Millennium Management LLC Trims Stock Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Millennium Management LLC lowered its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 50.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund 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 SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Jones Financial Companies Lllp lifted its position in 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 worth $99,000 after buying an additional 1,100 shares during the last quarter. NewEdge Advisors LLC grew its holdings in shares of Adams Natural Resources Fund by 13.6% in the fourth 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 during the period. Level Four Advisory Services LLC purchased a new position in Adams Natural Resources Fund during the fourth quarter valued at $301,000. Moors & Cabot Inc. increased its stake in Adams Natural Resources Fund by 4.6% in the 4th quarter. Moors & Cabot Inc. now owns 15,298 shares of the financial services provider's stock worth $333,000 after buying an additional 669 shares in the last quarter. Finally, Focus Partners Wealth lifted its stake in Adams Natural Resources Fund by 3.6% in the 4th quarter. Focus Partners Wealth now owns 15,570 shares of the financial services provider's stock worth $338,000 after purchasing an additional 541 shares in the last quarter. 33.54% of the stock is owned by institutional investors.

Adams Natural Resources Fund Stock Performance

Adams Natural Resources Fund stock traded up $0.41 during mid-day trading on Friday, hitting $21.76. The company's stock had a trading volume of 92,561 shares, compared to its average volume of 52,608. The company has a 50 day moving average of $20.29 and a 200-day moving average of $21.57. Adams Natural Resources Fund, Inc. has a one year low of $18.35 and a one year high of $24.23.

Adams Natural Resources Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, May 28th. Stockholders of record on Monday, April 28th were issued a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a dividend yield of 9.56%. The ex-dividend date was Monday, April 28th.

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.