Adams Diversified Equity Fund Inc. Buys 102,254 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Adams Diversified Equity Fund Inc. increased its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,340,933 shares of the financial services provider’s stock after acquiring an additional 102,254 shares during the quarter. Adams Natural Resources Fund comprises 1.9% of Adams Diversified Equity Fund Inc.’s holdings, making the stock its 8th largest holding. Adams Diversified Equity Fund Inc. owned about 9.18% of Adams Natural Resources Fund worth $50,892,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEO. Raymond James Financial Inc. acquired a new position in shares of Adams Natural Resources Fund in the fourth quarter worth approximately $4,944,000. Pathstone Holdings LLC increased its holdings in Adams Natural Resources Fund by 149.9% in the third quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider’s stock worth $6,771,000 after purchasing an additional 174,866 shares in the last quarter. Capstone Investment Advisors LLC bought a new stake in Adams Natural Resources Fund in the third quarter worth approximately $1,247,000. Sprott Inc. increased its holdings in Adams Natural Resources Fund by 307.3% in the fourth quarter. Sprott Inc. now owns 52,487 shares of the financial services provider’s stock worth $1,141,000 after purchasing an additional 39,599 shares in the last quarter. Finally, Sanctuary Advisors LLC bought a new stake in Adams Natural Resources Fund in the third quarter worth approximately $590,000. 33.54% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Adams Natural Resources Fund news, VP Gregory W. Buckley bought 1,450 shares of the stock in a transaction on Wednesday, January 22nd. The stock was acquired at an average cost of $23.30 per share, for a total transaction of $33,785.00. Following the completion of the acquisition, the vice president now owns 17,604 shares in the company, valued at $410,173.20. This trade represents a 8.98 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 0.13% of the stock is currently owned by corporate insiders.

Adams Natural Resources Fund Trading Up 0.2 %

Shares of PEO stock opened at $22.74 on Friday. The stock has a 50 day simple moving average of $22.40 and a two-hundred day simple moving average of $22.86. Adams Natural Resources Fund, Inc. has a fifty-two week low of $20.78 and a fifty-two week high of $24.23.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a — dividend, which was paid on Wednesday, February 26th. Shareholders of record on Monday, January 27th were issued a $0.53 dividend. This is an increase from Adams Natural Resources Fund’s previous — dividend of $0.16. This represents a yield of 5.3%. The ex-dividend date was Monday, January 27th.

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.