Wolverine Asset Management LLC Lowers Position in Adams Natural Resources Fund, Inc. $PEO

Wolverine Asset Management LLC cut its stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 70.6% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 45,551 shares of the financial services provider’s stock after selling 109,615 shares during the period. Wolverine Asset Management LLC’s holdings in Adams Natural Resources Fund were worth $990,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Comerica Bank lifted its holdings in Adams Natural Resources Fund by 38.1% during the first quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 513 shares in the last quarter. Advisory Services Network LLC purchased a new position in Adams Natural Resources Fund during the third quarter valued at approximately $48,000. Geneos Wealth Management Inc. lifted its holdings in Adams Natural Resources Fund by 45.2% during the second quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 801 shares in the last quarter. Farther Finance Advisors LLC purchased a new position in Adams Natural Resources Fund during the fourth quarter valued at approximately $64,000. Finally, Northwestern Mutual Wealth Management Co. lifted its holdings in Adams Natural Resources Fund by 58.4% during the third quarter. Northwestern Mutual Wealth Management Co. now owns 4,436 shares of the financial services provider’s stock valued at $95,000 after purchasing an additional 1,635 shares in the last quarter. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Stock Down 0.1%

Shares of NYSE:PEO opened at $27.03 on Wednesday. Adams Natural Resources Fund, Inc. has a 1-year low of $19.72 and a 1-year high of $28.88. The firm’s 50 day simple moving average is $26.61 and its two-hundred day simple moving average is $23.99.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, May 27th. Shareholders of record on Monday, April 27th will be issued a dividend of $0.52 per share. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.49. This represents a $2.08 annualized dividend and a yield of 7.7%. The ex-dividend date of this dividend is Monday, April 27th.

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.