Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $26.52 and traded as low as $26.43. Adams Natural Resources Fund shares last traded at $26.7340, with a volume of 149,745 shares traded.
Adams Natural Resources Fund Price Performance
The firm's 50-day simple moving average is $26.52 and its two-hundred day simple moving average is $23.76.
Adams Natural Resources Fund Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, April 27th will be paid a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 7.8%. This is an increase from Adams Natural Resources Fund's previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, April 27th.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of PEO. Cullen Investment Group LTD. grew its position in shares of Adams Natural Resources Fund by 1.7% during the 4th quarter. Cullen Investment Group LTD. now owns 27,399 shares of the financial services provider's stock worth $614,000 after buying an additional 454 shares during the period. Evolve Private Wealth LLC increased its stake in shares of Adams Natural Resources Fund by 1.9% in the 1st quarter. Evolve Private Wealth LLC now owns 25,824 shares of the financial services provider's stock valued at $718,000 after acquiring an additional 491 shares during the last quarter. Comerica Bank raised its position 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 acquiring an additional 513 shares during the period. NewEdge Advisors LLC raised its position in shares of 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 acquiring an additional 567 shares during the period. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Adams Natural Resources Fund by 1.0% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 60,628 shares of the financial services provider's stock worth $1,334,000 after acquiring an additional 608 shares during the last quarter. Institutional investors own 33.54% of the company's stock.
About Adams Natural Resources Fund
(
Get Free Report)
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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