Adams Natural Resources Fund (NYSE:PEO) Hits New 12-Month High – Should You Buy?

Adams Natural Resources Fund, Inc. (NYSE:PEO) shares hit a new 52-week high during mid-day trading on Friday . The stock traded as high as $27.15 and last traded at $27.05, with a volume of 8476 shares changing hands. The stock had previously closed at $26.85.

Adams Natural Resources Fund Stock Up 0.3%

The stock has a 50-day moving average of $25.28 and a 200 day moving average of $22.89.

Adams Natural Resources Fund Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, February 25th. Stockholders of record on Monday, January 26th were paid a $0.49 dividend. This represents a $1.96 annualized dividend and a dividend yield of 7.3%. The ex-dividend date of this dividend was Monday, January 26th.

Institutional Investors Weigh In On Adams Natural Resources Fund

Several institutional investors have recently modified their holdings of the business. Highline Wealth Partners LLC bought a new stake in shares of Adams Natural Resources Fund during the third quarter worth approximately $32,000. Global Retirement Partners LLC acquired a new stake in Adams Natural Resources Fund during the 4th quarter worth $35,000. Comerica Bank grew its holdings in Adams Natural Resources Fund by 38.1% during 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 bought a new stake in shares of Adams Natural Resources Fund during the 3rd quarter valued at $48,000. Finally, Geneos Wealth Management Inc. raised its position in shares of 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 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.