Adams Natural Resources Fund, Inc. (NYSE:PEO) Major Shareholder Buys $630,560.70 in Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) major shareholder Saba Capital Management, L.P. purchased 26,730 shares of the firm’s stock in a transaction dated Monday, July 1st. The stock was acquired at an average price of $23.59 per share, with a total value of $630,560.70. Following the purchase, the insider now directly owns 2,725,297 shares of the company’s stock, valued at $64,289,756.23. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Major shareholders that own at least 10% of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, June 28th, Saba Capital Management, L.P. bought 23,459 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $23.56 per share, for a total transaction of $552,694.04.
• On Wednesday, June 26th, Saba Capital Management, L.P. acquired 12,850 shares of Adams Natural Resources Fund stock. The shares were bought at an average cost of $23.35 per share, with a total value of $300,047.50.
• On Monday, June 24th, Saba Capital Management, L.P. bought 12,081 shares of Adams Natural Resources Fund stock. The stock was bought at an average cost of $23.22 per share, with a total value of $280,520.82.
• On Monday, June 17th, Saba Capital Management, L.P. purchased 30,234 shares of Adams Natural Resources Fund stock. The shares were acquired at an average price of $22.79 per share, for a total transaction of $689,032.86.
• On Friday, June 14th, Saba Capital Management, L.P. acquired 18,639 shares of Adams Natural Resources Fund stock. The shares were bought at an average cost of $22.74 per share, for a total transaction of $423,850.86.

Adams Natural Resources Fund Price Performance

NYSE PEO traded down $0.13 on Tuesday, reaching $23.39. 37,121 shares of the stock were exchanged, compared to its average volume of 36,908. Adams Natural Resources Fund, Inc. has a one year low of $19.78 and a one year high of $24.25. The company’s 50-day simple moving average is $23.25 and its two-hundred day simple moving average is $22.19.

Adams Natural Resources Fund Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were given a $0.10 dividend. The ex-dividend date was Thursday, May 16th. This represents a $0.40 annualized dividend and a dividend yield of 1.71%.

Institutional Trading of Adams Natural Resources Fund

Several institutional investors have recently made changes to their positions in the business. Zazove Associates LLC purchased a new stake in Adams Natural Resources Fund during the 4th quarter valued at approximately $37,000. Venturi Wealth Management LLC increased its holdings in Adams Natural Resources Fund by 199.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,499 shares of the financial services provider’s stock valued at $52,000 after acquiring an additional 1,665 shares during the last quarter. Vantage Financial Partners LLC bought a new position in shares of Adams Natural Resources Fund during the 1st quarter valued at about $201,000. Flow State Investments L.P. bought a new position in shares of Adams Natural Resources Fund during the 4th quarter valued at about $304,000. Finally, Alta Capital Management LLC bought a new stake in shares of Adams Natural Resources Fund in the fourth quarter worth about $413,000. Hedge funds and other institutional investors own 33.54% of the company’s stock.

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.