Adams Natural Resources Fund (NYSE:PEO) Sets New 52-Week High at $23.82

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) hit a new 52-week high during trading on Thursday . The stock traded as high as $23.82 and last traded at $23.79, with a volume of 3548 shares. The stock had previously closed at $23.72.

Adams Natural Resources Fund Stock Performance

The firm has a fifty day moving average price of $21.70 and a 200 day moving average price of $21.45.

Adams Natural Resources Fund Cuts Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were issued a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.69%. The ex-dividend date of this dividend was Thursday, February 8th.

Insider Activity at Adams Natural Resources Fund

In other news, VP Gregory W. Buckley purchased 3,350 shares of the firm's stock in a transaction that occurred on Monday, January 29th. The shares were acquired at an average price of $20.50 per share, for a total transaction of $68,675.00. Following the completion of the acquisition, the vice president now directly owns 12,936 shares in the company, valued at $265,188. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is owned by company insiders.

Hedge Funds Weigh In On Adams Natural Resources Fund

Hedge funds have recently added to or reduced their stakes in the company. Saba Capital Management L.P. boosted its holdings in Adams Natural Resources Fund by 125.4% during the third quarter. Saba Capital Management L.P. now owns 1,634,468 shares of the financial services provider's stock worth $37,789,000 after buying an additional 909,398 shares during the last quarter. Morgan Stanley boosted its holdings in Adams Natural Resources Fund by 122.9% during the fourth quarter. Morgan Stanley now owns 490,431 shares of the financial services provider's stock worth $10,691,000 after buying an additional 270,399 shares during the last quarter. 1832 Asset Management L.P. bought a new position in Adams Natural Resources Fund during the first quarter worth about $4,434,000. Raymond James & Associates boosted its holdings in Adams Natural Resources Fund by 308.9% during the first quarter. Raymond James & Associates now owns 175,456 shares of the financial services provider's stock worth $3,672,000 after buying an additional 132,544 shares during the last quarter. Finally, Lazard Asset Management LLC boosted its holdings in Adams Natural Resources Fund by 22.9% during the second quarter. Lazard Asset Management LLC now owns 701,266 shares of the financial services provider's stock worth $14,600,000 after buying an additional 130,844 shares during the last quarter. Institutional investors own 33.54% of the company's stock.

Adams Natural Resources Fund Company 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.