Adams Natural Resources Fund (NYSE:PEO) Stock Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Price technical: PEO recently passed above its 50-day moving average
• Dividend hike: The fund raised its quarterly dividend to $0.52 (annualized $2.08), a 7.7% yield, with an ex-dividend/record date of April 27 and payment on May 27.
• Institutional interest: Hedge funds and other institutional investors own about 33.54% of the stock, with several firms recently initiating or increasing positions.

Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report)'s share price passed above its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $26.59 and traded as high as $27.10. Adams Natural Resources Fund shares last traded at $27.0580, with a volume of 92,853 shares trading hands.

Adams Natural Resources Fund Stock Up 0.6%

The company has a 50 day moving average of $26.59 and a two-hundred day moving average of $23.94.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Investors of record on Monday, April 27th will be paid a $0.52 dividend. The ex-dividend date is Monday, April 27th. This represents a $2.08 annualized dividend and a dividend yield of 7.7%. This is a boost from Adams Natural Resources Fund's previous quarterly dividend of $0.49.

Hedge Funds Weigh In On Adams Natural Resources Fund

Institutional investors and hedge funds have recently modified their holdings of the business. Global Retirement Partners LLC purchased a new position in shares of Adams Natural Resources Fund in the 4th quarter valued at about $35,000. Comerica Bank increased its stake 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 valued at $42,000 after purchasing an additional 513 shares in the last quarter. Advisory Services Network LLC purchased a new position in shares of Adams Natural Resources Fund in the 3rd quarter valued at about $48,000. Geneos Wealth Management Inc. increased its stake in shares of Adams Natural Resources Fund by 45.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider's stock valued at $55,000 after purchasing an additional 801 shares in the last quarter. Finally, Farther Finance Advisors LLC purchased a new position in shares of Adams Natural Resources Fund in the 4th quarter valued at about $64,000. Hedge funds and other 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.

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