Adams Natural Resources Fund (NYSE:PEO) Sees Strong Trading Volume – Here’s What Happened

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) saw an uptick in trading volume on Monday . 78,920 shares were traded during trading, an increase of 57% from the previous session’s volume of 50,207 shares.The stock last traded at $22.98 and had previously closed at $22.39.

Adams Natural Resources Fund Trading Up 1.2 %

The business has a 50-day simple moving average of $22.85 and a two-hundred day simple moving average of $23.19.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 22nd were paid a $1.03 dividend. This represents a $4.12 dividend on an annualized basis and a yield of 17.49%. The ex-dividend date was Friday, November 22nd. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.

Hedge Funds Weigh In On Adams Natural Resources Fund

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. lifted its stake in shares of Adams Natural Resources Fund by 1.9% during the 4th quarter. Cullen Investment Group LTD. now owns 28,786 shares of the financial services provider’s stock worth $626,000 after buying an additional 546 shares during the last quarter. City State Bank bought a new position in Adams Natural Resources Fund in the 4th quarter valued at about $25,000. Sanctuary Advisors LLC bought a new position in Adams Natural Resources Fund in the 3rd quarter valued at about $590,000. Stifel Financial Corp lifted its position in Adams Natural Resources Fund by 2.2% during the third quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider’s stock worth $1,724,000 after acquiring an additional 1,582 shares during the last quarter. Finally, Capstone Investment Advisors LLC bought a new stake in shares of Adams Natural Resources Fund during the third quarter worth approximately $1,247,000. 33.54% of the stock is owned by institutional investors.

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.