Adams Natural Resources Fund (NYSE:PEO) Stock Crosses Below 200 Day Moving Average – Here’s What Happened

Adams Natural Resources Fund, Inc. (NYSE:PEO) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $23.21 and traded as low as $22.29. Adams Natural Resources Fund shares last traded at $22.36, with a volume of 38,417 shares trading hands.

Adams Natural Resources Fund Stock Down 0.0 %

The company has a 50 day moving average of $22.90 and a two-hundred day moving average of $23.21.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 22nd were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 18.43%. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, November 22nd.

Institutional Investors Weigh In On Adams Natural Resources Fund

Hedge funds have recently bought and sold shares of the business. Northwestern Mutual Wealth Management Co. boosted its position in shares of Adams Natural Resources Fund by 241.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock worth $76,000 after purchasing an additional 2,283 shares in the last quarter. Cullen Investment Group LTD. boosted its stake in Adams Natural Resources Fund by 2.1% in the 3rd quarter. Cullen Investment Group LTD. now owns 28,240 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 580 shares in the last quarter. Raymond James & Associates grew its position in Adams Natural Resources Fund by 3.7% during the 3rd quarter. Raymond James & Associates now owns 216,439 shares of the financial services provider’s stock valued at $5,026,000 after purchasing an additional 7,727 shares during the last quarter. Adams Diversified Equity Fund Inc. lifted its stake in shares of Adams Natural Resources Fund by 2.4% in the third quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider’s stock worth $51,982,000 after buying an additional 51,905 shares in the last quarter. Finally, Whitener Capital Management Inc. grew its holdings in shares of Adams Natural Resources Fund by 0.7% during the third quarter. Whitener Capital Management Inc. now owns 74,478 shares of the financial services provider’s stock valued at $1,729,000 after buying an additional 531 shares during the last quarter. Institutional investors own 33.54% of the company’s stock.

About Adams Natural Resources Fund

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.