Burney Co. Acquires Shares of 27,701 Adams Natural Resources Fund, Inc. (NYSE:PEO)

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 shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 27,701 shares of the financial services provider's stock, valued at approximately $632,000. Burney Co. owned approximately 0.11% of Adams Natural Resources Fund at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEO. Blue Bell Private Wealth Management LLC boosted its holdings in Adams Natural Resources Fund by 9.4% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 112,985 shares of the financial services provider's stock worth $2,577,000 after acquiring an additional 9,730 shares during the last quarter. Whitener Capital Management Inc. boosted its holdings in Adams Natural Resources Fund by 5.3% during the 1st quarter. Whitener Capital Management Inc. now owns 76,715 shares of the financial services provider's stock worth $1,750,000 after acquiring an additional 3,848 shares during the last quarter. Penserra Capital Management LLC purchased a new position in Adams Natural Resources Fund during the 1st quarter worth $4,695,000. Concurrent Investment Advisors LLC purchased a new position in Adams Natural Resources Fund during the 1st quarter worth $317,000. Finally, D.A. Davidson & CO. boosted its holdings in Adams Natural Resources Fund by 1.4% during the 1st quarter. D.A. Davidson & CO. now owns 64,895 shares of the financial services provider's stock worth $1,480,000 after acquiring an additional 921 shares during the last quarter. Institutional investors own 33.54% of the company's stock.

Adams Natural Resources Fund Price Performance

PEO traded down $0.15 during mid-day trading on Friday, reaching $21.99. 90,628 shares of the stock were exchanged, compared to its average volume of 76,430. The company has a 50 day moving average price of $21.30 and a two-hundred day moving average price of $21.51. Adams Natural Resources Fund, Inc. has a 1 year low of $18.34 and a 1 year high of $24.79.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a -- dividend, which will be paid on Tuesday, August 26th. Investors of record on Monday, July 28th will be issued a $0.51 dividend. This is an increase from Adams Natural Resources Fund's previous -- dividend of $0.16. This represents a dividend yield of 9.31%. The ex-dividend date of this dividend is Monday, July 28th.

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.