Adams Natural Resources Fund (NYSE:PEO) Stock: Insider Jane Musser Nelson Purchases 1,010 Shares

Adams Natural Resources Fund, Inc. (NYSE:PEO) Director Jane Musser Nelson bought 1,010 shares of the firm’s stock in a transaction that occurred on Wednesday, October 28th. The shares were purchased at an average cost of $29.93 per share, for a total transaction of $30,229.30. Following the purchase, the director owned 4,135 shares in the company, valued at $123,760.55. This represents a 32.32% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Adams Natural Resources Fund Stock Performance

Shares of Adams Natural Resources Fund stock opened at $30.46 on Friday. The business has a 50-day moving average of $28.94 and a 200 day moving average of $26.75. Adams Natural Resources Fund, Inc. has a 12 month low of $21.00 and a 12 month high of $32.52.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the business. Adams Diversified Equity Fund Inc. increased its position 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 acquiring an additional 51,949 shares during the period. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Adams Natural Resources Fund in the second quarter valued at $16,153,000. Bank of New York Mellon Corp acquired a new stake in shares of Adams Natural Resources Fund in the second quarter valued at $14,657,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC purchased a new position in Adams Natural Resources Fund in the second quarter valued at $8,515,000. Finally, Bank of America Corp DE boosted its holdings in Adams Natural Resources Fund by 0.9% in the first quarter. Bank of America Corp DE now owns 124,273 shares of the financial services provider’s stock valued at $3,455,000 after purchasing an additional 1,107 shares during the period. Hedge funds and other institutional investors own 33.54% of the company’s stock.

About Adams Natural Resources Fund

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.