Saba Capital Management, L.P. Purchases 17,917 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) Stock

Adams Natural Resources Fund, Inc. (NYSE:PEOGet Free Report) major shareholder Saba Capital Management, L.P. bought 17,917 shares of the firm’s stock in a transaction on Friday, July 5th. The stock was acquired at an average cost of $23.61 per share, for a total transaction of $423,020.37. Following the completion of the purchase, the insider now directly owns 2,753,013 shares in the company, valued at $64,998,636.93. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Large shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

  • On Wednesday, July 3rd, Saba Capital Management, L.P. acquired 5,430 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $23.58 per share, for a total transaction of $128,039.40.
  • On Monday, July 1st, Saba Capital Management, L.P. bought 26,730 shares of Adams Natural Resources Fund stock. The stock was bought at an average price of $23.59 per share, with a total value of $630,560.70.
  • On Friday, June 28th, Saba Capital Management, L.P. purchased 23,459 shares of Adams Natural Resources Fund stock. The shares were purchased at an average cost of $23.56 per share, for a total transaction of $552,694.04.
  • On Wednesday, June 26th, Saba Capital Management, L.P. acquired 12,850 shares of Adams Natural Resources Fund stock. The shares were purchased at an average price of $23.35 per share, with a total value of $300,047.50.
  • On Monday, June 24th, Saba Capital Management, L.P. purchased 12,081 shares of Adams Natural Resources Fund stock. The stock was purchased at an average cost of $23.22 per share, with a total value of $280,520.82.
  • On Monday, June 17th, Saba Capital Management, L.P. purchased 30,234 shares of Adams Natural Resources Fund stock. The shares were purchased at an average cost of $22.79 per share, for a total transaction of $689,032.86.
  • On Friday, June 14th, Saba Capital Management, L.P. acquired 18,639 shares of Adams Natural Resources Fund stock. The stock was acquired at an average price of $22.74 per share, with a total value of $423,850.86.

Adams Natural Resources Fund Stock Down 0.1 %

Shares of Adams Natural Resources Fund stock opened at $23.10 on Thursday. Adams Natural Resources Fund, Inc. has a 52 week low of $19.78 and a 52 week high of $24.25. The business’s fifty day simple moving average is $23.24 and its 200-day simple moving average is $22.30.

Adams Natural Resources Fund Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, May 31st. Shareholders of record on Friday, May 17th were given a $0.10 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.40 dividend on an annualized basis and a yield of 1.73%.

Institutional Investors Weigh In On Adams Natural Resources Fund

A number of institutional investors have recently made changes to their positions in PEO. Cornerstone Advisors LLC raised its position in Adams Natural Resources Fund by 2.4% in the fourth quarter. Cornerstone Advisors LLC now owns 482,767 shares of the financial services provider’s stock valued at $9,959,000 after purchasing an additional 11,207 shares during the period. Raymond James & Associates raised its holdings in shares of Adams Natural Resources Fund by 22.2% in the 4th quarter. Raymond James & Associates now owns 224,749 shares of the financial services provider’s stock valued at $4,637,000 after buying an additional 40,832 shares during the period. FCA Corp TX lifted its stake in Adams Natural Resources Fund by 5.4% during the 4th quarter. FCA Corp TX now owns 103,233 shares of the financial services provider’s stock worth $2,130,000 after acquiring an additional 5,251 shares in the last quarter. Nations Financial Group Inc. IA ADV increased its stake in Adams Natural Resources Fund by 2.1% during the 1st quarter. Nations Financial Group Inc. IA ADV now owns 59,107 shares of the financial services provider’s stock worth $1,363,000 after buying an additional 1,217 shares during the period. Finally, Quantedge Capital Pte Ltd lifted its holdings in Adams Natural Resources Fund by 31.8% during the 4th quarter. Quantedge Capital Pte Ltd now owns 57,826 shares of the financial services provider’s stock worth $1,193,000 after buying an additional 13,944 shares in the last quarter. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Adams Natural Resources Fund Company Profile

(Get Free Report)

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.

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Insider Buying and Selling by Quarter for Adams Natural Resources Fund (NYSE:PEO)

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