Adams Natural Resources Fund (NYSE:PEO) Shares Pass Below 50-Day Moving Average – Time to Sell?

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of $25.97 and traded as low as $24.24. Adams Natural Resources Fund shares last traded at $24.4410, with a volume of 95,698 shares traded.

Adams Natural Resources Fund Stock Down 1.3%

The company has a fifty day simple moving average of $25.97 and a two-hundred day simple moving average of $25.07.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, May 27th. Stockholders of record on Monday, April 27th were given a $0.52 dividend. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.49. This represents a $2.08 dividend on an annualized basis and a dividend yield of 8.5%. The ex-dividend date of this dividend was Monday, April 27th.

Institutional Investors Weigh In On Adams Natural Resources Fund

Large investors have recently modified their holdings of the stock. Lazard Asset Management LLC lifted its holdings in Adams Natural Resources Fund by 23.4% in the third quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider’s stock worth $10,977,000 after acquiring an additional 96,622 shares during the last quarter. Pathstone Holdings LLC grew its holdings in shares of Adams Natural Resources Fund by 28.2% during the third quarter. Pathstone Holdings LLC now owns 264,520 shares of the financial services provider’s stock valued at $5,692,000 after purchasing an additional 58,231 shares during the last quarter. Adams Diversified Equity Fund Inc. grew its holdings in shares of Adams Natural Resources Fund by 2.3% during the fourth quarter. Adams Diversified Equity Fund Inc. now owns 2,572,684 shares of the financial services provider’s stock valued at $55,930,000 after purchasing an additional 56,682 shares during the last quarter. Jones Financial Companies Lllp raised its position in shares of Adams Natural Resources Fund by 843.9% during the 1st quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 38,374 shares during the period. Finally, Calamos Advisors LLC bought a new stake in shares of Adams Natural Resources Fund in the 1st quarter worth approximately $838,000. 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 closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.