Adams Natural Resources Fund, Inc. $PEO Holdings Boosted by Adams Diversified Equity Fund Inc.

Adams Diversified Equity Fund Inc. lifted its position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 2.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,572,684 shares of the financial services provider’s stock after acquiring an additional 56,682 shares during the quarter. Adams Natural Resources Fund accounts for approximately 1.9% of Adams Diversified Equity Fund Inc.’s portfolio, making the stock its 9th largest holding. Adams Diversified Equity Fund Inc. owned about 0.10% of Adams Natural Resources Fund worth $55,930,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Adams Natural Resources Fund during the 4th quarter worth approximately $35,000. Comerica Bank lifted 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 valued at $42,000 after buying an additional 513 shares during the period. Advisory Services Network LLC purchased a new stake in shares of Adams Natural Resources Fund in the third quarter valued at approximately $48,000. Geneos Wealth Management Inc. boosted its stake in shares of Adams Natural Resources Fund by 45.2% in the second quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock valued at $55,000 after buying an additional 801 shares in the last quarter. Finally, Farther Finance Advisors LLC acquired a new position in Adams Natural Resources Fund during the fourth quarter worth $64,000. 33.54% of the stock is owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Stock Up 0.8%

Shares of PEO stock opened at $25.84 on Friday. The business’s fifty day moving average price is $26.26 and its 200 day moving average price is $24.87. Adams Natural Resources Fund, Inc. has a 1-year low of $20.57 and a 1-year high of $28.88.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, April 27th were issued a $0.52 dividend. The ex-dividend date was Monday, April 27th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 8.1%. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.49.

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.