Adams Natural Resources Fund (NYSE:PEO) Share Price Crosses Below 200 Day Moving Average – What’s Next?

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.23 and traded as low as $21.27. Adams Natural Resources Fund shares last traded at $21.74, with a volume of 53,830 shares.

Adams Natural Resources Fund Trading Up 1.2 %

The firm has a fifty day simple moving average of $23.02 and a 200-day simple moving average of $23.23.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Shareholders of record on Friday, November 22nd were given a dividend of $1.03 per share. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $4.12 annualized dividend and a yield of 18.55%.

Institutional Inflows and Outflows

A number of institutional investors have recently bought and sold shares of the business. Stifel Financial Corp raised its stake in shares of Adams Natural Resources Fund by 2.2% during the third quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 1,582 shares during the last quarter. Wolverine Asset Management LLC raised its position in Adams Natural Resources Fund by 1,206.2% during the 3rd quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider’s stock worth $559,000 after buying an additional 22,242 shares during the last quarter. Pathstone Holdings LLC raised its position in Adams Natural Resources Fund by 149.9% during the 3rd quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider’s stock worth $6,771,000 after buying an additional 174,866 shares during the last quarter. Adams Diversified Equity Fund Inc. lifted its stake in shares of Adams Natural Resources Fund by 2.4% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider’s stock worth $51,982,000 after acquiring an additional 51,905 shares during the period. Finally, Capstone Investment Advisors LLC purchased a new stake in shares of Adams Natural Resources Fund in the third quarter valued at about $1,247,000. 33.54% of the stock is currently owned by institutional investors and hedge funds.

About Adams Natural Resources Fund

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.