Adams Natural Resources Fund (NYSE:PEO) Stock Crosses Below 200 Day Moving Average – Should You Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEO) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.69 and traded as low as $19.30. Adams Natural Resources Fund shares last traded at $20.05, with a volume of 67,065 shares trading hands.

Adams Natural Resources Fund Trading Up 2.7 %

The firm has a 50-day simple moving average of $21.85 and a 200-day simple moving average of $22.69.

Adams Natural Resources Fund Increases Dividend

The company also recently announced a — dividend, which was paid on Wednesday, February 26th. Investors of record on Monday, January 27th were given a $0.53 dividend. This represents a dividend yield of 5.3%. This is an increase from Adams Natural Resources Fund’s previous — dividend of $0.16. The ex-dividend date was Monday, January 27th.

Insiders Place Their Bets

In related news, VP Gregory W. Buckley purchased 1,450 shares of the company’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were purchased at an average price of $23.30 per share, with a total value of $33,785.00. Following the purchase, the vice president now owns 17,604 shares of the company’s stock, valued at $410,173.20. The trade was a 8.98 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.13% of the stock is owned by insiders.

Hedge Funds Weigh In On Adams Natural Resources Fund

Several hedge funds and other institutional investors have recently modified their holdings of PEO. NBC Securities Inc. grew its stake in shares of Adams Natural Resources Fund by 114,200.0% in the 1st quarter. NBC Securities Inc. now owns 1,143 shares of the financial services provider’s stock valued at $26,000 after buying an additional 1,142 shares during the period. Cullen Investment Group LTD. raised its holdings in Adams Natural Resources Fund by 2.1% in the first quarter. Cullen Investment Group LTD. now owns 29,403 shares of the financial services provider’s stock valued at $671,000 after acquiring an additional 617 shares in the last quarter. Pathstone Holdings LLC raised its stake in Adams Natural Resources Fund by 42.1% in the fourth quarter. Pathstone Holdings LLC now owns 414,351 shares of the financial services provider’s stock valued at $9,011,000 after buying an additional 122,847 shares in the last quarter. Focus Partners Wealth lifted its stake in Adams Natural Resources Fund by 3.6% during the fourth quarter. Focus Partners Wealth now owns 15,570 shares of the financial services provider’s stock worth $338,000 after purchasing an additional 541 shares during the last quarter. Finally, Cetera Investment Advisers boosted its holdings in shares of Adams Natural Resources Fund by 14.9% in the 4th quarter. Cetera Investment Advisers now owns 20,796 shares of the financial services provider’s stock valued at $452,000 after buying an additional 2,689 shares in the last quarter. 33.54% of the stock is owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Company 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.