Raymond James Financial Inc. Has $5.16 Million Stock Position in Adams Natural Resources Fund, Inc. $PEO

Raymond James Financial Inc. cut its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 0.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 226,356 shares of the financial services provider’s stock after selling 1,050 shares during the period. Raymond James Financial Inc. owned 0.86% of Adams Natural Resources Fund worth $5,163,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. NBC Securities Inc. lifted its position in Adams Natural Resources Fund by 114,200.0% during the first quarter. NBC Securities Inc. now owns 1,143 shares of the financial services provider’s stock worth $26,000 after acquiring an additional 1,142 shares during the last quarter. Joel Isaacson & Co. LLC acquired a new stake in Adams Natural Resources Fund during the first quarter worth approximately $254,000. Concurrent Investment Advisors LLC acquired a new stake in Adams Natural Resources Fund during the first quarter worth approximately $317,000. PFG Investments LLC acquired a new stake in Adams Natural Resources Fund during the first quarter worth approximately $327,000. Finally, Focus Partners Wealth lifted its position in Adams Natural Resources Fund by 3.6% during the fourth quarter. Focus Partners Wealth now owns 15,570 shares of the financial services provider’s stock worth $338,000 after acquiring an additional 541 shares during the last quarter. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Adams Natural Resources Fund Stock Performance

Shares of PEO stock opened at $21.77 on Friday. The firm has a 50 day moving average price of $21.54 and a two-hundred day moving average price of $21.25. Adams Natural Resources Fund, Inc. has a 12-month low of $18.34 and a 12-month high of $24.79.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, August 26th. Stockholders of record on Monday, July 28th were issued a dividend of $0.51 per share. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $2.04 annualized dividend and a dividend yield of 9.4%. The ex-dividend date of this dividend was Monday, July 28th.

Adams Natural Resources Fund 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.