Adams Natural Resources Fund (NYSE:PEO) Sets New 52-Week High – What’s Next?

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as $29.63 and last traded at $29.50, with a volume of 32993 shares trading hands. The stock had previously closed at $29.20.

Adams Natural Resources Fund Stock Up 0.8%

The firm has a 50 day moving average price of $27.31 and a 200-day moving average price of $26.57.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, July 27th were given a $0.54 dividend. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a yield of 7.4%. The ex-dividend date was Monday, July 27th.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PEO. Comerica Bank lifted its holdings in shares of Adams Natural Resources Fund by 38.1% in the 1st quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock worth $42,000 after acquiring an additional 513 shares during the last quarter. Jones Financial Companies Lllp boosted its position in shares of Adams Natural Resources Fund by 843.9% during the first quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock valued at $979,000 after buying an additional 38,374 shares during the period. Focus Partners Wealth boosted its position in shares of Adams Natural Resources Fund by 8.9% during the first quarter. Focus Partners Wealth now owns 16,950 shares of the financial services provider’s stock valued at $387,000 after buying an additional 1,380 shares during the period. First Trust Advisors LP grew its stake in shares of Adams Natural Resources Fund by 9.1% during the second quarter. First Trust Advisors LP now owns 62,564 shares of the financial services provider’s stock valued at $1,337,000 after buying an additional 5,204 shares during the last quarter. Finally, Baird Financial Group Inc. grew its stake in shares of Adams Natural Resources Fund by 21.9% during the second quarter. Baird Financial Group Inc. now owns 32,961 shares of the financial services provider’s stock valued at $704,000 after buying an additional 5,915 shares during the last quarter. Institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

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.