Adams Natural Resources Fund (NYSE:PEO) Hits New 1-Year Low - Here's What Happened

Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report)'s share price reached a new 52-week low during trading on Friday . The company traded as low as $20.33 and last traded at $20.42, with a volume of 15611 shares. The stock had previously closed at $21.54.

Adams Natural Resources Fund Stock Up 6.0 %

The company has a 50 day moving average price of $22.01 and a two-hundred day moving average price of $22.77.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a -- dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, January 27th were issued a dividend of $0.53 per share. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend was Monday, January 27th. This is an increase from Adams Natural Resources Fund's previous -- dividend of $0.16.

Insider Buying and Selling

In other news, VP Gregory W. Buckley acquired 1,450 shares of Adams Natural Resources Fund stock in a transaction that occurred on Wednesday, January 22nd. The stock was bought at an average price of $23.30 per share, for a total transaction of $33,785.00. Following the completion of the transaction, the vice president now owns 17,604 shares in the company, valued at $410,173.20. The trade was a 8.98 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.13% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Adams Natural Resources Fund

A number of large investors have recently made changes to their positions in PEO. NBC Securities Inc. grew its position in Adams Natural Resources Fund by 114,200.0% during the first quarter. NBC Securities Inc. now owns 1,143 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,142 shares during the period. Cullen Investment Group LTD. boosted its position in shares of Adams Natural Resources Fund by 2.1% during the first quarter. Cullen Investment Group LTD. now owns 29,403 shares of the financial services provider's stock worth $671,000 after acquiring an additional 617 shares during the last quarter. Pathstone Holdings LLC grew its stake in Adams Natural Resources Fund by 42.1% during the fourth quarter. Pathstone Holdings LLC now owns 414,351 shares of the financial services provider's stock valued at $9,011,000 after acquiring an additional 122,847 shares in the last quarter. Focus Partners Wealth increased its holdings in Adams Natural Resources Fund by 3.6% in the 4th quarter. Focus Partners Wealth now owns 15,570 shares of the financial services provider's stock valued at $338,000 after acquiring an additional 541 shares during the last quarter. Finally, Cetera Investment Advisers lifted its stake in Adams Natural Resources Fund by 14.9% in the 4th quarter. Cetera Investment Advisers now owns 20,796 shares of the financial services provider's stock worth $452,000 after purchasing an additional 2,689 shares in the last quarter. 33.54% of the stock is currently owned by institutional investors.

About Adams Natural Resources Fund

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.