Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO – Get Free Report) reached a new 52-week high on Wednesday . The stock traded as high as $24.44 and last traded at $24.44, with a volume of 5109 shares traded. The stock had previously closed at $24.24.
Adams Natural Resources Fund Trading Up 0.9 %
The business’s fifty day simple moving average is $23.38 and its two-hundred day simple moving average is $22.61.
Adams Natural Resources Fund Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Monday, August 5th will be paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 8.83%. The ex-dividend date is Monday, August 5th. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.
Insider Activity at Adams Natural Resources Fund
Hedge Funds Weigh In On Adams Natural Resources Fund
Several hedge funds and other institutional investors have recently bought and sold shares of PEO. Searle & CO. purchased a new position in shares of Adams Natural Resources Fund in the second quarter valued at $201,000. Miracle Mile Advisors LLC acquired a new stake in shares of Adams Natural Resources Fund in the second quarter valued at approximately $338,000. Whitener Capital Management Inc. raised its position in shares of Adams Natural Resources Fund by 3.8% during the 2nd quarter. Whitener Capital Management Inc. now owns 73,947 shares of the financial services provider’s stock worth $1,746,000 after purchasing an additional 2,692 shares during the last quarter. Simplicity Wealth LLC purchased a new stake in Adams Natural Resources Fund in the 2nd quarter valued at approximately $203,000. Finally, Vantage Financial Partners LLC acquired a new stake in Adams Natural Resources Fund during the 1st quarter valued at $201,000. 33.54% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than Adams Natural Resources Fund
- Quiet Period Expirations Explained
- Joby Aviation Stock: The Case for Upside Just Got Stronger
- 3 Best Fintech Stocks for a Portfolio Boost
- Conviction Firms for Microsoft’s Double-Digit Stock Upside
- How to Use Stock Screeners to Find Stocks
- 5 Aggressive Growth Stocks for Long-Term Investors
Receive News & Ratings for Adams Natural Resources Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Natural Resources Fund and related companies with MarketBeat.com's FREE daily email newsletter.