6 Meridian increased its holdings in shares of Adams Natural Resources Fund Inc (NYSE:PEO) by 56.1% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 86,580 shares of the financial services provider’s stock after buying an additional 31,119 shares during the period. 6 Meridian owned about 0.29% of Adams Natural Resources Fund worth $1,425,000 at the end of the most recent quarter.
Other large investors have also bought and sold shares of the company. Wells Fargo & Company MN increased its stake in shares of Adams Natural Resources Fund by 3.7% in the second quarter. Wells Fargo & Company MN now owns 67,271 shares of the financial services provider’s stock valued at $1,112,000 after buying an additional 2,397 shares during the period. Cohen & Steers Inc. lifted its stake in shares of Adams Natural Resources Fund by 17.7% in the second quarter. Cohen & Steers Inc. now owns 206,778 shares of the financial services provider’s stock worth $3,420,000 after acquiring an additional 31,024 shares during the period. Mutual Advisors LLC bought a new stake in Adams Natural Resources Fund in the second quarter valued at approximately $515,000. Walleye Trading Advisors LLC bought a new stake in Adams Natural Resources Fund in the second quarter valued at approximately $271,000. Finally, Stonehage Fleming Financial Services Holdings Ltd acquired a new position in shares of Adams Natural Resources Fund in the 2nd quarter worth approximately $52,000. Institutional investors and hedge funds own 24.32% of the company’s stock.
Separately, CIBC upped their price objective on shares of Adams Natural Resources Fund from $11.00 to $11.50 in a research note on Wednesday, October 23rd.
In other Adams Natural Resources Fund news, Director Frederic A. Escherich acquired 3,000 shares of the stock in a transaction dated Tuesday, December 24th. The stock was purchased at an average cost of $16.31 per share, with a total value of $48,930.00. Company insiders own 0.20% of the company’s stock.
PEO stock opened at $16.44 on Wednesday. The company’s fifty day simple moving average is $16.03 and its 200 day simple moving average is $15.91. Adams Natural Resources Fund Inc has a 12-month low of $14.61 and a 12-month high of $17.43.
The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, November 25th were issued a dividend of $0.48 per share. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.10. This represents a $1.92 dividend on an annualized basis and a yield of 11.68%. The ex-dividend date of this dividend was Friday, November 22nd.
Adams Natural Resources Fund Company Profile
Adams Natural Resources Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets across the globe. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.
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