27,701 Shares in Adams Natural Resources Fund, Inc. (NYSE:PEO) Acquired by Burney Co.

Key Points

• Burney Co. has acquired a new stake in the Adams Natural Resources Fund, Inc. (NYSE:PEO), purchasing 27,701 shares valued at approximately $632,000.
• Adams Natural Resources Fund's recent dividend declaration will pay $0.51 on August 26th, representing a yield of 9.31%, up from a previous $0.16 dividend.
• The Fund has experienced significant interest from institutional investors, with holdings by hedge funds making up 33.54% of the stock.

Burney Co. purchased a new stake in Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 27,701 shares of the financial services provider's stock, valued at approximately $632,000. Burney Co. owned about 0.11% of Adams Natural Resources Fund at the end of the most recent reporting period.

Several other institutional investors also recently made changes to their positions in PEO. NBC Securities Inc. increased its holdings in Adams Natural Resources Fund by 114,200.0% in the first quarter. NBC Securities Inc. now owns 1,143 shares of the financial services provider's stock valued at $26,000 after buying an additional 1,142 shares during the last quarter. NewEdge Advisors LLC raised its stake in shares of Adams Natural Resources Fund by 13.6% in the 4th quarter. NewEdge Advisors LLC now owns 11,706 shares of the financial services provider's stock valued at $254,000 after acquiring an additional 1,405 shares in the last quarter. Joel Isaacson & Co. LLC bought a new stake in Adams Natural Resources Fund in the first quarter valued at $254,000. Level Four Advisory Services LLC acquired a new stake in Adams Natural Resources Fund in the fourth quarter worth about $301,000. Finally, Concurrent Investment Advisors LLC bought a new position in shares of Adams Natural Resources Fund during the first quarter worth $317,000. 33.54% of the stock is owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Stock Performance

Shares of PEO traded down $0.03 during midday trading on Tuesday, hitting $21.72. The stock had a trading volume of 17,231 shares, compared to its average volume of 61,762. The company has a 50 day simple moving average of $21.32 and a two-hundred day simple moving average of $21.49. Adams Natural Resources Fund, Inc. has a twelve month low of $18.34 and a twelve month high of $24.79.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a -- dividend, which will be paid on Tuesday, August 26th. Shareholders of record on Monday, July 28th will be given a dividend of $0.51 per share. This is a boost from Adams Natural Resources Fund's previous -- dividend of $0.16. The ex-dividend date of this dividend is Monday, July 28th. This represents a yield of 9.31%.

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.