HighTower Advisors LLC Sells 2,251 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

HighTower Advisors LLC cut its position in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 3.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 68,784 shares of the financial services provider’s stock after selling 2,251 shares during the quarter. HighTower Advisors LLC’s holdings in Adams Natural Resources Fund were worth $1,495,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in Adams Natural Resources Fund during the 4th quarter worth $4,944,000. Capstone Investment Advisors LLC acquired a new stake in Adams Natural Resources Fund during the 3rd quarter worth about $1,247,000. Sprott Inc. grew its stake in Adams Natural Resources Fund by 307.3% during the 4th quarter. Sprott Inc. now owns 52,487 shares of the financial services provider’s stock valued at $1,141,000 after purchasing an additional 39,599 shares during the last quarter. Sanctuary Advisors LLC acquired a new position in shares of Adams Natural Resources Fund in the third quarter valued at about $590,000. Finally, Advisors Asset Management Inc. acquired a new stake in Adams Natural Resources Fund during the 3rd quarter valued at approximately $360,000. 33.54% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Adams Natural Resources Fund

In other Adams Natural Resources Fund news, VP Gregory W. Buckley purchased 1,450 shares of the stock in a transaction on Wednesday, January 22nd. The shares were bought at an average price of $23.30 per share, for a total transaction of $33,785.00. Following the completion of the transaction, the vice president now owns 17,604 shares of the company’s stock, valued at $410,173.20. This trade represents a 8.98 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. 0.13% of the stock is owned by corporate insiders.

Adams Natural Resources Fund Stock Up 1.2 %

PEO stock opened at $22.82 on Tuesday. The firm’s fifty day simple moving average is $22.40 and its 200-day simple moving average is $22.86. Adams Natural Resources Fund, Inc. has a 12 month low of $20.78 and a 12 month high of $24.23.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a — dividend, which was paid on Wednesday, February 26th. Stockholders of record on Monday, January 27th were paid a dividend of $0.53 per share. This is a boost from Adams Natural Resources Fund’s previous — dividend of $0.16. The ex-dividend date was Monday, January 27th. This represents a dividend yield of 5.3%.

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.