Adams Natural Resources Fund, Inc. (NYSE:PEO) Major Shareholder Saba Capital Management, L.P. Acquires 10,476 Shares

Adams Natural Resources Fund, Inc. (NYSE:PEO) major shareholder Saba Capital Management, L.P. purchased 10,476 shares of the firm’s stock in a transaction that occurred on Tuesday, September 10th. The stock was acquired at an average price of $22.19 per share, with a total value of $232,462.44. Following the completion of the purchase, the insider now owns 2,864,659 shares in the company, valued at $63,566,783.21. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, September 6th, Saba Capital Management, L.P. acquired 170 shares of Adams Natural Resources Fund stock. The stock was acquired at an average price of $22.21 per share, for a total transaction of $3,775.70.
• On Wednesday, September 4th, Saba Capital Management, L.P. bought 13,785 shares of Adams Natural Resources Fund stock. The shares were acquired at an average price of $22.76 per share, with a total value of $313,746.60.
• On Wednesday, August 28th, Saba Capital Management, L.P. acquired 100 shares of Adams Natural Resources Fund stock. The shares were bought at an average cost of $22.98 per share, with a total value of $2,298.00.
• On Thursday, August 22nd, Saba Capital Management, L.P. bought 11,058 shares of Adams Natural Resources Fund stock. The stock was bought at an average cost of $22.70 per share, for a total transaction of $251,016.60.
• On Thursday, August 1st, Saba Capital Management, L.P. purchased 9,863 shares of Adams Natural Resources Fund stock. The shares were bought at an average price of $24.14 per share, with a total value of $238,092.82.
• On Monday, July 22nd, Saba Capital Management, L.P. purchased 7,549 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $23.85 per share, for a total transaction of $180,043.65.
• On Thursday, July 18th, Saba Capital Management, L.P. acquired 12,948 shares of Adams Natural Resources Fund stock. The shares were purchased at an average price of $24.29 per share, with a total value of $314,506.92.
• On Tuesday, July 16th, Saba Capital Management, L.P. bought 7,674 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $23.93 per share, for a total transaction of $183,638.82.
• On Friday, July 12th, Saba Capital Management, L.P. purchased 11,697 shares of Adams Natural Resources Fund stock. The shares were purchased at an average cost of $23.61 per share, with a total value of $276,166.17.
• On Friday, July 5th, Saba Capital Management, L.P. acquired 17,917 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $23.61 per share, with a total value of $423,020.37.

Adams Natural Resources Fund Trading Up 0.8 %

Shares of PEO opened at $22.20 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’s fifty day simple moving average is $23.21 and its two-hundred day simple moving average is $23.09.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Monday, August 5th were given a dividend of $0.54 per share. The ex-dividend date was Monday, August 5th. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $2.16 annualized dividend and a dividend yield of 9.73%.

Hedge Funds Weigh In On Adams Natural Resources Fund

A number of hedge funds have recently bought and sold shares of PEO. Cornerstone Advisors LLC boosted its holdings in shares of Adams Natural Resources Fund by 2.4% during the 4th quarter. Cornerstone Advisors LLC now owns 482,767 shares of the financial services provider’s stock valued at $9,959,000 after acquiring an additional 11,207 shares during the last quarter. FCA Corp TX boosted its holdings in Adams Natural Resources Fund by 5.4% in the fourth quarter. FCA Corp TX now owns 103,233 shares of the financial services provider’s stock worth $2,130,000 after purchasing an additional 5,251 shares during the last quarter. Whitener Capital Management Inc. grew its position in 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 worth $1,746,000 after purchasing an additional 2,692 shares during the period. Quantedge Capital Pte Ltd raised its stake in Adams Natural Resources Fund by 31.8% during the 4th quarter. Quantedge Capital Pte Ltd now owns 57,826 shares of the financial services provider’s stock valued at $1,193,000 after buying an additional 13,944 shares during the last quarter. Finally, D.A. Davidson & CO. lifted its holdings in shares of Adams Natural Resources Fund by 7.9% during the 4th quarter. D.A. Davidson & CO. now owns 54,565 shares of the financial services provider’s stock valued at $1,126,000 after buying an additional 3,983 shares during the period. Hedge funds and other institutional investors own 33.54% of the company’s stock.

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.