Adams Natural Resources Fund (NYSE:PEO) Stock Price Crosses Above 50-Day Moving Average - Should You Sell?

Key Points

• Adams Natural Resources Fund shares rose 0.5% and crossed above their 50-day moving average of $27.72, reaching an intraday high of $29.29 before trading at $28.78.
• The fund increased its quarterly dividend to $0.54 per share from $0.52, implying an annualized payout of $2.16 and a 7.5% yield.
• Institutional investors own 33.54% of the fund, with several major firms recently establishing or increasing positions, indicating continued institutional interest.

Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $27.72 and traded as high as $29.29. Adams Natural Resources Fund shares last traded at $28.78, with a volume of 63,203 shares.

Adams Natural Resources Fund Stock Up 0.5%

The company has a fifty day moving average price of $27.72 and a two-hundred day moving average price of $26.68.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, August 26th. Shareholders of record on Monday, July 27th were paid a $0.54 dividend. This is a positive change from Adams Natural Resources Fund's previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a yield of 7.5%. The ex-dividend date was Monday, July 27th.

Institutional Investors Weigh In On Adams Natural Resources Fund

Institutional investors and hedge funds have recently made changes to their positions in the stock. Adams Diversified Equity Fund Inc. boosted its holdings in shares of Adams Natural Resources Fund by 1.9% in the 1st 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 buying an additional 49,223 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Adams Natural Resources Fund during the second quarter worth $16,153,000. Bank of New York Mellon Corp acquired a new stake in Adams Natural Resources Fund in the second quarter valued at $14,657,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Adams Natural Resources Fund in the second quarter valued at $8,515,000. Finally, Bank of America Corp DE grew its position in shares of Adams Natural Resources Fund by 0.9% in 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 acquiring an additional 1,107 shares during the period. Institutional investors own 33.54% of the company's stock.

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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