Adams Natural Resources Fund (NYSE:PEO) Sets New 52-Week High – Still a Buy?

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) reached a new 52-week high during trading on Thursday. The stock traded as high as $30.31 and last traded at $30.1550, with a volume of 54,528 shares changing hands. The stock had previously closed at $30.14.

Adams Natural Resources Fund Stock Performance

The stock’s 50 day moving average price is $28.66 and its two-hundred day moving average price is $26.98.

Institutional Investors Weigh In On Adams Natural Resources Fund

A number of large investors have recently bought and sold shares of PEO. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Adams Natural Resources Fund during the 2nd quarter valued at $16,153,000. Bank of New York Mellon Corp acquired a new position in shares of Adams Natural Resources Fund in the second quarter worth $14,657,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new position in shares of Adams Natural Resources Fund in the second quarter worth $8,515,000. S&CO Inc. acquired a new position in shares of Adams Natural Resources Fund in the second quarter worth $2,743,000. Finally, Adams Diversified Equity Fund Inc. lifted its position in shares of Adams Natural Resources Fund by 1.9% in the first quarter. Adams Diversified Equity Fund Inc. now owns 2,621,907 shares of the financial services provider’s stock valued at $72,889,000 after acquiring an additional 49,223 shares in the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund (NYSE: PEO) is a diversified closed-end investment company focused on the energy and natural resources sectors. The fund seeks long-term capital appreciation and income by investing primarily in publicly traded companies involved in the exploration, production, processing, transportation and distribution of energy and other natural resources.

Its portfolio may include companies engaged in oil and natural gas, renewable and alternative energy, mining, metals, chemicals, utilities, equipment manufacturing and related services.