Insider Buying: Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Acquires 1,070 Shares of Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Gregory W. Buckley purchased 1,070 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were acquired at an average price of $23.06 per share, for a total transaction of $24,674.20. Following the purchase, the vice president now directly owns 14,053 shares of the company’s stock, valued at $324,062.18. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Adams Natural Resources Fund Stock Down 0.0 %

NYSE:PEO opened at $23.07 on Friday. The company has a 50-day moving average of $22.83 and a 200-day moving average of $21.57. Adams Natural Resources Fund, Inc. has a 52 week low of $19.22 and a 52 week high of $24.25.

Adams Natural Resources Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Shareholders of record on Friday, May 17th will be issued a dividend of $0.10 per share. This represents a $0.40 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date of this dividend is Thursday, May 16th.

Hedge Funds Weigh In On Adams Natural Resources Fund

A number of hedge funds have recently modified their holdings of the stock. Commonwealth Equity Services LLC grew its position in Adams Natural Resources Fund by 1.5% in the third quarter. Commonwealth Equity Services LLC now owns 47,862 shares of the financial services provider’s stock valued at $1,107,000 after acquiring an additional 714 shares during the period. Raymond James & Associates boosted its stake in shares of Adams Natural Resources Fund by 6.7% in the 3rd quarter. Raymond James & Associates now owns 183,917 shares of the financial services provider’s stock valued at $4,252,000 after purchasing an additional 11,552 shares in the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in shares of Adams Natural Resources Fund by 13.5% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 14,515 shares of the financial services provider’s stock worth $336,000 after purchasing an additional 1,731 shares during the last quarter. Whitener Capital Management Inc. increased its position in shares of Adams Natural Resources Fund by 2.2% during the 3rd quarter. Whitener Capital Management Inc. now owns 69,034 shares of the financial services provider’s stock worth $1,596,000 after purchasing an additional 1,507 shares in the last quarter. Finally, FCA Corp TX boosted its position in Adams Natural Resources Fund by 3.7% in the third quarter. FCA Corp TX now owns 97,982 shares of the financial services provider’s stock valued at $2,265,000 after buying an additional 3,464 shares in the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

Adams Natural Resources Fund Company Profile

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.