Adams Natural Resources Fund (NYSE:PEO) Stock Price Crosses Above 50 Day Moving Average – Here’s Why

Adams Natural Resources Fund, Inc. (NYSE:PEO) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $26.46 and traded as high as $26.81. Adams Natural Resources Fund shares last traded at $26.5930, with a volume of 123,710 shares.

Adams Natural Resources Fund Trading Up 0.8%

The firm’s fifty day simple moving average is $26.46 and its 200 day simple moving average is $24.71.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, May 27th. Shareholders of record on Monday, April 27th were issued a dividend of $0.52 per share. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.49. The ex-dividend date was Monday, April 27th. This represents a $2.08 annualized dividend and a yield of 7.8%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Global Retirement Partners LLC acquired a new position in Adams Natural Resources Fund during the 4th quarter worth approximately $35,000. Comerica Bank boosted its holdings in shares of Adams Natural Resources Fund by 38.1% in the 1st quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock valued at $42,000 after buying an additional 513 shares in the last quarter. Advisory Services Network LLC acquired a new position in shares of Adams Natural Resources Fund in the 3rd quarter valued at $48,000. Fifth Third Bancorp boosted its holdings in shares of Adams Natural Resources Fund by 2,697.6% in the 1st quarter. Fifth Third Bancorp now owns 2,294 shares of the financial services provider’s stock valued at $64,000 after buying an additional 2,212 shares in the last quarter. Finally, PNC Financial Services Group Inc. boosted its holdings in shares of Adams Natural Resources Fund by 30.8% in the 1st quarter. PNC Financial Services Group Inc. now owns 2,550 shares of the financial services provider’s stock valued at $71,000 after buying an additional 600 shares in the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

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.