Adams Natural Resources Fund, Inc. (NYSE:PEO) Major Shareholder Saba Capital Management, L.P. Purchases 11,058 Shares

Adams Natural Resources Fund, Inc. (NYSE:PEO) major shareholder Saba Capital Management, L.P. bought 11,058 shares of the company’s stock in a transaction dated Thursday, August 22nd. The stock was acquired at an average price of $22.70 per share, for a total transaction of $251,016.60. Following the acquisition, the insider now directly owns 2,837,006 shares in the company, valued at $64,400,036.20. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Large shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Thursday, August 1st, Saba Capital Management, L.P. acquired 9,863 shares of Adams Natural Resources Fund stock. The shares were bought at an average cost of $24.14 per share, for a total transaction of $238,092.82.
• On Monday, July 22nd, Saba Capital Management, L.P. bought 7,549 shares of Adams Natural Resources Fund stock. The stock was bought at an average price of $23.85 per share, with a total value of $180,043.65.
• On Thursday, July 18th, Saba Capital Management, L.P. purchased 12,948 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $24.29 per share, for a total transaction of $314,506.92.
• On Tuesday, July 16th, Saba Capital Management, L.P. bought 7,674 shares of Adams Natural Resources Fund stock. The shares were purchased at an average cost of $23.93 per share, with a total value of $183,638.82.
• On Friday, July 12th, Saba Capital Management, L.P. acquired 11,697 shares of Adams Natural Resources Fund stock. The shares were bought at an average cost of $23.61 per share, with a total value of $276,166.17.
• On Friday, July 5th, Saba Capital Management, L.P. purchased 17,917 shares of Adams Natural Resources Fund stock. The stock was acquired at an average cost of $23.61 per share, with a total value of $423,020.37.
• On Wednesday, July 3rd, Saba Capital Management, L.P. acquired 5,430 shares of Adams Natural Resources Fund stock. The shares were bought at an average cost of $23.58 per share, with a total value of $128,039.40.
• On Monday, July 1st, Saba Capital Management, L.P. bought 26,730 shares of Adams Natural Resources Fund stock. The stock was purchased at an average cost of $23.59 per share, for a total transaction of $630,560.70.
• On Friday, June 28th, Saba Capital Management, L.P. acquired 23,459 shares of Adams Natural Resources Fund stock. The shares were purchased at an average cost of $23.56 per share, with a total value of $552,694.04.
• On Wednesday, June 26th, Saba Capital Management, L.P. acquired 12,850 shares of Adams Natural Resources Fund stock. The stock was acquired at an average price of $23.35 per share, with a total value of $300,047.50.

Adams Natural Resources Fund Stock Up 1.2 %

Shares of NYSE PEO opened at $23.01 on Friday. Adams Natural Resources Fund, Inc. has a 1-year low of $19.78 and a 1-year high of $24.49. The company has a 50-day moving average of $23.35 and a two-hundred day moving average of $22.91.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Monday, August 5th will be issued a $0.54 dividend. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend is Monday, August 5th. This represents a $2.16 annualized dividend and a yield of 9.39%.

Institutional Investors Weigh In On Adams Natural Resources Fund

Several institutional investors have recently modified their holdings of the business. Northwestern Mutual Wealth Management Co. boosted its stake in Adams Natural Resources Fund by 241.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 2,283 shares during the last quarter. Vantage Financial Partners LLC bought a new position in Adams Natural Resources Fund during the first quarter worth about $201,000. Searle & CO. acquired a new position in shares of Adams Natural Resources Fund during the 2nd quarter worth about $201,000. Simplicity Wealth LLC acquired a new position in Adams Natural Resources Fund during the second quarter valued at approximately $203,000. Finally, Flow State Investments L.P. bought a new stake in Adams Natural Resources Fund in the fourth quarter valued at approximately $304,000. Institutional investors and hedge funds own 33.54% of the company’s stock.

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.