Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Buys $24,674.20 in Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Gregory W. Buckley acquired 1,070 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were bought at an average cost of $23.06 per share, for a total transaction of $24,674.20. Following the acquisition, the vice president now owns 14,053 shares of the company’s stock, valued at approximately $324,062.18. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Adams Natural Resources Fund Price Performance

Shares of PEO stock traded up $0.21 during midday trading on Thursday, reaching $23.08. 35,838 shares of the company traded hands, compared to its average volume of 34,664. The firm’s 50 day simple moving average is $22.76 and its two-hundred day simple moving average is $21.56. Adams Natural Resources Fund, Inc. has a 1-year low of $19.22 and a 1-year high of $24.25.

Adams Natural Resources Fund Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Friday, May 17th will be issued a dividend of $0.10 per share. The ex-dividend date is Thursday, May 16th. This represents a $0.40 annualized dividend and a yield of 1.73%.

Institutional Trading of Adams Natural Resources Fund

Several large investors have recently bought and sold shares of the company. Commonwealth Equity Services LLC grew its position in shares of Adams Natural Resources Fund by 1.5% in the third quarter. Commonwealth Equity Services LLC now owns 47,862 shares of the financial services provider’s stock valued at $1,107,000 after purchasing an additional 714 shares during the last quarter. Raymond James & Associates grew its holdings in Adams Natural Resources Fund by 6.7% during the 3rd quarter. Raymond James & Associates now owns 183,917 shares of the financial services provider’s stock valued at $4,252,000 after buying an additional 11,552 shares during the last quarter. Blue Bell Private Wealth Management LLC grew its holdings in Adams Natural Resources Fund by 13.5% during the 3rd quarter. Blue Bell Private Wealth Management LLC now owns 14,515 shares of the financial services provider’s stock valued at $336,000 after buying an additional 1,731 shares during the last quarter. Whitener Capital Management Inc. increased its position in Adams Natural Resources Fund by 2.2% during the third quarter. Whitener Capital Management Inc. now owns 69,034 shares of the financial services provider’s stock worth $1,596,000 after buying an additional 1,507 shares in the last quarter. Finally, FCA Corp TX raised its holdings in shares of Adams Natural Resources Fund by 3.7% in the third quarter. FCA Corp TX now owns 97,982 shares of the financial services provider’s stock worth $2,265,000 after acquiring an additional 3,464 shares during the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund, Inc is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors.