Adams Natural Resources Fund (NYSE:PEO) Shares Cross Above 50-Day Moving Average – What’s Next?

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $25.74 and traded as high as $26.84. Adams Natural Resources Fund shares last traded at $26.6050, with a volume of 52,882 shares traded.

Adams Natural Resources Fund Price Performance

The business’s 50-day moving average price is $25.77 and its two-hundred day moving average price is $25.95.

Adams Natural Resources Fund Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, August 26th. Stockholders of record on Monday, July 27th will be given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.2%. The ex-dividend date is Monday, July 27th. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.52.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PEO. Comerica Bank boosted its position in shares of 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 worth $42,000 after acquiring an additional 513 shares in the last quarter. Jones Financial Companies Lllp lifted its stake in Adams Natural Resources Fund by 843.9% during the first quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 38,374 shares during the last quarter. Focus Partners Wealth lifted its stake in Adams Natural Resources Fund by 8.9% during the first quarter. Focus Partners Wealth now owns 16,950 shares of the financial services provider’s stock worth $387,000 after purchasing an additional 1,380 shares during the last quarter. First Trust Advisors LP boosted its holdings in shares of Adams Natural Resources Fund by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 62,564 shares of the financial services provider’s stock valued at $1,337,000 after purchasing an additional 5,204 shares in the last quarter. Finally, Baird Financial Group Inc. boosted its holdings in shares of Adams Natural Resources Fund by 21.9% in the 2nd quarter. Baird Financial Group Inc. now owns 32,961 shares of the financial services provider’s stock valued at $704,000 after purchasing an additional 5,915 shares in the last quarter. 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.