Adams Natural Resources Fund (NYSE:PEO) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $25.97 and traded as low as $24.24. Adams Natural Resources Fund shares last traded at $24.4410, with a volume of 95,698 shares trading hands.

Adams Natural Resources Fund Stock Performance

The company has a fifty day moving average price of $25.91 and a two-hundred day moving average price of $25.09.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, April 27th were given a $0.52 dividend. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, April 27th. This represents a $2.08 annualized dividend and a yield of 8.4%.

Hedge Funds Weigh In On Adams Natural Resources Fund

A number of hedge funds have recently modified their holdings of PEO. Saba Capital Management L.P. increased its holdings in Adams Natural Resources Fund by 0.4% in the fourth quarter. Saba Capital Management L.P. now owns 2,698,250 shares of the financial services provider’s stock valued at $58,660,000 after purchasing an additional 10,926 shares during the period. Adams Diversified Equity Fund Inc. grew its position in shares of Adams Natural Resources Fund by 1.9% in the 1st quarter. Adams Diversified Equity Fund Inc. now owns 2,621,907 shares of the financial services provider’s stock valued at $72,889,000 after buying an additional 49,223 shares during the last quarter. Lazard Asset Management LLC grew its position in shares of Adams Natural Resources Fund by 23.4% in the 3rd quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider’s stock valued at $10,977,000 after buying an additional 96,622 shares during the last quarter. Pathstone Holdings LLC increased its stake in shares of Adams Natural Resources Fund by 28.2% in the third quarter. Pathstone Holdings LLC now owns 264,520 shares of the financial services provider’s stock valued at $5,692,000 after buying an additional 58,231 shares during the period. Finally, Intrepid Family Office LLC increased its stake in shares of Adams Natural Resources Fund by 2.3% in the fourth quarter. Intrepid Family Office LLC now owns 153,379 shares of the financial services provider’s stock valued at $3,334,000 after buying an additional 3,379 shares during the period. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

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.