Adams Natural Resources Fund (NYSE:PEO) Shares Cross Above 50 Day Moving Average – Time to Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEO) shares passed above its fifty day moving average during trading on Tuesday. The stock has a fifty day moving average of $28.11 and traded as high as $28.30. Adams Natural Resources Fund shares last traded at $28.22, with a volume of 29,598 shares trading hands.

Adams Natural Resources Fund Price Performance

The business has a 50-day moving average of $28.14 and a 200 day moving average of $26.83.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, August 26th. Stockholders of record on Monday, July 27th were issued a dividend of $0.54 per share. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. This represents a $2.16 annualized dividend and a dividend yield of 7.5%. The ex-dividend date was Monday, July 27th.

Hedge Funds Weigh In On Adams Natural Resources Fund

A number of institutional investors have recently modified their holdings of the company. Evolve Private Wealth LLC increased its stake in Adams Natural Resources Fund by 1.9% during the 1st quarter. Evolve Private Wealth LLC now owns 25,824 shares of the financial services provider’s stock valued at $718,000 after purchasing an additional 491 shares in the last quarter. PNC Financial Services Group Inc. lifted its stake in shares of Adams Natural Resources Fund by 30.8% in the first quarter. PNC Financial Services Group Inc. now owns 2,550 shares of the financial services provider’s stock valued at $71,000 after buying an additional 600 shares in the last quarter. Northwestern Mutual Wealth Management Co. acquired a new position in shares of Adams Natural Resources Fund during the second quarter valued at about $35,000. Bank of America Corp DE grew its holdings in shares of Adams Natural Resources Fund by 0.9% during 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 buying an additional 1,107 shares during the last quarter. Finally, Whitener Capital Management Inc. raised its holdings in shares of Adams Natural Resources Fund by 1.2% in the 2nd quarter. Whitener Capital Management Inc. now owns 90,616 shares of the financial services provider’s stock worth $2,240,000 after acquiring an additional 1,112 shares during the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

About Adams Natural Resources Fund

Adams Natural Resources Fund (NYSE: PEO) is a closed-end investment company that seeks long-term growth of capital and income by investing primarily in companies involved in natural resources. Its portfolio generally focuses on energy, metals, mining, and other basic-materials businesses.

The fund provides investors with diversified exposure to the natural-resources sector through publicly traded companies. Its investments may include producers, developers, and service providers across areas such as oil and natural gas, precious and industrial metals, and other resource-related industries.

Adams Natural Resources Fund is managed by Adams Investment Management, an affiliated investment manager of Adams Funds.