Adams Natural Resources Fund (NYSE:PEO) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Adams Natural Resources Fund, Inc. (NYSE:PEO) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $21.55 and traded as high as $21.78. Adams Natural Resources Fund shares last traded at $21.77, with a volume of 25,642 shares changing hands.

Adams Natural Resources Fund Price Performance

The company has a 50 day moving average price of $21.55 and a 200 day moving average price of $21.55.

Adams Natural Resources Fund Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 19th. Stockholders of record on Friday, November 21st were issued a dividend of $0.49 per share. The ex-dividend date was Friday, November 21st. This represents a $1.96 annualized dividend and a dividend yield of 9.0%.

Institutional Trading of Adams Natural Resources Fund

Several hedge funds have recently bought and sold shares of the business. Comerica Bank raised its holdings in Adams Natural Resources Fund by 38.1% during the first quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock worth $42,000 after buying an additional 513 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Adams Natural Resources Fund by 56.9% during the first quarter. Advisors Asset Management Inc. now owns 38,623 shares of the financial services provider’s stock worth $881,000 after acquiring an additional 14,005 shares in the last quarter. Jones Financial Companies Lllp raised its holdings in shares of Adams Natural Resources Fund by 843.9% in the 1st quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock worth $979,000 after acquiring an additional 38,374 shares during the last quarter. Focus Partners Wealth raised its holdings in shares of Adams Natural Resources Fund by 8.9% in the 1st quarter. Focus Partners Wealth now owns 16,950 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 1,380 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC boosted its stake in Adams Natural Resources Fund by 4.0% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,146 shares of the financial services provider’s stock valued at $1,360,000 after purchasing an additional 2,370 shares during the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.