Adams Natural Resources Fund (NYSE:PEO) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEO) shares passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $21.51 and traded as low as $21.45. Adams Natural Resources Fund shares last traded at $21.67, with a volume of 48,845 shares changing hands.

Adams Natural Resources Fund Stock Performance

The business has a 50-day moving average of $21.51 and a 200 day moving average of $21.46.

Adams Natural Resources Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 19th. Shareholders of record on Friday, November 21st will be issued a $0.49 dividend. The ex-dividend date is Friday, November 21st. This represents a $1.96 annualized dividend and a yield of 9.0%.

Institutional Trading of Adams Natural Resources Fund

A number of hedge funds have recently added to or reduced their stakes in PEO. Advisory Services Network LLC acquired a new stake in shares of Adams Natural Resources Fund in the third quarter worth approximately $48,000. Verition Fund Management LLC grew its position in Adams Natural Resources Fund by 15.8% during the third quarter. Verition Fund Management LLC now owns 145,791 shares of the financial services provider’s stock valued at $3,137,000 after acquiring an additional 19,870 shares during the period. Northwestern Mutual Wealth Management Co. increased its stake in Adams Natural Resources Fund by 58.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 4,436 shares of the financial services provider’s stock worth $95,000 after acquiring an additional 1,635 shares during the last quarter. Bank of America Corp DE lifted its stake in shares of Adams Natural Resources Fund by 1.5% in the 3rd quarter. Bank of America Corp DE now owns 122,825 shares of the financial services provider’s stock valued at $2,643,000 after purchasing an additional 1,837 shares in the last quarter. Finally, Creative Planning increased its position in Adams Natural Resources Fund by 8.6% during the 3rd quarter. Creative Planning now owns 10,302 shares of the financial services provider’s stock worth $222,000 after purchasing an additional 813 shares in the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

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.