Adams Natural Resources Fund (NYSE:PEO) Shares Cross Above 50-Day Moving Average – Here’s Why

Adams Natural Resources Fund, Inc. (NYSE:PEO) shares passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $23.09 and traded as high as $25.88. Adams Natural Resources Fund shares last traded at $25.5870, with a volume of 53,998 shares trading hands.

Adams Natural Resources Fund Trading Down 0.8%

The stock has a 50-day moving average price of $23.16 and a 200 day moving average price of $22.07.

Adams Natural Resources Fund Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Monday, January 26th will be issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 7.7%. The ex-dividend date of this dividend is Monday, January 26th.

Institutional Trading of Adams Natural Resources Fund

Several institutional investors and hedge funds have recently bought and sold shares of the business. Comerica Bank grew its position in Adams Natural Resources Fund by 38.1% during the 1st quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 513 shares during the last quarter. Jones Financial Companies Lllp increased its position in Adams Natural Resources Fund by 843.9% in the 1st quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock valued at $979,000 after acquiring an additional 38,374 shares during the period. Focus Partners Wealth raised its stake in Adams Natural Resources Fund by 8.9% during the 1st quarter. Focus Partners Wealth now owns 16,950 shares of the financial services provider’s stock valued at $387,000 after acquiring an additional 1,380 shares during the last quarter. Adams Diversified Equity Fund Inc. lifted its position in Adams Natural Resources Fund by 2.5% during 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 acquiring an additional 59,934 shares during the period. Finally, Wolverine Asset Management LLC grew its stake in shares of Adams Natural Resources Fund by 123.5% in the 2nd quarter. Wolverine Asset Management LLC now owns 114,170 shares of the financial services provider’s stock valued at $2,440,000 after purchasing an additional 63,096 shares during the last quarter. Hedge funds and other 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.