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

Adams Natural Resources Fund, Inc. (NYSE:PEO) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $26.61 and traded as high as $27.05. Adams Natural Resources Fund shares last traded at $26.4560, with a volume of 49,789 shares trading hands.

Adams Natural Resources Fund Stock Performance

The business has a 50-day moving average price of $26.61 and a 200 day moving average price of $24.41.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Stockholders of record on Monday, April 27th will be given a dividend of $0.52 per share. The ex-dividend date of this dividend is Monday, April 27th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 7.9%. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.49.

Institutional Trading of Adams Natural Resources Fund

A number of institutional investors have recently added to or reduced their stakes in the stock. Cullen Investment Group LTD. raised its holdings in shares of Adams Natural Resources Fund by 1.7% in the 4th quarter. Cullen Investment Group LTD. now owns 27,399 shares of the financial services provider’s stock valued at $614,000 after acquiring an additional 454 shares in the last quarter. Evolve Private Wealth LLC raised its holdings in shares of Adams Natural Resources Fund by 1.9% in the 1st quarter. Evolve Private Wealth LLC now owns 25,824 shares of the financial services provider’s stock valued at $718,000 after acquiring an additional 491 shares in the last quarter. Comerica Bank raised 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 acquiring an additional 513 shares in the last quarter. NewEdge Advisors LLC raised its holdings in shares of Adams Natural Resources Fund by 4.7% in the 2nd quarter. NewEdge Advisors LLC now owns 12,600 shares of the financial services provider’s stock valued at $269,000 after acquiring an additional 567 shares in the last quarter. Finally, PNC Financial Services Group Inc. raised 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 acquiring an additional 600 shares in 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.