Advisors Asset Management Inc. Buys Shares of 15,503 Adams Natural Resources Fund, Inc. (NYSE:PEO)

Advisors Asset Management Inc. purchased a new position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 15,503 shares of the financial services provider’s stock, valued at approximately $360,000. Advisors Asset Management Inc. owned about 0.06% of Adams Natural Resources Fund as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Pathstone Holdings LLC grew its holdings in 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 purchasing an additional 174,866 shares during the last quarter. Wolverine Asset Management LLC boosted its holdings in shares of 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 period. Whitener Capital Management Inc. grew its stake in Adams Natural Resources Fund by 0.7% in 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 during the last quarter. Adams Diversified Equity Fund Inc. raised its holdings in 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, Raymond James & Associates raised its holdings in Adams Natural Resources Fund by 3.7% in the 3rd quarter. Raymond James & Associates now owns 216,439 shares of the financial services provider’s stock worth $5,026,000 after acquiring an additional 7,727 shares during the period. Institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Stock Performance

PEO stock opened at $23.59 on Friday. The company has a 50-day moving average of $23.85 and a two-hundred day moving average of $23.42. Adams Natural Resources Fund, Inc. has a 52-week low of $19.78 and a 52-week high of $24.79.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Shareholders of record on Friday, November 22nd will be issued a $1.03 dividend. The ex-dividend date of this dividend is Friday, November 22nd. This represents a $4.12 dividend on an annualized basis and a yield of 17.47%. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.

Insiders Place Their Bets

In related news, major shareholder Saba Capital Management, L.P. purchased 13,785 shares of the firm’s stock in a transaction on Wednesday, September 4th. The shares were bought at an average cost of $22.76 per share, for a total transaction of $313,746.60. Following the transaction, the insider now directly owns 2,853,687 shares of the company’s stock, valued at approximately $64,949,916.12. This trade represents a 0.49 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders have acquired a total of 41,945 shares of company stock valued at $951,310 in the last three months. Company insiders own 0.06% of the company’s stock.

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.