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

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s stock price 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 traded.

Adams Natural Resources Fund Stock Performance

The stock’s 50 day moving average is $26.46 and its two-hundred day moving average is $24.71.

Adams Natural Resources Fund Increases Dividend

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

Hedge Funds Weigh In On Adams Natural Resources Fund

A number of large investors have recently bought and sold shares of PEO. Lazard Asset Management LLC raised its position in Adams Natural Resources Fund by 23.4% during the 3rd quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider’s stock worth $10,977,000 after buying an additional 96,622 shares during the last quarter. Penserra Capital Management LLC raised its position in Adams Natural Resources Fund by 28.4% during the 3rd quarter. Penserra Capital Management LLC now owns 272,359 shares of the financial services provider’s stock worth $5,861,000 after buying an additional 60,228 shares during the last quarter. Pathstone Holdings LLC raised its position in Adams Natural Resources Fund by 28.2% during the 3rd quarter. Pathstone Holdings LLC now owns 264,520 shares of the financial services provider’s stock worth $5,692,000 after buying an additional 58,231 shares during the last quarter. Adams Diversified Equity Fund Inc. raised its position in Adams Natural Resources Fund by 2.3% during the 4th quarter. Adams Diversified Equity Fund Inc. now owns 2,572,684 shares of the financial services provider’s stock worth $55,930,000 after buying an additional 56,682 shares during the last quarter. Finally, Jones Financial Companies Lllp raised its position in Adams Natural Resources Fund by 843.9% during the 1st quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock worth $979,000 after buying an additional 38,374 shares during the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

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.