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

Adams Natural Resources Fund, Inc. (NYSE:PEO) shares passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $23.09 and traded as high as $25.88. Adams Natural Resources Fund shares last traded at $25.5870, with a volume of 53,998 shares changing hands.

Adams Natural Resources Fund Trading Down 0.2%

The company’s 50-day simple moving average is $23.09 and its 200-day simple moving average is $22.04.

Adams Natural Resources Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Investors of record on Monday, January 26th will be issued a dividend of $0.49 per share. This represents a $1.96 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Monday, January 26th.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in the company. Highline Wealth Partners LLC bought a new stake in shares of Adams Natural Resources Fund in the third quarter valued at about $32,000. Global Retirement Partners LLC bought a new position in Adams Natural Resources Fund during the fourth quarter worth about $35,000. Comerica Bank raised its stake in Adams Natural Resources Fund by 38.1% in the 1st quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 513 shares in the last quarter. Advisory Services Network LLC bought a new stake in Adams Natural Resources Fund in the 3rd quarter valued at about $48,000. Finally, Geneos Wealth Management Inc. boosted its holdings in Adams Natural Resources Fund by 45.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 801 shares during the period. Institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

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.