Adams Natural Resources Fund (NYSE:PEO) Sees Large Volume Increase

Adams Natural Resources Fund, Inc. (NYSE:PEO) saw an uptick in trading volume on Thursday . 23,037 shares changed hands during trading, a decline of 32% from the previous session’s volume of 33,887 shares.The stock last traded at $23.22 and had previously closed at $23.16.

Adams Natural Resources Fund Stock Down 0.8 %

The business’s 50 day moving average is $23.31 and its 200-day moving average is $21.70.

Adams Natural Resources Fund Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be paid a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Thursday, May 16th.

Institutional Trading of Adams Natural Resources Fund

Several institutional investors and hedge funds have recently bought and sold shares of PEO. Saba Capital Management L.P. raised its stake in shares of Adams Natural Resources Fund by 125.4% in the 3rd quarter. Saba Capital Management L.P. now owns 1,634,468 shares of the financial services provider’s stock valued at $37,789,000 after acquiring an additional 909,398 shares during the period. Raymond James & Associates raised its holdings in shares of Adams Natural Resources Fund by 22.2% in the 4th quarter. Raymond James & Associates now owns 224,749 shares of the financial services provider’s stock valued at $4,637,000 after buying an additional 40,832 shares during the period. Cullen Investment Group LTD. acquired a new stake in shares of Adams Natural Resources Fund in the fourth quarter valued at $568,000. Principal Securities Inc. purchased a new stake in shares of Adams Natural Resources Fund during the fourth quarter worth approximately $478,000. Finally, Alta Capital Management LLC acquired a new stake in Adams Natural Resources Fund in the fourth quarter valued at approximately $413,000. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.