Adams Natural Resources Fund, Inc. (NYSE:PEO – Get Rating) declared a quarterly dividend on Thursday, April 20th, Zacks reports. Stockholders of record on Thursday, May 18th will be paid a dividend of 0.10 per share by the financial services provider on Thursday, June 1st. This represents a $0.40 annualized dividend and a dividend yield of 1.91%. The ex-dividend date is Wednesday, May 17th.
Adams Natural Resources Fund has decreased its dividend payment by an average of 2.2% per year over the last three years.
Get Adams Natural Resources Fund alerts:Adams Natural Resources Fund Price Performance
Shares of PEO stock opened at $20.93 on Friday. Adams Natural Resources Fund has a 12-month low of $18.15 and a 12-month high of $24.61. The firm has a fifty day moving average of $20.95 and a 200-day moving average of $21.83.
Insider Activity
In other news, Director Mary Chris Jammet purchased 1,315 shares of the firm's stock in a transaction dated Friday, January 27th. The stock was bought at an average price of $22.81 per share, with a total value of $29,995.15. Following the acquisition, the director now directly owns 8,899 shares of the company's stock, valued at $202,986.19. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by company insiders.
Hedge Funds Weigh In On Adams Natural Resources Fund
A number of institutional investors and hedge funds have recently added to or reduced their stakes in PEO. Morgan Stanley boosted its stake in Adams Natural Resources Fund by 122.9% in the 4th quarter. Morgan Stanley now owns 490,431 shares of the financial services provider's stock worth $10,691,000 after purchasing an additional 270,399 shares during the period. 1832 Asset Management L.P. acquired a new position in Adams Natural Resources Fund in the 1st quarter worth $4,434,000. Raymond James & Associates boosted its stake in Adams Natural Resources Fund by 308.9% in the 1st quarter. Raymond James & Associates now owns 175,456 shares of the financial services provider's stock worth $3,672,000 after purchasing an additional 132,544 shares during the period. Nations Financial Group Inc. IA ADV acquired a new position in Adams Natural Resources Fund in the 1st quarter worth $1,228,000. Finally, UBS Group AG boosted its stake in Adams Natural Resources Fund by 84.8% in the 4th quarter. UBS Group AG now owns 65,933 shares of the financial services provider's stock worth $1,437,000 after purchasing an additional 30,251 shares during the period. 31.69% of the stock is owned by institutional investors and hedge funds.
About Adams Natural Resources Fund
(Get Rating)
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.
Featured Articles
- Get a free copy of the StockNews.com research report on Adams Natural Resources Fund (PEO)
- MarketBeat Week in Review – 4/17 – 4/21
- 2 Industrial Strength Dividend Stocks Melting Up
- Proctor & Gamble Is Going To Set A New High
- AutoNation's Plans are Keeping Analysts Around
- Netflix Increases Buybacks: Can It Complete A Reversal In 2023?
Receive News & Ratings for Adams Natural Resources Fund Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Adams Natural Resources Fund and related companies with MarketBeat.com's FREE daily email newsletter.