Adams Natural Resources Fund (NYSE:PEO) Stock Crosses Below 200-Day Moving Average – Time to Sell?

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of $23.23 and traded as low as $21.27. Adams Natural Resources Fund shares last traded at $21.74, with a volume of 53,830 shares changing hands.

Adams Natural Resources Fund Price Performance

The business has a 50-day simple moving average of $23.02 and a 200-day simple moving average of $23.23.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 22nd were issued a $1.03 dividend. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 18.55%. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. boosted its position in shares of Adams Natural Resources Fund by 241.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock worth $76,000 after acquiring an additional 2,283 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Adams Natural Resources Fund in the third quarter valued at approximately $360,000. Wolverine Asset Management LLC increased its stake in Adams Natural Resources Fund by 1,206.2% in the third quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider’s stock valued at $559,000 after purchasing an additional 22,242 shares during the last quarter. Sanctuary Advisors LLC acquired a new stake in Adams Natural Resources Fund during the third quarter worth approximately $590,000. Finally, Cullen Investment Group LTD. lifted its position in shares of Adams Natural Resources Fund by 2.1% during the 3rd quarter. Cullen Investment Group LTD. now owns 28,240 shares of the financial services provider’s stock worth $656,000 after buying an additional 580 shares during 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.