City of London Investment Management Co. Ltd. increased its holdings in shares of Adams Natural Resources Fund Inc (NYSE:PEO) by 1,071.6% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 142,442 shares of the financial services provider’s stock after purchasing an additional 130,284 shares during the period. City of London Investment Management Co. Ltd. owned approximately 0.50% of Adams Natural Resources Fund worth $2,803,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Lazard Asset Management LLC acquired a new stake in Adams Natural Resources Fund in the second quarter valued at approximately $15,338,000. Deschutes Portfolio Strategy LLC grew its stake in Adams Natural Resources Fund by 3.1% in the third quarter. Deschutes Portfolio Strategy LLC now owns 361,285 shares of the financial services provider’s stock valued at $7,099,000 after acquiring an additional 10,885 shares during the period. Cambridge Investment Research Advisors Inc. acquired a new stake in Adams Natural Resources Fund in the third quarter valued at approximately $1,580,000. HL Financial Services LLC grew its stake in Adams Natural Resources Fund by 0.8% in the second quarter. HL Financial Services LLC now owns 48,334 shares of the financial services provider’s stock valued at $904,000 after acquiring an additional 386 shares during the period. Finally, Doliver Capital Advisors LP grew its stake in Adams Natural Resources Fund by 109.7% in the second quarter. Doliver Capital Advisors LP now owns 49,591 shares of the financial services provider’s stock valued at $927,000 after acquiring an additional 25,948 shares during the period. 21.81% of the stock is owned by institutional investors and hedge funds.

In other news, Director Lauriann C. Kloppenburg acquired 1,500 shares of Adams Natural Resources Fund stock in a transaction on Wednesday, October 18th. The stock was purchased at an average price of $19.62 per share, with a total value of $29,430.00. Following the completion of the purchase, the director now owns 1,500 shares of the company’s stock, valued at approximately $29,430. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.49% of the company’s stock.

Shares of Adams Natural Resources Fund Inc (PEO) traded up $0.08 during trading on Monday, reaching $18.73. The company’s stock had a trading volume of 14,000 shares, compared to its average volume of 73,466. Adams Natural Resources Fund Inc has a 12-month low of $16.90 and a 12-month high of $20.82.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be paid a $0.20 dividend. This represents a $0.80 dividend on an annualized basis and a yield of 4.27%. The ex-dividend date of this dividend is Tuesday, November 21st. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.10.

Separately, National Bank Financial reissued an “outperform” rating and issued a C$8.00 price objective on shares of Adams Natural Resources Fund in a research note on Wednesday, September 6th.

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Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund, Inc (the Fund) is a non-diversified closed-end investment company. The investment objectives of the Fund are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. The Fund specializes in energy and other natural resources stocks.

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Institutional Ownership by Quarter for Adams Natural Resources Fund (NYSE:PEO)

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