Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Buys $23,161.60 in Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Janis F. Kerns acquired 1,504 shares of the firm’s stock in a transaction that occurred on Thursday, April 29th. The stock was acquired at an average price of $15.40 per share, with a total value of $23,161.60. Following the completion of the transaction, the vice president now directly owns 1,996 shares in the company, valued at approximately $30,738.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

NYSE PEO traded up $0.48 during trading hours on Monday, reaching $15.58. 101,684 shares of the company’s stock were exchanged, compared to its average volume of 88,741. The company’s 50-day moving average is $14.80 and its two-hundred day moving average is $12.59. Adams Natural Resources Fund, Inc. has a one year low of $9.04 and a one year high of $15.63.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 1st. Stockholders of record on Tuesday, May 18th will be given a dividend of $0.10 per share. This represents a $0.40 annualized dividend and a dividend yield of 2.57%. The ex-dividend date of this dividend is Monday, May 17th.

Large investors have recently modified their holdings of the stock. Ionic Capital Management LLC lifted its position in Adams Natural Resources Fund by 890.1% in the 4th quarter. Ionic Capital Management LLC now owns 166,066 shares of the financial services provider’s stock valued at $1,888,000 after acquiring an additional 149,293 shares in the last quarter. Quantedge Capital Pte Ltd acquired a new stake in shares of Adams Natural Resources Fund in the 4th quarter valued at about $1,610,000. 6 Meridian bought a new stake in shares of Adams Natural Resources Fund in the fourth quarter valued at about $1,275,000. Landscape Capital Management L.L.C. bought a new stake in shares of Adams Natural Resources Fund in the fourth quarter valued at about $795,000. Finally, FCA Corp TX acquired a new position in shares of Adams Natural Resources Fund during the fourth quarter worth about $414,000. Institutional investors and hedge funds own 21.87% 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. 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.

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