Northwestern Mutual Wealth Management Co. Sells 619 Shares of Adams Natural Resources Fund, Inc. $PEO

Northwestern Mutual Wealth Management Co. lessened its holdings in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 18.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 2,736 shares of the financial services provider’s stock after selling 619 shares during the quarter. Northwestern Mutual Wealth Management Co.’s holdings in Adams Natural Resources Fund were worth $62,000 as of its most recent SEC filing.

Several other hedge funds have also added to or reduced their stakes in the business. Adams Diversified Equity Fund Inc. raised its stake in Adams Natural Resources Fund by 2.4% during the 1st quarter. Adams Diversified Equity Fund Inc. now owns 2,396,247 shares of the financial services provider’s stock worth $54,658,000 after buying an additional 55,314 shares during the period. Pathstone Holdings LLC raised its stake in Adams Natural Resources Fund by 42.1% during the 4th quarter. Pathstone Holdings LLC now owns 414,351 shares of the financial services provider’s stock worth $9,011,000 after buying an additional 122,847 shares during the period. Penserra Capital Management LLC acquired a new stake in Adams Natural Resources Fund during the 1st quarter worth $4,695,000. FCA Corp TX raised its stake in Adams Natural Resources Fund by 1.7% during the 1st quarter. FCA Corp TX now owns 114,773 shares of the financial services provider’s stock worth $2,618,000 after buying an additional 1,876 shares during the period. Finally, Blue Bell Private Wealth Management LLC raised its stake in Adams Natural Resources Fund by 9.4% during the 1st quarter. Blue Bell Private Wealth Management LLC now owns 112,985 shares of the financial services provider’s stock worth $2,577,000 after buying an additional 9,730 shares during the period. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Stock Down 1.8%

Shares of Adams Natural Resources Fund stock opened at $21.39 on Friday. Adams Natural Resources Fund, Inc. has a 12 month low of $18.34 and a 12 month high of $24.79. The stock’s fifty day simple moving average is $21.54 and its 200 day simple moving average is $21.23.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, August 26th. Investors of record on Monday, July 28th were paid a dividend of $0.51 per share. This represents a $2.04 annualized dividend and a yield of 9.5%. The ex-dividend date of this dividend was Monday, July 28th. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.

Adams Natural Resources Fund Company 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.