Gregory W. Buckley Purchases 1,450 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) Stock

Adams Natural Resources Fund, Inc. (NYSE:PEOGet Free Report) VP Gregory W. Buckley purchased 1,450 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was acquired at an average price of $23.30 per share, for a total transaction of $33,785.00. Following the purchase, the vice president now owns 17,604 shares in the company, valued at approximately $410,173.20. The trade was a 8.98 % increase in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Adams Natural Resources Fund Price Performance

Shares of PEO stock traded up $0.16 on Thursday, hitting $23.22. 41,565 shares of the company’s stock were exchanged, compared to its average volume of 88,464. The company has a 50 day moving average of $22.76 and a 200 day moving average of $23.20. Adams Natural Resources Fund, Inc. has a 12 month low of $19.99 and a 12 month high of $24.79.

Adams Natural Resources Fund Increases Dividend

The business also recently announced a — dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Monday, January 27th will be issued a $0.53 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a dividend yield of 5.3%. This is a boost from Adams Natural Resources Fund’s previous — dividend of $0.16.

Institutional Investors Weigh In On Adams Natural Resources Fund

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Adams Diversified Equity Fund Inc. lifted its stake in Adams Natural Resources Fund by 2.4% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider’s stock valued at $51,982,000 after purchasing an additional 51,905 shares during the last quarter. Pathstone Holdings LLC increased its holdings in shares of Adams Natural Resources Fund by 149.9% during the third quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider’s stock worth $6,771,000 after buying an additional 174,866 shares in the last quarter. Raymond James & Associates lifted its stake in shares of Adams Natural Resources Fund by 3.7% in the 3rd quarter. Raymond James & Associates now owns 216,439 shares of the financial services provider’s stock valued at $5,026,000 after acquiring an additional 7,727 shares during the last quarter. Whitener Capital Management Inc. boosted its holdings in shares of Adams Natural Resources Fund by 0.7% during the 3rd quarter. Whitener Capital Management Inc. now owns 74,478 shares of the financial services provider’s stock valued at $1,729,000 after acquiring an additional 531 shares in the last quarter. Finally, Stifel Financial Corp boosted its holdings in shares of Adams Natural Resources Fund by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider’s stock valued at $1,724,000 after acquiring an additional 1,582 shares in the last quarter. 33.54% of the stock is owned by institutional investors.

Adams Natural Resources Fund Company Profile

(Get Free Report)

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.

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