Insider Buying: Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Buys 1,450 Shares of Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) VP Gregory W. Buckley acquired 1,450 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were purchased at an average cost of $23.30 per share, for a total transaction of $33,785.00. Following the completion of the purchase, the vice president now directly owns 17,604 shares of the company’s stock, valued at approximately $410,173.20. The trade was a 8.98 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link.

Adams Natural Resources Fund Price Performance

Shares of PEO opened at $23.07 on Friday. Adams Natural Resources Fund, Inc. has a one year low of $19.99 and a one year high of $24.79. The business’s 50 day simple moving average is $22.73 and its 200-day simple moving average is $23.19.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a — dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, January 27th will be paid a $0.53 dividend. The ex-dividend date of this dividend is Monday, January 27th. This represents a yield of 5.3%. This is a positive change from Adams Natural Resources Fund’s previous — dividend of $0.16.

Institutional Trading of Adams Natural Resources Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Adams Diversified Equity Fund Inc. lifted its position in Adams Natural Resources Fund by 2.4% during 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 buying an additional 51,905 shares in the last quarter. Pathstone Holdings LLC raised its stake in shares of Adams Natural Resources Fund by 149.9% in the third quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider’s stock worth $6,771,000 after acquiring an additional 174,866 shares during the last quarter. Raymond James & Associates grew its stake in shares of Adams Natural Resources Fund by 3.7% during the third 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. Whitener Capital Management Inc. grew its stake 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 purchasing an additional 531 shares during the last quarter. Finally, Stifel Financial Corp raised its position in Adams Natural Resources Fund by 2.2% in the 3rd quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 1,582 shares during the last quarter. 33.54% of the stock is currently owned by institutional investors and hedge funds.

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.