Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Buys $33,785.00 in Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Gregory W. Buckley bought 1,450 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were bought at an average price of $23.30 per share, for a total transaction of $33,785.00. Following the completion of the acquisition, the vice president now owns 17,604 shares in the company, valued at approximately $410,173.20. This trade represents a 8.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Adams Natural Resources Fund Stock Up 0.3 %

Shares of NYSE:PEO opened at $23.15 on Friday. The company has a 50 day moving average of $22.71 and a two-hundred day moving average of $23.19. Adams Natural Resources Fund, Inc. has a 52-week low of $20.21 and a 52-week high of $24.79.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, January 27th will be paid a dividend of $0.53 per share. This is an increase from Adams Natural Resources Fund’s previous — dividend of $0.16. The ex-dividend date is Monday, January 27th. This represents a yield of 5.3%.

Hedge Funds Weigh In On Adams Natural Resources Fund

A number of institutional investors have recently added to or reduced their stakes in PEO. Pathstone Holdings LLC grew its stake in shares of Adams Natural Resources Fund by 149.9% during the third quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider’s stock valued at $6,771,000 after acquiring an additional 174,866 shares in the last quarter. Capstone Investment Advisors LLC purchased a new position in Adams Natural Resources Fund in the third quarter valued at about $1,247,000. Adams Diversified Equity Fund Inc. increased its holdings in Adams Natural Resources Fund by 2.4% during 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 purchasing an additional 51,905 shares during the last quarter. Sanctuary Advisors LLC purchased a new stake in Adams Natural Resources Fund during the 3rd quarter worth approximately $590,000. Finally, Wolverine Asset Management LLC raised its position in shares of Adams Natural Resources Fund by 1,206.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 22,242 shares in the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

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.