Adams Natural Resources Fund, Inc. (NYSE:PEO) Stake Raised by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. grew its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 2.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 2,396,247 shares of the financial services provider's stock after purchasing an additional 55,314 shares during the quarter. Adams Natural Resources Fund makes up about 2.2% of Adams Diversified Equity Fund Inc.'s holdings, making the stock its 8th biggest position. Adams Diversified Equity Fund Inc. owned 9.12% of Adams Natural Resources Fund worth $54,658,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEO. Raymond James Financial Inc. purchased a new position in shares of Adams Natural Resources Fund during the fourth quarter worth approximately $4,944,000. Pathstone Holdings LLC grew its position in shares of 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 worth $9,011,000 after acquiring an additional 122,847 shares during the last quarter. Capstone Investment Advisors LLC grew its position in shares of Adams Natural Resources Fund by 111.8% during the fourth quarter. Capstone Investment Advisors LLC now owns 113,761 shares of the financial services provider's stock worth $2,473,000 after acquiring an additional 60,062 shares during the last quarter. Sprott Inc. grew its position in shares of Adams Natural Resources Fund by 307.3% during the fourth quarter. Sprott Inc. now owns 52,487 shares of the financial services provider's stock worth $1,141,000 after acquiring an additional 39,599 shares during the last quarter. Finally, PFG Investments LLC purchased a new position in shares of Adams Natural Resources Fund during the first quarter worth approximately $327,000. Institutional investors and hedge funds own 33.54% of the company's stock.

Adams Natural Resources Fund Stock Performance

Shares of PEO traded down $0.07 during mid-day trading on Friday, reaching $21.43. 43,180 shares of the company's stock were exchanged, compared to its average volume of 52,693. The business's fifty day simple moving average is $20.65 and its 200-day simple moving average is $21.48. Adams Natural Resources Fund, Inc. has a 52-week low of $18.35 and a 52-week high of $24.23.

Adams Natural Resources Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 28th. Investors of record on Monday, April 28th were given a $0.52 dividend. The ex-dividend date of this dividend was Monday, April 28th. This represents a $2.08 dividend on an annualized basis and a yield of 9.71%.

Adams Natural Resources Fund 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.