Adams Natural Resources Fund (NYSE:PEO) Stock Price Crosses Below 50 Day Moving Average - What's Next?

Key Points

• Adams Natural Resources Fund's stock price has fallen below its 50-day moving average of $21.52, trading as low as $21.41 during Monday's session.
• The fund increased its dividend to $0.51 per share, a significant rise from the previous $0.16, resulting in a remarkable yield of 931.0%.
• Recent moves by hedge funds have resulted in increased institutional ownership, with some funds boosting their holdings by as much as 114,200.0% during the last quarter.

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $21.52 and traded as low as $21.41. Adams Natural Resources Fund shares last traded at $21.63, with a volume of 60,599 shares trading hands.

Adams Natural Resources Fund Trading Up 0.6%

The stock's fifty day moving average price is $21.51 and its 200-day moving average price is $21.26.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, July 28th were issued a dividend of $0.51 per share. This is an increase from Adams Natural Resources Fund's previous quarterly dividend of $0.16. This represents a $2.04 dividend on an annualized basis and a dividend yield of 9.3%. The ex-dividend date was Monday, July 28th.

Institutional Investors Weigh In On Adams Natural Resources Fund

A number of large investors have recently made changes to their positions in PEO. Geneos Wealth Management Inc. increased its stake in 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 buying an additional 801 shares during the period. Quantedge Capital Pte Ltd grew its stake in Adams Natural Resources Fund by 22.2% in the 2nd quarter. Quantedge Capital Pte Ltd now owns 15,432 shares of the financial services provider's stock valued at $330,000 after buying an additional 2,800 shares during the last quarter. NewEdge Advisors LLC grew its stake in Adams Natural Resources Fund by 4.7% in the 2nd quarter. NewEdge Advisors LLC now owns 12,600 shares of the financial services provider's stock valued at $269,000 after buying an additional 567 shares during the last quarter. Baird Financial Group Inc. grew its stake in Adams Natural Resources Fund by 21.9% in the 2nd 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. Finally, First Trust Advisors LP grew its stake in Adams Natural Resources Fund by 9.1% in the 2nd 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. Institutional investors and hedge funds own 33.54% of the company's stock.

Adams Natural Resources Fund Company 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.