Whitener Capital Management Inc. Cuts Stake in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Whitener Capital Management Inc. trimmed its holdings in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 2.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 72,867 shares of the financial services provider’s stock after selling 1,611 shares during the quarter. Whitener Capital Management Inc. owned 0.29% of Adams Natural Resources Fund worth $1,584,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in PEO. Pathstone Holdings LLC increased its holdings in shares of Adams Natural Resources Fund by 149.9% during the third quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider’s stock valued at $6,771,000 after acquiring an additional 174,866 shares in the last quarter. Capstone Investment Advisors LLC purchased a new stake in shares of Adams Natural Resources Fund during the third quarter valued at $1,247,000. Adams Diversified Equity Fund Inc. raised its stake in Adams Natural Resources Fund by 2.4% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider’s stock worth $51,982,000 after acquiring an additional 51,905 shares during the last quarter. Sanctuary Advisors LLC purchased a new position in shares of Adams Natural Resources Fund in the third quarter worth about $590,000. Finally, Wolverine Asset Management LLC lifted its holdings in shares of Adams Natural Resources Fund by 1,206.2% during the third quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 22,242 shares during the period. 33.54% of the stock is owned by institutional investors and hedge funds.

Adams Natural Resources Fund Trading Up 1.6 %

Shares of NYSE:PEO opened at $23.80 on Friday. Adams Natural Resources Fund, Inc. has a twelve month low of $19.85 and a twelve month high of $24.79. The company’s 50 day moving average is $22.81 and its 200 day moving average is $23.20.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 22nd were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 22nd. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $4.12 dividend on an annualized basis and a yield of 17.31%.

Adams Natural Resources Fund Profile

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.