Cullen Investment Group LTD. Invests $568,000 in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Cullen Investment Group LTD. bought a new stake in Adams Natural Resources Fund, Inc. (NYSE:PEO) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 27,526 shares of the financial services provider’s stock, valued at approximately $568,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Comerica Bank acquired a new position in Adams Natural Resources Fund in the 3rd quarter valued at about $26,000. Venturi Wealth Management LLC raised its stake in Adams Natural Resources Fund by 199.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,499 shares of the financial services provider’s stock valued at $52,000 after purchasing an additional 1,665 shares during the last quarter. JPMorgan Chase & Co. raised its stake in Adams Natural Resources Fund by 71.3% in the 1st quarter. JPMorgan Chase & Co. now owns 5,193 shares of the financial services provider’s stock valued at $107,000 after purchasing an additional 2,162 shares during the last quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its stake in Adams Natural Resources Fund by 6.2% in the 4th quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,123 shares of the financial services provider’s stock valued at $183,000 after purchasing an additional 475 shares during the last quarter. Finally, Johnson Financial Group Inc. raised its stake in Adams Natural Resources Fund by 10.3% in the 1st quarter. Johnson Financial Group Inc. now owns 9,715 shares of the financial services provider’s stock valued at $200,000 after purchasing an additional 907 shares during the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Price Performance

Shares of PEO stock opened at $23.37 on Tuesday. The firm has a 50-day moving average price of $22.15 and a 200 day moving average price of $21.46. Adams Natural Resources Fund, Inc. has a twelve month low of $19.22 and a twelve month high of $24.25.

Adams Natural Resources Fund Cuts Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 1st. Investors of record on Friday, February 9th were paid a $0.10 dividend. This represents a $0.40 annualized dividend and a yield of 1.71%. The ex-dividend date of this dividend was Thursday, February 8th.

Insider Buying and Selling at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, VP Gregory W. Buckley purchased 3,350 shares of the stock in a transaction on Monday, January 29th. The stock was bought at an average price of $20.50 per share, for a total transaction of $68,675.00. Following the acquisition, the vice president now directly owns 12,936 shares of the company’s stock, valued at $265,188. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.06% of the stock is owned by company insiders.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. 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.