Adams Natural Resources Fund, Inc. Announces Quarterly Dividend of $0.49 (NYSE:PEO)

Adams Natural Resources Fund, Inc. (NYSE:PEO) declared a quarterly dividend on Thursday, November 13th. Shareholders of record on Friday, November 21st will be given a dividend of 0.49 per share by the financial services provider on Friday, December 19th. This represents a c) dividend on an annualized basis and a yield of 8.9%. The ex-dividend date is Friday, November 21st.

Adams Natural Resources Fund Trading Up 0.7%

Shares of PEO traded up $0.15 during midday trading on Friday, hitting $22.11. 15,245 shares of the company traded hands, compared to its average volume of 56,945. Adams Natural Resources Fund has a one year low of $18.34 and a one year high of $24.79. The stock has a 50-day moving average of $21.52 and a 200-day moving average of $21.27.

Institutional Investors Weigh In On Adams Natural Resources Fund

A number of institutional investors and hedge funds have recently made changes to their positions in PEO. Concurrent Investment Advisors LLC increased its stake in Adams Natural Resources Fund by 7.5% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 14,932 shares of the financial services provider’s stock worth $319,000 after acquiring an additional 1,042 shares during the last quarter. Advisors Asset Management Inc. increased its position in shares of Adams Natural Resources Fund by 56.9% in the first quarter. Advisors Asset Management Inc. now owns 38,623 shares of the financial services provider’s stock worth $881,000 after purchasing an additional 14,005 shares during the last quarter. Cetera Investment Advisers raised its stake in Adams Natural Resources Fund by 23.1% in the first quarter. Cetera Investment Advisers now owns 25,598 shares of the financial services provider’s stock valued at $584,000 after purchasing an additional 4,802 shares in the last quarter. Wealth Enhancement Advisory Services LLC increased its holdings in shares of Adams Natural Resources Fund by 4.0% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 62,146 shares of the financial services provider’s stock worth $1,360,000 after buying an additional 2,370 shares during the last quarter. Finally, Adams Diversified Equity Fund Inc. raised its position in shares of Adams Natural Resources Fund by 2.5% during the 2nd quarter. Adams Diversified Equity Fund Inc. now owns 2,456,181 shares of the financial services provider’s stock valued at $52,489,000 after buying an additional 59,934 shares in the last quarter. Hedge funds and other institutional investors own 33.54% 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.