Adams Natural Resources Fund (NYSE:PEO) Reaches New 52-Week High – Here’s Why

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s stock price hit a new 52-week high during trading on Monday . The stock traded as high as $25.30 and last traded at $25.2850, with a volume of 16725 shares traded. The stock had previously closed at $25.15.

Adams Natural Resources Fund Stock Up 1.7%

The firm’s 50 day simple moving average is $22.85 and its 200-day simple moving average is $21.95.

Adams Natural Resources Fund Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Monday, January 26th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, January 26th. This represents a $1.96 annualized dividend and a yield of 7.6%.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Comerica Bank grew its stake in shares of 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 period. Jones Financial Companies Lllp grew its position in shares of Adams Natural Resources Fund by 843.9% in the first quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock valued at $979,000 after purchasing an additional 38,374 shares during the last quarter. Focus Partners Wealth increased its stake in shares of 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 worth $387,000 after purchasing an additional 1,380 shares in the last quarter. Concurrent Investment Advisors LLC raised its position in shares of Adams Natural Resources Fund by 7.5% during the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,932 shares of the financial services provider’s stock worth $319,000 after purchasing an additional 1,042 shares during the last quarter. Finally, Uhlmann Price Securities LLC boosted its stake in shares of Adams Natural Resources Fund by 0.8% during the second quarter. Uhlmann Price Securities LLC now owns 61,675 shares of the financial services provider’s stock valued at $1,318,000 after acquiring an additional 466 shares during the last quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.

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.