Insider Buying: Adams Natural Resources Fund (NYSE:PEO) Director Purchases 1,010 Shares of Company Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) Director Jane Musser Nelson purchased 1,010 shares of the business’s stock in a transaction on Wednesday, October 28th. The shares were acquired at an average cost of $29.93 per share, with a total value of $30,229.30. Following the acquisition, the director directly owned 4,135 shares in the company, valued at approximately $123,760.55. The trade was a 32.32% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.

Adams Natural Resources Fund Price Performance

Shares of PEO traded up $0.42 during trading hours on Friday, hitting $30.39. The company had a trading volume of 54,688 shares, compared to its average volume of 82,612. The business has a fifty day moving average of $28.89 and a 200-day moving average of $26.71. Adams Natural Resources Fund, Inc. has a 12 month low of $21.00 and a 12 month high of $32.52.

Institutional Trading of Adams Natural Resources Fund

Several hedge funds have recently added to or reduced their stakes in the company. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in Adams Natural Resources Fund during the second quarter worth approximately $16,153,000. Bank of New York Mellon Corp bought a new position in shares of Adams Natural Resources Fund in the 2nd quarter valued at $14,657,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in Adams Natural Resources Fund in the second quarter valued at about $8,515,000. S&CO Inc. bought a new position in Adams Natural Resources Fund in the second quarter valued at about $2,743,000. Finally, Adams Diversified Equity Fund Inc. lifted its holdings in shares of Adams Natural Resources Fund by 1.9% in the third quarter. Adams Diversified Equity Fund Inc. now owns 2,725,402 shares of the financial services provider’s stock worth $75,030,000 after acquiring an additional 51,949 shares during the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

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.