Adams Natural Resources Fund, Inc. (NYSE:PEO) to Issue $0.10 Quarterly Dividend

Adams Natural Resources Fund, Inc. (NYSE:PEO) declared a quarterly dividend on Thursday, April 18th, NASDAQ reports. Investors of record on Friday, May 17th will be given a dividend of 0.10 per share by the financial services provider on Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, May 16th.

Adams Natural Resources Fund has raised its dividend payment by an average of 14.2% annually over the last three years.

Adams Natural Resources Fund Trading Up 1.0 %

NYSE:PEO opened at $23.37 on Friday. Adams Natural Resources Fund has a 52-week low of $19.22 and a 52-week high of $24.25. The stock has a 50-day simple moving average of $22.36 and a 200 day simple moving average of $21.49.

Insider Buying and Selling

In other news, VP Gregory W. Buckley acquired 3,350 shares of the firm’s stock in a transaction that occurred on Monday, January 29th. The stock was acquired at an average cost of $20.50 per share, for a total transaction of $68,675.00. Following the completion of the acquisition, the vice president now owns 12,936 shares in the company, valued at $265,188. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.06% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PEO. Buckingham Strategic Wealth LLC bought a new position in Adams Natural Resources Fund in the fourth quarter valued at approximately $310,000. Kestra Advisory Services LLC grew its stake in Adams Natural Resources Fund by 46.7% in the fourth quarter. Kestra Advisory Services LLC now owns 35,814 shares of the financial services provider’s stock valued at $739,000 after purchasing an additional 11,408 shares in the last quarter. Stifel Financial Corp grew its stake in Adams Natural Resources Fund by 3.1% in the fourth quarter. Stifel Financial Corp now owns 67,552 shares of the financial services provider’s stock valued at $1,394,000 after purchasing an additional 2,020 shares in the last quarter. Cambridge Investment Research Advisors Inc. grew its stake in Adams Natural Resources Fund by 19.4% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 26,454 shares of the financial services provider’s stock valued at $546,000 after purchasing an additional 4,295 shares in the last quarter. Finally, UBS Group AG grew its stake in Adams Natural Resources Fund by 39.5% in the fourth quarter. UBS Group AG now owns 44,721 shares of the financial services provider’s stock valued at $923,000 after purchasing an additional 12,660 shares in the last quarter. 33.54% of the stock is currently owned by institutional investors.

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.