Adams Natural Resources Fund (NYSE:PEO) Shares Gap Down – Time to Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s share price gapped down prior to trading on Monday . The stock had previously closed at $27.61, but opened at $26.64. Adams Natural Resources Fund shares last traded at $26.90, with a volume of 10,371 shares.

Adams Natural Resources Fund Trading Down 2.8%

The firm has a fifty day moving average price of $25.73 and a two-hundred day moving average price of $25.69.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, July 27th will be paid a dividend of $0.54 per share. The ex-dividend date is Monday, July 27th. This represents a $2.16 dividend on an annualized basis and a yield of 8.0%. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.52.

Institutional Investors Weigh In On Adams Natural Resources Fund

Institutional investors have recently made changes to their positions in the company. Lazard Asset Management LLC raised its stake in Adams Natural Resources Fund by 23.4% during the 3rd quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider’s stock valued at $10,977,000 after buying an additional 96,622 shares during the last quarter. Pathstone Holdings LLC increased its position in shares of Adams Natural Resources Fund by 28.2% during the 3rd quarter. Pathstone Holdings LLC now owns 264,520 shares of the financial services provider’s stock valued at $5,692,000 after purchasing an additional 58,231 shares during the last quarter. Adams Diversified Equity Fund Inc. increased its position in shares of Adams Natural Resources Fund by 2.3% during the 4th quarter. Adams Diversified Equity Fund Inc. now owns 2,572,684 shares of the financial services provider’s stock valued at $55,930,000 after purchasing an additional 56,682 shares during the last quarter. Jones Financial Companies Lllp boosted its holdings in shares of Adams Natural Resources Fund by 843.9% in the first quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock worth $979,000 after buying an additional 38,374 shares during the last quarter. Finally, Calamos Advisors LLC purchased a new position in shares of Adams Natural Resources Fund in the first quarter worth approximately $838,000. 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.