Adams Natural Resources Fund (NYSE:PEO) Stock Price Breaks Above Fifty Day Moving Average - Time to Sell?

Key Points

• Adams Natural Resources Fund shares briefly moved above their 50-day moving average of $28.00, reaching $28.37 before trading near $27.97; the stock was down 0.8%.
• The fund increased its quarterly dividend to $0.54 per share, or $2.16 annualized, representing a yield of approximately 7.7%.
• Institutional investors own 33.54% of the fund, with several major firms establishing or increasing positions during the first and second quarters.

Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday. The stock has a fifty day moving average of $28.00 and traded as high as $28.37. Adams Natural Resources Fund shares last traded at $27.97, with a volume of 52,956 shares traded.

Adams Natural Resources Fund Stock Down 0.8%

The company's 50 day simple moving average is $28.00 and its 200 day simple moving average is $26.75.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, July 27th were given a $0.54 dividend. This is a boost from Adams Natural Resources Fund's previous quarterly dividend of $0.52. The ex-dividend date was Monday, July 27th. This represents a $2.16 annualized dividend and a yield of 7.7%.

Hedge Funds Weigh In On Adams Natural Resources Fund

Large investors have recently modified their holdings of the business. Adams Diversified Equity Fund Inc. boosted its holdings in Adams Natural Resources Fund by 1.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 2,621,907 shares of the financial services provider's stock valued at $72,889,000 after purchasing an additional 49,223 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor purchased a new stake in Adams Natural Resources Fund during the 2nd quarter worth approximately $16,153,000. Bank of New York Mellon Corp acquired a new position in shares of Adams Natural Resources Fund in the 2nd quarter valued at approximately $14,657,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Adams Natural Resources Fund in the 2nd quarter valued at approximately $8,515,000. Finally, Bank of America Corp DE boosted its stake in shares of Adams Natural Resources Fund by 0.9% during the 1st quarter. Bank of America Corp DE now owns 124,273 shares of the financial services provider's stock valued at $3,455,000 after buying an additional 1,107 shares during the last quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund, Inc NYSE: PEO is a closed-end investment company that seeks long-term capital appreciation and income by investing primarily in companies involved in the energy and natural resources sectors. Its portfolio may include businesses engaged in the exploration, production, processing, transportation and distribution of energy and other natural resources.

The fund provides shareholders with diversified exposure to natural-resource industries through investments in publicly traded companies.

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