Adams Diversified Equity Fund Inc. Purchases 55,314 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Adams Diversified Equity Fund Inc. grew its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 2.4% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 2,396,247 shares of the financial services provider's stock after acquiring an additional 55,314 shares during the quarter. Adams Natural Resources Fund comprises approximately 2.2% of Adams Diversified Equity Fund Inc.'s investment portfolio, making the stock its 8th biggest position. Adams Diversified Equity Fund Inc. owned about 9.12% of Adams Natural Resources Fund worth $54,658,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Sanctuary Advisors LLC grew its holdings in shares of Adams Natural Resources Fund by 6.4% in the fourth quarter. Sanctuary Advisors LLC now owns 26,266 shares of the financial services provider's stock valued at $585,000 after purchasing an additional 1,569 shares during the period. Sprott Inc. raised its stake in 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 purchasing an additional 39,599 shares during the period. Kovack Advisors Inc. boosted its holdings in Adams Natural Resources Fund by 4.6% in the 4th quarter. Kovack Advisors Inc. now owns 22,740 shares of the financial services provider's stock valued at $494,000 after purchasing an additional 991 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Adams Natural Resources Fund by 31.9% in the 4th quarter. Jones Financial Companies Lllp now owns 4,547 shares of the financial services provider's stock valued at $99,000 after buying an additional 1,100 shares during the period. Finally, Raymond James Financial Inc. acquired a new stake in Adams Natural Resources Fund during the fourth quarter worth $4,944,000. Hedge funds and other institutional investors own 33.54% of the company's stock.

Adams Natural Resources Fund Price Performance

NYSE:PEO traded up $0.14 on Thursday, reaching $21.53. The company's stock had a trading volume of 32,418 shares, compared to its average volume of 52,586. Adams Natural Resources Fund, Inc. has a 12-month low of $18.35 and a 12-month high of $24.23. The stock has a 50 day moving average price of $20.60 and a 200 day moving average price of $21.50.

Adams Natural Resources Fund Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Shareholders of record on Monday, April 28th were given a $0.52 dividend. The ex-dividend date was Monday, April 28th. This represents a $2.08 dividend on an annualized basis and a yield of 9.66%.

About Adams Natural Resources Fund

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.