Adams Natural Resources Fund (NYSE:PEO) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s stock price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $26.61 and traded as high as $27.05. Adams Natural Resources Fund shares last traded at $26.4560, with a volume of 49,789 shares trading hands.

Adams Natural Resources Fund Stock Performance

The stock has a 50 day moving average price of $26.61 and a 200-day moving average price of $24.40.

Adams Natural Resources Fund Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, April 27th will be paid a dividend of $0.52 per share. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.9%. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.49. The ex-dividend date of this dividend is Monday, April 27th.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of PEO. Lazard Asset Management LLC grew its stake in shares of Adams Natural Resources Fund by 23.4% during the third quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider’s stock valued at $10,977,000 after buying an additional 96,622 shares during the last quarter. Penserra Capital Management LLC boosted its holdings in shares of Adams Natural Resources Fund by 28.4% during the third quarter. Penserra Capital Management LLC now owns 272,359 shares of the financial services provider’s stock worth $5,861,000 after purchasing an additional 60,228 shares during the period. Pathstone Holdings LLC boosted its holdings in shares of Adams Natural Resources Fund by 28.2% during the third quarter. Pathstone Holdings LLC now owns 264,520 shares of the financial services provider’s stock worth $5,692,000 after purchasing an additional 58,231 shares during the period. Adams Diversified Equity Fund Inc. boosted its holdings in shares of Adams Natural Resources Fund by 2.3% during the fourth quarter. Adams Diversified Equity Fund Inc. now owns 2,572,684 shares of the financial services provider’s stock worth $55,930,000 after purchasing an additional 56,682 shares during the period. Finally, Jones Financial Companies Lllp boosted its holdings in shares of Adams Natural Resources Fund by 843.9% during the first quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 38,374 shares during the period. 33.54% of the stock is owned by institutional investors.

About Adams Natural Resources Fund

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.