Insider Buying: Adams Natural Resources Fund (NYSE:PEO) Director Buys 1,010 Shares of Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) Director Jane Musser Nelson purchased 1,010 shares of the company’s stock in a transaction dated Wednesday, October 28th. The stock was purchased at an average price of $29.93 per share, with a total value of $30,229.30. Following the completion of the purchase, the director directly owned 4,135 shares in the company, valued at $123,760.55. The trade was a 32.32% increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Adams Natural Resources Fund Price Performance

PEO traded up $0.42 on Friday, reaching $30.39. The stock had a trading volume of 54,688 shares, compared to its average volume of 82,612. Adams Natural Resources Fund, Inc. has a fifty-two week low of $21.00 and a fifty-two week high of $32.52. The firm has a 50-day moving average of $28.89 and a 200-day moving average of $26.71.

Hedge Funds Weigh In On Adams Natural Resources Fund

Hedge funds have recently modified their holdings of the business. Uncommon Cents Investing Inc increased its holdings in Adams Natural Resources Fund by 1.0% in the third quarter. Uncommon Cents Investing Inc now owns 62,064 shares of the financial services provider’s stock valued at $1,709,000 after purchasing an additional 595 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Adams Natural Resources Fund by 30.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,550 shares of the financial services provider’s stock worth $71,000 after acquiring an additional 600 shares during the period. Community Financial Services Group LLC boosted its holdings in Adams Natural Resources Fund by 175.0% in the third quarter. Community Financial Services Group LLC now owns 1,100 shares of the financial services provider’s stock valued at $30,000 after acquiring an additional 700 shares during the last quarter. Northwestern Mutual Wealth Management Co. acquired a new stake in Adams Natural Resources Fund during the 2nd quarter valued at approximately $35,000. Finally, Bank of America Corp DE lifted its position in shares of Adams Natural Resources Fund by 0.9% in the 1st quarter. Bank of America Corp DE now owns 124,273 shares of the financial services provider’s stock worth $3,455,000 after purchasing an additional 1,107 shares during the period. 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 diversified closed-end investment company focused on the energy and natural resources sectors. The fund seeks long-term capital appreciation and income by investing primarily in publicly traded companies involved in the exploration, production, processing, transportation and distribution of energy and other natural resources.

Its portfolio may include companies engaged in oil and natural gas, renewable and alternative energy, mining, metals, chemicals, utilities, equipment manufacturing and related services.