Adams Natural Resources Fund, Inc. (NYSE:PEO) Shares Sold by North Star Asset Management Inc.

North Star Asset Management Inc. lessened its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 7.5% in the second quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 121,285 shares of the financial services provider’s stock after selling 9,849 shares during the period. North Star Asset Management Inc. owned 0.48% of Adams Natural Resources Fund worth $2,864,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Blue Bell Private Wealth Management LLC increased its stake in shares of Adams Natural Resources Fund by 25.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 51,918 shares of the financial services provider’s stock valued at $1,226,000 after acquiring an additional 10,593 shares during the period. Searle & CO. purchased a new position in shares of Adams Natural Resources Fund in the second quarter worth approximately $201,000. Miracle Mile Advisors LLC acquired a new stake in shares of Adams Natural Resources Fund during the second quarter valued at approximately $338,000. Whitener Capital Management Inc. lifted its position in shares of Adams Natural Resources Fund by 3.8% in the 2nd quarter. Whitener Capital Management Inc. now owns 73,947 shares of the financial services provider’s stock valued at $1,746,000 after acquiring an additional 2,692 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new position in Adams Natural Resources Fund during the 2nd quarter worth approximately $203,000. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Stock Down 0.6 %

Shares of Adams Natural Resources Fund stock opened at $22.23 on Friday. Adams Natural Resources Fund, Inc. has a 12 month low of $19.78 and a 12 month high of $24.49. The business has a fifty day simple moving average of $23.33 and a 200-day simple moving average of $23.07.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 5th were paid a dividend of $0.54 per share. The ex-dividend date of this dividend was Monday, August 5th. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.72%.

Insider Activity

In other Adams Natural Resources Fund news, major shareholder Saba Capital Management, L.P. bought 30,234 shares of the firm’s stock in a transaction on Monday, June 17th. The stock was bought at an average cost of $22.79 per share, with a total value of $689,032.86. Following the completion of the transaction, the insider now directly owns 2,604,860 shares of the company’s stock, valued at approximately $59,364,759.40. The purchase was disclosed in a document filed with the SEC, which is available through this link. Insiders bought a total of 222,014 shares of company stock worth $5,187,276 in the last three months. 0.06% of the stock is owned by insiders.

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.