Adams Natural Resources Fund (NYSE:PEO) Reaches New 12-Month High – Here’s Why

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) hit a new 52-week high during mid-day trading on Friday. The stock traded as high as $32.52 and last traded at $30.42, with a volume of 10,229 shares trading hands. The stock had previously closed at $29.97.

Adams Natural Resources Fund Stock Up 1.4%

The business has a 50 day moving average price of $28.89 and a 200 day moving average price of $26.71.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PEO. Blue Bell Private Wealth Management LLC boosted its stake in shares of Adams Natural Resources Fund by 1.5% in the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 117,091 shares of the financial services provider’s stock valued at $3,224,000 after buying an additional 1,700 shares during the period. Adams Diversified Equity Fund Inc. grew its stake in shares of Adams Natural Resources Fund by 1.9% during the third quarter. Adams Diversified Equity Fund Inc. now owns 2,725,402 shares of the financial services provider’s stock worth $75,030,000 after purchasing an additional 51,949 shares in the last quarter. Uncommon Cents Investing Inc increased its holdings in Adams Natural Resources Fund by 1.0% in the third quarter. Uncommon Cents Investing Inc now owns 62,064 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 595 shares during the last quarter. Whitener Capital Management Inc. lifted its position in shares of Adams Natural Resources Fund by 2.1% during the 3rd quarter. Whitener Capital Management Inc. now owns 92,542 shares of the financial services provider’s stock worth $2,548,000 after buying an additional 1,926 shares during the last quarter. Finally, Community Financial Services Group LLC lifted its holdings in shares of Adams Natural Resources Fund by 175.0% in the 3rd quarter. Community Financial Services Group LLC now owns 1,100 shares of the financial services provider’s stock valued at $30,000 after purchasing an additional 700 shares during the last quarter. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund (NYSE: PEO) is a diversified closed-end investment company focused on the energy and natural resources sectors. The fund seeks long-term capital appreciation and income by investing primarily in publicly traded companies involved in the exploration, production, processing, transportation and distribution of energy and other natural resources.

Its portfolio may include companies engaged in oil and natural gas, renewable and alternative energy, mining, metals, chemicals, utilities, equipment manufacturing and related services.