Adams Natural Resources Fund (NYSE:PEO) Sees Strong Trading Volume – Still a Buy?

Adams Natural Resources Fund, Inc. (NYSE:PEO) saw an uptick in trading volume on Thursday . 78,099 shares were traded during mid-day trading, a decline of 24% from the previous session’s volume of 102,844 shares.The stock last traded at $25.6910 and had previously closed at $25.87.

Adams Natural Resources Fund Trading Down 0.7%

The stock’s 50-day simple moving average is $26.53 and its 200-day simple moving average is $24.57.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Investors of record on Monday, April 27th were given a dividend of $0.52 per share. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a dividend yield of 8.2%. The ex-dividend date was Monday, April 27th.

Institutional Trading of Adams Natural Resources Fund

Several large investors have recently bought and sold shares of the company. Bank of America Corp DE grew its holdings in shares of Adams Natural Resources Fund by 0.9% during the 1st quarter. Bank of America Corp DE now owns 124,273 shares of the financial services provider’s stock worth $3,455,000 after acquiring an additional 1,107 shares during the period. Sunbelt Securities Inc. bought a new stake in shares of Adams Natural Resources Fund during the first quarter valued at approximately $153,000. FCA Corp TX grew its stake in Adams Natural Resources Fund by 5.2% in the first quarter. FCA Corp TX now owns 118,306 shares of the financial services provider’s stock worth $3,289,000 after purchasing an additional 5,819 shares during the period. Cetera Investment Advisers raised its holdings in Adams Natural Resources Fund by 9.9% in the first quarter. Cetera Investment Advisers now owns 29,673 shares of the financial services provider’s stock worth $825,000 after purchasing an additional 2,663 shares in the last quarter. Finally, First Trust Advisors LP raised its holdings in Adams Natural Resources Fund by 8.7% in the first quarter. First Trust Advisors LP now owns 77,470 shares of the financial services provider’s stock worth $2,154,000 after purchasing an additional 6,175 shares in the last quarter. 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.