S&CO Inc. Acquires Shares of 59,425 Adams Natural Resources Fund, Inc. $PEO

Key Points

• S&CO Inc. acquired 59,425 shares of Adams Natural Resources Fund (NYSE: PEO) during the second quarter, valued at approximately $2.74 million and representing 0.22% ownership.
• Other institutional investors also increased their positions, with institutional ownership reaching 33.54% of the fund’s outstanding shares.
• PEO shares opened at $27.80, while the fund raised its quarterly dividend to $0.54 per share, implying an annualized payout of $2.16 and a 7.8% yield.

S&CO Inc. bought a new position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 59,425 shares of the financial services provider's stock, valued at approximately $2,743,000. S&CO Inc. owned 0.22% of Adams Natural Resources Fund as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC increased its stake in shares of Adams Natural Resources Fund by 23.4% in the 3rd quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider's stock worth $10,977,000 after acquiring an additional 96,622 shares in the last quarter. Pathstone Holdings LLC increased its stake in shares of Adams Natural Resources Fund by 28.2% during the third quarter. Pathstone Holdings LLC now owns 264,520 shares of the financial services provider's stock valued at $5,692,000 after purchasing an additional 58,231 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its stake in shares of Adams Natural Resources Fund by 2.3% during the fourth quarter. Adams Diversified Equity Fund Inc. now owns 2,572,684 shares of the financial services provider's stock valued at $55,930,000 after purchasing an additional 56,682 shares in the last quarter. Jones Financial Companies Lllp lifted its holdings in shares of Adams Natural Resources Fund by 843.9% during the first quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider's stock valued at $979,000 after purchasing an additional 38,374 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of Adams Natural Resources Fund during the first quarter valued at approximately $838,000. Institutional investors own 33.54% of the company's stock.

Adams Natural Resources Fund Trading Up 0.9%

Shares of NYSE:PEO opened at $27.80 on Friday. The stock has a fifty day simple moving average of $25.93 and a two-hundred day simple moving average of $26.08. Adams Natural Resources Fund, Inc. has a 12-month low of $20.75 and a 12-month high of $28.88.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, July 27th will be given a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 7.8%. This is a boost from Adams Natural Resources Fund's previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, July 27th.

Adams Natural Resources Fund Profile

Adams Natural Resources Fund NYSE: PEO is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.

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