Adams Natural Resources Fund, Inc. (NYSE:PEO) Plans $0.10 Quarterly Dividend

Adams Natural Resources Fund, Inc. (NYSE:PEO) declared a quarterly dividend on Thursday, April 18th, NASDAQ reports. Shareholders of record on Friday, May 17th will be given a dividend of 0.10 per share by the financial services provider on Friday, May 31st. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend is Thursday, May 16th.

Adams Natural Resources Fund has raised its dividend by an average of 14.2% per year over the last three years.

Adams Natural Resources Fund Price Performance

Shares of Adams Natural Resources Fund stock traded up $0.22 on Friday, reaching $23.37. 30,221 shares of the company’s stock were exchanged, compared to its average volume of 35,396. Adams Natural Resources Fund has a 52 week low of $19.22 and a 52 week high of $24.25. The firm’s 50-day moving average is $22.30 and its two-hundred day moving average is $21.48.

Insider Transactions at Adams Natural Resources Fund

In other news, VP Gregory W. Buckley bought 3,350 shares of the stock in a transaction dated Monday, January 29th. The shares were bought at an average cost of $20.50 per share, with a total value of $68,675.00. Following the completion of the transaction, the vice president now directly owns 12,936 shares of the company’s stock, valued at $265,188. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.06% of the stock is owned by insiders.

Institutional Investors Weigh In On Adams Natural Resources Fund

Institutional investors and hedge funds have recently bought and sold shares of the stock. Advisor Group Holdings Inc. raised its position in Adams Natural Resources Fund by 16.3% in the 4th quarter. Advisor Group Holdings Inc. now owns 16,909 shares of the financial services provider’s stock valued at $370,000 after buying an additional 2,370 shares during the last quarter. LPL Financial LLC purchased a new stake in Adams Natural Resources Fund in the 4th quarter valued at $315,000. Buckingham Strategic Wealth LLC purchased a new stake in Adams Natural Resources Fund in the 4th quarter valued at $310,000. Raymond James Financial Services Advisors Inc. grew its stake in Adams Natural Resources Fund by 5.7% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 13,504 shares of the financial services provider’s stock valued at $283,000 after purchasing an additional 724 shares during the period. Finally, Logan Stone Capital LLC bought a new position in Adams Natural Resources Fund in the 4th quarter valued at $260,000. 33.54% of the stock is owned by hedge funds and other institutional investors.

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.