Adams Natural Resources Fund, Inc. $PEO is Adams Diversified Equity Fund Inc.’s 7th Largest Position

Adams Diversified Equity Fund Inc. grew its holdings in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 1.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 2,621,907 shares of the financial services provider’s stock after acquiring an additional 49,223 shares during the quarter. Adams Natural Resources Fund comprises 2.6% of Adams Diversified Equity Fund Inc.’s portfolio, making the stock its 7th largest holding. Adams Diversified Equity Fund Inc. owned approximately 0.10% of Adams Natural Resources Fund worth $72,889,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Global Retirement Partners LLC bought a new stake in Adams Natural Resources Fund in the fourth quarter valued at $35,000. Comerica Bank raised its holdings in 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 purchasing an additional 513 shares in the last quarter. Advisory Services Network LLC purchased a new stake in shares of Adams Natural Resources Fund in the 3rd quarter worth about $48,000. Geneos Wealth Management Inc. lifted its position in shares of Adams Natural Resources Fund by 45.2% in the 2nd quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 801 shares during the period. Finally, Farther Finance Advisors LLC bought a new stake in shares of Adams Natural Resources Fund during the 4th quarter valued at about $64,000. Institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Trading Down 0.2%

Shares of NYSE PEO opened at $24.69 on Friday. Adams Natural Resources Fund, Inc. has a 1 year low of $20.57 and a 1 year high of $28.88. The company’s 50-day moving average is $25.91 and its 200 day moving average is $25.09.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, April 27th were given a dividend of $0.52 per share. This represents a $2.08 annualized dividend and a yield of 8.4%. The ex-dividend date of this dividend was Monday, April 27th. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.49.

Adams Natural Resources Fund 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.