Adams Natural Resources Fund (NYSE:PEO) Sets New 1-Year High – What’s Next?

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s stock price reached a new 52-week high on Thursday . The stock traded as high as $26.28 and last traded at $26.04, with a volume of 19680 shares trading hands. The stock had previously closed at $25.83.

Adams Natural Resources Fund Trading Up 0.9%

The firm has a fifty day moving average of $23.24 and a 200 day moving average of $22.10.

Adams Natural Resources Fund Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Monday, January 26th will be issued a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, January 26th. This represents a $1.96 annualized dividend and a dividend yield of 7.5%.

Institutional Investors Weigh In On Adams Natural Resources Fund

Hedge funds have recently made changes to their positions in the business. Highline Wealth Partners LLC bought a new position in Adams Natural Resources Fund in the 3rd quarter worth approximately $32,000. Global Retirement Partners LLC bought a new position in Adams Natural Resources Fund in the 4th quarter valued at about $35,000. Comerica Bank increased its stake in Adams Natural Resources Fund by 38.1% during 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 bought a new stake in shares of Adams Natural Resources Fund during the 3rd quarter worth about $48,000. Finally, Geneos Wealth Management Inc. lifted its stake 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 acquiring an additional 801 shares during the period. 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.