Public Employees Retirement System of Ohio Purchases New Position in Adams Natural Resources Fund, Inc. $PEO

Public Employees Retirement System of Ohio purchased a new stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) in the second quarter, according to the company in its most recent filing with the SEC. The fund purchased 19,697 shares of the financial services provider’s stock, valued at approximately $909,000. Public Employees Retirement System of Ohio owned about 0.07% of Adams Natural Resources Fund as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEO. Saba Capital Management L.P. boosted its position in shares of Adams Natural Resources Fund by 0.4% during the fourth quarter. Saba Capital Management L.P. now owns 2,698,250 shares of the financial services provider’s stock valued at $58,660,000 after buying an additional 10,926 shares during the last quarter. Adams Diversified Equity Fund Inc. increased its stake in Adams Natural Resources Fund by 1.9% in the 1st quarter. Adams Diversified Equity Fund Inc. now owns 2,621,907 shares of the financial services provider’s stock valued at $72,889,000 after buying an additional 49,223 shares during the last quarter. Lazard Asset Management LLC increased its stake in Adams Natural Resources Fund by 23.4% in the 3rd quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider’s stock valued at $10,977,000 after buying an additional 96,622 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in shares of Adams Natural Resources Fund during the 2nd quarter worth approximately $16,153,000. Finally, Bank of New York Mellon Corp bought a new stake in Adams Natural Resources Fund during the second quarter worth $14,657,000. 33.54% of the stock is owned by institutional investors.

Adams Natural Resources Fund Stock Performance

Shares of NYSE:PEO opened at $29.50 on Thursday. The business has a fifty day moving average price of $27.23 and a two-hundred day moving average price of $26.55. Adams Natural Resources Fund, Inc. has a 1 year low of $20.75 and a 1 year high of $29.63.

Adams Natural Resources Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, July 27th were paid a $0.54 dividend. The ex-dividend date was Monday, July 27th. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a dividend yield of 7.3%.

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.