Adams Natural Resources Fund (NYSE:PEO) Hits New 52-Week High – Here’s Why

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s share price reached a new 52-week high during mid-day trading on Thursday . The stock traded as high as $27.12 and last traded at $26.90, with a volume of 219821 shares traded. The stock had previously closed at $26.32.

Adams Natural Resources Fund Stock Performance

The company’s 50 day moving average is $24.37 and its 200 day moving average is $22.54.

Adams Natural Resources Fund Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Monday, January 26th were issued a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 7.4%. The ex-dividend date of this dividend was Monday, January 26th.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of PEO. Highline Wealth Partners LLC purchased a new position in shares of Adams Natural Resources Fund in the 3rd quarter valued at approximately $32,000. Global Retirement Partners LLC purchased a new stake in Adams Natural Resources Fund during the fourth quarter worth about $35,000. Comerica Bank grew its holdings in shares of 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 acquiring an additional 513 shares during the period. Advisory Services Network LLC purchased a new position in shares of Adams Natural Resources Fund in the third quarter valued at $48,000. Finally, Geneos Wealth Management Inc. increased its holdings in Adams Natural Resources Fund by 45.2% during the 2nd quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 801 shares in the last quarter. 33.54% of the stock is currently owned by institutional investors and hedge funds.

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.