Adams Natural Resources Fund (NYSE:PEO) Sets New 52-Week High – Still a Buy?

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s stock price reached a new 52-week high on Friday. The stock traded as high as $29.83 and last traded at $29.8450, with a volume of 43,250 shares trading hands. The stock had previously closed at $29.29.

Adams Natural Resources Fund Stock Performance

The stock’s 50 day moving average price is $28.51 and its two-hundred day moving average price is $26.92.

Institutional Investors Weigh In On Adams Natural Resources Fund

Several large investors have recently made changes to their positions in PEO. Northwestern Mutual Wealth Management Co. purchased a new position in shares of Adams Natural Resources Fund in the 2nd quarter valued at $35,000. Community Financial Services Group LLC boosted its position in Adams Natural Resources Fund by 175.0% during the 3rd quarter. Community Financial Services Group LLC now owns 1,100 shares of the financial services provider’s stock worth $30,000 after purchasing an additional 700 shares during the period. Fifth Third Bancorp boosted its position in Adams Natural Resources Fund by 2,697.6% during the 1st quarter. Fifth Third Bancorp now owns 2,294 shares of the financial services provider’s stock worth $64,000 after purchasing an additional 2,212 shares during the period. PNC Financial Services Group Inc. increased its holdings in Adams Natural Resources Fund by 30.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,550 shares of the financial services provider’s stock valued at $71,000 after purchasing an additional 600 shares in the last quarter. Finally, Sunbelt Securities Inc. acquired a new stake in Adams Natural Resources Fund in the 1st quarter valued at $153,000. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund (NYSE: PEO) is a closed-end investment company that seeks long-term growth of capital and income by investing primarily in companies involved in natural resources. Its portfolio generally focuses on energy, metals, mining, and other basic-materials businesses.

The fund provides investors with diversified exposure to the natural-resources sector through publicly traded companies. Its investments may include producers, developers, and service providers across areas such as oil and natural gas, precious and industrial metals, and other resource-related industries.

Adams Natural Resources Fund is managed by Adams Investment Management, an affiliated investment manager of Adams Funds.