Lazard Asset Management LLC Sells 55,653 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Lazard Asset Management LLC lowered its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 455,727 shares of the financial services provider's stock after selling 55,653 shares during the quarter. Lazard Asset Management LLC owned approximately 1.79% of Adams Natural Resources Fund worth $9,907,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Jones Financial Companies Lllp grew its position in Adams Natural Resources Fund by 31.9% during the fourth quarter. Jones Financial Companies Lllp now owns 4,547 shares of the financial services provider's stock valued at $99,000 after buying an additional 1,100 shares during the period. NewEdge Advisors LLC grew its position in Adams Natural Resources Fund by 13.6% during the fourth quarter. NewEdge Advisors LLC now owns 11,706 shares of the financial services provider's stock valued at $254,000 after buying an additional 1,405 shares during the period. Level Four Advisory Services LLC bought a new position in Adams Natural Resources Fund during the fourth quarter valued at about $301,000. Priebe Wealth Holdings LLC bought a new position in Adams Natural Resources Fund during the fourth quarter valued at about $317,000. Finally, RFG Advisory LLC bought a new position in Adams Natural Resources Fund during the fourth quarter valued at about $326,000. Institutional investors own 33.54% of the company's stock.

Adams Natural Resources Fund Price Performance

PEO traded up $0.05 during trading on Tuesday, hitting $20.49. 11,254 shares of the company traded hands, compared to its average volume of 51,800. The stock's fifty day moving average is $20.85 and its 200 day moving average is $22.03. 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 firm also recently announced a quarterly dividend, which will be paid on Wednesday, May 28th. Shareholders of record on Monday, April 28th will be given a dividend of $0.52 per share. The ex-dividend date is Monday, April 28th. This represents a $2.08 dividend on an annualized basis and a yield of 10.15%.

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.