Sprott Inc. Purchases 39,599 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Sprott Inc. grew its position in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 307.3% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,487 shares of the financial services provider’s stock after purchasing an additional 39,599 shares during the quarter. Sprott Inc.’s holdings in Adams Natural Resources Fund were worth $1,141,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEO. Whitener Capital Management Inc. lifted its stake in shares of Adams Natural Resources Fund by 0.7% during the 3rd quarter. Whitener Capital Management Inc. now owns 74,478 shares of the financial services provider’s stock valued at $1,729,000 after buying an additional 531 shares in the last quarter. Cullen Investment Group LTD. lifted its position in shares of Adams Natural Resources Fund by 1.9% in the fourth quarter. Cullen Investment Group LTD. now owns 28,786 shares of the financial services provider’s stock valued at $626,000 after acquiring an additional 546 shares in the last quarter. D.A. Davidson & CO. lifted its position in shares of Adams Natural Resources Fund by 1.1% in the third quarter. D.A. Davidson & CO. now owns 64,107 shares of the financial services provider’s stock valued at $1,489,000 after acquiring an additional 715 shares in the last quarter. City State Bank bought a new position in shares of Adams Natural Resources Fund in the fourth quarter worth about $25,000. Finally, Sanctuary Advisors LLC grew its position in shares of Adams Natural Resources Fund by 6.4% during the fourth quarter. Sanctuary Advisors LLC now owns 26,266 shares of the financial services provider’s stock worth $585,000 after purchasing an additional 1,569 shares in the last quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Adams Natural Resources Fund

In related news, VP Gregory W. Buckley purchased 1,450 shares of Adams Natural Resources Fund stock in a transaction on Wednesday, January 22nd. The shares were bought at an average cost of $23.30 per share, for a total transaction of $33,785.00. Following the acquisition, the vice president now owns 17,604 shares in the company, valued at approximately $410,173.20. The trade was a 8.98 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Price Performance

NYSE PEO opened at $22.37 on Wednesday. Adams Natural Resources Fund, Inc. has a 12 month low of $20.90 and a 12 month high of $24.79. The stock’s 50 day moving average is $22.32 and its 200 day moving average is $22.99.

Adams Natural Resources Fund Increases Dividend

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

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.