Raymond James Financial Inc. Takes $4.94 Million Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Raymond James Financial Inc. acquired a new position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) in the fourth quarter, HoldingsChannel reports. The fund acquired 227,406 shares of the financial services provider’s stock, valued at approximately $4,944,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. City State Bank bought a new position in Adams Natural Resources Fund during the 4th quarter worth approximately $25,000. Jones Financial Companies Lllp raised its holdings in Adams Natural Resources Fund by 31.9% in the fourth quarter. Jones Financial Companies Lllp now owns 4,547 shares of the financial services provider’s stock worth $99,000 after purchasing an additional 1,100 shares during the period. Priebe Wealth Holdings LLC bought a new position in shares of Adams Natural Resources Fund during the fourth quarter worth $317,000. RFG Advisory LLC acquired a new position in shares of Adams Natural Resources Fund in the 4th quarter valued at $326,000. Finally, Advisors Asset Management Inc. bought a new stake in shares of Adams Natural Resources Fund in the 3rd quarter valued at $360,000. Institutional investors own 33.54% of the company’s stock.

Insider Activity

In other news, VP Gregory W. Buckley purchased 1,450 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were bought at an average cost of $23.30 per share, for a total transaction of $33,785.00. Following the completion of the acquisition, the vice president now directly owns 17,604 shares in the company, valued at approximately $410,173.20. This trade represents a 8.98 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.13% of the stock is currently owned by company insiders.

Adams Natural Resources Fund Stock Down 0.1 %

Shares of Adams Natural Resources Fund stock opened at $22.83 on Wednesday. Adams Natural Resources Fund, Inc. has a 12 month low of $20.78 and a 12 month high of $24.23. The stock’s fifty day simple moving average is $22.39 and its 200 day simple moving average is $22.86.

Adams Natural Resources Fund Increases Dividend

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

Adams Natural Resources Fund Company Profile

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.