349,945 Shares in Adams Natural Resources Fund, Inc. $PEO Acquired by Diamond Hill Capital Management LLC Investment Advisor

Key Points

• Diamond Hill Capital Management acquired 349,945 shares of Adams Natural Resources Fund (NYSE: PEO), valued at approximately $16.2 million and representing a 1.27% stake.
• Institutional ownership stands at 33.54%, with several other firms—including Bank of New York Mellon and Lazard Asset Management—also adding to their positions.
• PEO raised its quarterly dividend to $0.54 per share from $0.52, implying an annualized dividend of $2.16 and a 7.8% yield; shares opened at $27.80, near their 52-week high of $28.88.

Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 349,945 shares of the financial services provider's stock, valued at approximately $16,153,000. Diamond Hill Capital Management LLC Investment Advisor owned approximately 1.27% of Adams Natural Resources Fund at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEO. Bank of New York Mellon Corp purchased a new stake in Adams Natural Resources Fund during the second quarter worth $14,657,000. Lazard Asset Management LLC increased its position in shares of Adams Natural Resources Fund by 23.4% in the third quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider's stock valued at $10,977,000 after buying an additional 96,622 shares in the last quarter. S&CO Inc. purchased a new position in shares of Adams Natural Resources Fund in the second quarter valued at $2,743,000. Pathstone Holdings LLC raised its stake in shares of Adams Natural Resources Fund by 28.2% during the 3rd quarter. Pathstone Holdings LLC now owns 264,520 shares of the financial services provider's stock worth $5,692,000 after buying an additional 58,231 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its stake in shares of Adams Natural Resources Fund by 2.3% during the 4th quarter. Adams Diversified Equity Fund Inc. now owns 2,572,684 shares of the financial services provider's stock worth $55,930,000 after buying an additional 56,682 shares during the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

Adams Natural Resources Fund Trading Up 0.0%

Adams Natural Resources Fund stock opened at $27.80 on Monday. Adams Natural Resources Fund, Inc. has a 52 week low of $20.75 and a 52 week high of $28.88. The firm's 50-day simple moving average is $25.93 and its 200 day simple moving average is $26.09.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, July 27th will be given a dividend of $0.54 per share. The ex-dividend date is Monday, July 27th. This is an increase from Adams Natural Resources Fund's previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a yield of 7.8%.

Adams Natural Resources Fund 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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