Adams Natural Resources Fund (NYSE:PEO) Reaches New 12-Month High – Time to Buy?

Adams Natural Resources Fund, Inc. (NYSE:PEO) shares hit a new 52-week high on Friday . The company traded as high as $26.29 and last traded at $25.9450, with a volume of 7884 shares. The stock had previously closed at $25.87.

Adams Natural Resources Fund Trading Up 1.1%

The company’s fifty day moving average is $23.88 and its 200 day moving average is $22.35.

Adams Natural Resources Fund Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Monday, January 26th were paid a dividend of $0.49 per share. This represents a $1.96 dividend on an annualized basis and a dividend yield of 7.5%. The ex-dividend date of this dividend was Monday, January 26th.

Institutional Investors Weigh In On Adams Natural Resources Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. NewEdge Advisors LLC grew its position in Adams Natural Resources Fund by 10.8% during the 4th quarter. NewEdge Advisors LLC now owns 14,183 shares of the financial services provider’s stock worth $308,000 after acquiring an additional 1,377 shares during the last quarter. Saba Capital Management L.P. lifted its position in Adams Natural Resources Fund by 0.4% in the fourth quarter. Saba Capital Management L.P. now owns 2,698,250 shares of the financial services provider’s stock valued at $58,660,000 after purchasing an additional 10,926 shares during the last quarter. Intrepid Family Office LLC boosted its stake in shares of Adams Natural Resources Fund by 2.3% during the fourth quarter. Intrepid Family Office LLC now owns 153,379 shares of the financial services provider’s stock valued at $3,334,000 after purchasing an additional 3,379 shares during the period. Evolve Private Wealth LLC bought a new position in shares of Adams Natural Resources Fund in the fourth quarter worth approximately $551,000. Finally, Cetera Investment Advisers increased its stake in shares of Adams Natural Resources Fund by 10.2% in the fourth quarter. Cetera Investment Advisers now owns 27,010 shares of the financial services provider’s stock worth $587,000 after buying an additional 2,510 shares during the period. Institutional investors 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.