of 117,220 shares traded.

Adams Natural Resources Fund Stock Down 0.7%

The firm’s fifty day moving average price is $24.82 and its 200 day moving average price is $22.71.

Adams Natural Resources Fund Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Investors of record on Monday, January 26th were given a dividend of $0.49 per share. The ex-dividend date was Monday, January 26th. This represents a $1.96 dividend on an annualized basis and a yield of 7.4%.

Institutional Investors 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. Highline Wealth Partners LLC purchased a new position in shares of Adams Natural Resources Fund during the 3rd quarter valued at about $32,000. Global Retirement Partners LLC purchased a new stake in shares of Adams Natural Resources Fund in the fourth quarter worth about $35,000. Comerica Bank grew its holdings in Adams Natural Resources Fund by 38.1% during the first quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 513 shares during the period. Advisory Services Network LLC purchased a new position in Adams Natural Resources Fund during the third quarter valued at approximately $48,000. Finally, Geneos Wealth Management Inc. raised its position in Adams Natural Resources Fund by 45.2% during the second quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 801 shares in the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

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.