Adams Natural Resources Fund (NYSE:PEO) Sets New 1-Year High – Should You Buy?

Adams Natural Resources Fund, Inc. (NYSE:PEO) shares hit a new 52-week high on Friday . The stock traded as high as $26.29 and last traded at $25.9450, with a volume of 7884 shares. The stock had previously closed at $25.87.

Adams Natural Resources Fund Stock Performance

The company has a 50 day simple moving average of $23.78 and a 200 day simple moving average of $22.30.

Adams Natural Resources Fund Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, February 25th. Shareholders of record on Monday, January 26th were issued a $0.49 dividend. This represents a $1.96 dividend on an annualized basis and a yield of 7.6%. The ex-dividend date was Monday, January 26th.

Institutional Trading of Adams Natural Resources Fund

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cullen Investment Group LTD. boosted its stake in Adams Natural Resources Fund by 1.7% during the 4th quarter. Cullen Investment Group LTD. now owns 27,399 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 454 shares during the last quarter. Comerica Bank grew its stake in Adams Natural Resources Fund by 38.1% in the first quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 513 shares in the last quarter. NewEdge Advisors LLC increased its holdings in Adams Natural Resources Fund by 4.7% in the second quarter. NewEdge Advisors LLC now owns 12,600 shares of the financial services provider’s stock valued at $269,000 after buying an additional 567 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in Adams Natural Resources Fund by 1.0% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 60,628 shares of the financial services provider’s stock valued at $1,334,000 after buying an additional 608 shares in the last quarter. Finally, Kovack Advisors Inc. lifted its holdings in Adams Natural Resources Fund by 2.5% during the 2nd quarter. Kovack Advisors Inc. now owns 25,458 shares of the financial services provider’s stock worth $544,000 after buying an additional 616 shares during the last quarter. Institutional investors own 33.54% of the company’s stock.

About Adams Natural Resources Fund

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.