Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Gregory W. Buckley Acquires 1,070 Shares

Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) VP Gregory W. Buckley bought 1,070 shares of the company's stock in a transaction that occurred on Wednesday, May 1st. The stock was bought at an average price of $23.06 per share, for a total transaction of $24,674.20. Following the acquisition, the vice president now directly owns 14,053 shares of the company's stock, valued at approximately $324,062.18. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Adams Natural Resources Fund Stock Up 1.0 %

PEO traded up $0.23 during trading on Thursday, hitting $23.10. The company's stock had a trading volume of 35,694 shares, compared to its average volume of 34,763. Adams Natural Resources Fund, Inc. has a one year low of $19.22 and a one year high of $24.25. The business's 50 day simple moving average is $22.76 and its 200-day simple moving average is $21.56.

Adams Natural Resources Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Friday, May 17th will be given a dividend of $0.10 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.73%.

Institutional Trading of Adams Natural Resources Fund

Several institutional investors and hedge funds have recently modified their holdings of the company. Saba Capital Management L.P. grew its stake 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 valued at $37,789,000 after acquiring an additional 909,398 shares in the last quarter. Cornerstone Advisors LLC boosted its stake in shares of Adams Natural Resources Fund by 2.4% during the 4th quarter. Cornerstone Advisors LLC now owns 482,767 shares of the financial services provider's stock worth $9,959,000 after purchasing an additional 11,207 shares during the period. Raymond James & Associates boosted its stake in shares of Adams Natural Resources Fund by 22.2% during the 4th quarter. Raymond James & Associates now owns 224,749 shares of the financial services provider's stock worth $4,637,000 after purchasing an additional 40,832 shares during the period. FCA Corp TX boosted its stake in shares of Adams Natural Resources Fund by 5.4% during the 4th quarter. FCA Corp TX now owns 103,233 shares of the financial services provider's stock worth $2,130,000 after purchasing an additional 5,251 shares during the period. Finally, Whitener Capital Management Inc. lifted its holdings in Adams Natural Resources Fund by 2.2% during the 3rd quarter. Whitener Capital Management Inc. now owns 69,034 shares of the financial services provider's stock valued at $1,596,000 after buying an additional 1,507 shares in the last quarter. 33.54% of the stock is currently owned by institutional investors.

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.