Millennium Management LLC Sells 13,770 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Millennium Management LLC reduced its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 50.8% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 13,310 shares of the financial services provider's stock after selling 13,770 shares during the period. Millennium Management LLC owned approximately 0.05% of Adams Natural Resources Fund worth $289,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of PEO. Jones Financial Companies Lllp grew its stake in shares of Adams Natural Resources Fund by 31.9% during the 4th quarter. Jones Financial Companies Lllp now owns 4,547 shares of the financial services provider's stock worth $99,000 after acquiring an additional 1,100 shares in the last quarter. NewEdge Advisors LLC grew its stake in shares of Adams Natural Resources Fund by 13.6% during the 4th quarter. NewEdge Advisors LLC now owns 11,706 shares of the financial services provider's stock worth $254,000 after acquiring an additional 1,405 shares in the last quarter. Level Four Advisory Services LLC bought a new position in shares of Adams Natural Resources Fund during the 4th quarter worth approximately $301,000. Moors & Cabot Inc. grew its stake in shares of Adams Natural Resources Fund by 4.6% during the 4th quarter. Moors & Cabot Inc. now owns 15,298 shares of the financial services provider's stock worth $333,000 after acquiring an additional 669 shares in the last quarter. Finally, Focus Partners Wealth grew its stake in shares of Adams Natural Resources Fund by 3.6% during the 4th quarter. Focus Partners Wealth now owns 15,570 shares of the financial services provider's stock worth $338,000 after acquiring an additional 541 shares in the last quarter. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Adams Natural Resources Fund Price Performance

Shares of PEO traded up $0.16 during mid-day trading on Thursday, hitting $21.38. 51,690 shares of the company's stock were exchanged, compared to its average volume of 52,380. Adams Natural Resources Fund, Inc. has a 52 week low of $18.35 and a 52 week high of $24.23. The company has a 50-day simple moving average of $20.24 and a 200 day simple moving average of $21.60.

Adams Natural Resources Fund Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, April 28th were paid a dividend of $0.52 per share. The ex-dividend date was Monday, April 28th. This represents a $2.08 annualized dividend and a dividend yield of 9.73%.

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.