Adams Natural Resources Fund (NYSE:PEO) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $25.97 and traded as low as $24.24. Adams Natural Resources Fund shares last traded at $24.4410, with a volume of 95,698 shares traded.

Adams Natural Resources Fund Stock Down 1.3%

The company’s fifty day moving average price is $25.97 and its two-hundred day moving average price is $25.07.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, April 27th were given a $0.52 dividend. The ex-dividend date was Monday, April 27th. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a yield of 8.5%.

Institutional Trading of Adams Natural Resources Fund

Institutional investors have recently added to or reduced their stakes in the stock. Bank of America Corp DE lifted its position in shares of Adams Natural Resources Fund by 0.9% in the first quarter. Bank of America Corp DE now owns 124,273 shares of the financial services provider’s stock valued at $3,455,000 after acquiring an additional 1,107 shares in the last quarter. Sunbelt Securities Inc. purchased a new stake in Adams Natural Resources Fund during the 1st quarter worth about $153,000. FCA Corp TX increased its position in Adams Natural Resources Fund by 5.2% during the 1st quarter. FCA Corp TX now owns 118,306 shares of the financial services provider’s stock worth $3,289,000 after purchasing an additional 5,819 shares in the last quarter. Cetera Investment Advisers increased its position in Adams Natural Resources Fund by 9.9% during the 1st quarter. Cetera Investment Advisers now owns 29,673 shares of the financial services provider’s stock worth $825,000 after purchasing an additional 2,663 shares in the last quarter. Finally, First Trust Advisors LP raised its stake in Adams Natural Resources Fund by 8.7% in the 1st quarter. First Trust Advisors LP now owns 77,470 shares of the financial services provider’s stock valued at $2,154,000 after purchasing an additional 6,175 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.

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.