Adams Natural Resources Fund, Inc. (NYSE:PEO) Shares Purchased by Capstone Investment Advisors LLC

Capstone Investment Advisors LLC raised its holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 111.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 113,761 shares of the financial services provider's stock after acquiring an additional 60,062 shares during the period. Capstone Investment Advisors LLC owned approximately 0.45% of Adams Natural Resources Fund worth $2,473,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. City State Bank acquired a new stake in Adams Natural Resources Fund during the fourth quarter worth $25,000. Jones Financial Companies Lllp increased its holdings in Adams Natural Resources Fund by 31.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,547 shares of the financial services provider's stock worth $99,000 after purchasing an additional 1,100 shares during the period. NewEdge Advisors LLC increased its stake in shares of Adams Natural Resources Fund by 13.6% during the fourth quarter. NewEdge Advisors LLC now owns 11,706 shares of the financial services provider's stock worth $254,000 after buying an additional 1,405 shares during the period. Level Four Advisory Services LLC acquired a new stake in shares of Adams Natural Resources Fund in the 4th quarter valued at $301,000. Finally, Priebe Wealth Holdings LLC purchased a new position in shares of Adams Natural Resources Fund in the 4th quarter valued at about $317,000. Hedge funds and other institutional investors own 33.54% of the company's stock.

Adams Natural Resources Fund Stock Performance

Shares of Adams Natural Resources Fund stock opened at $20.17 on Monday. The company has a fifty day simple moving average of $21.16 and a 200-day simple moving average of $22.29. Adams Natural Resources Fund, Inc. has a 12-month low of $18.35 and a 12-month high of $24.23.

Adams Natural Resources Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, April 28th will be issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 10.31%. The ex-dividend date of this dividend is Monday, April 28th.

Adams Natural Resources Fund 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.

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