Wolverine Asset Management LLC Grows Holdings in Adams Natural Resources Fund, Inc. $PEO

Wolverine Asset Management LLC increased its holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 35.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 155,166 shares of the financial services provider’s stock after acquiring an additional 40,996 shares during the quarter. Wolverine Asset Management LLC owned about 0.59% of Adams Natural Resources Fund worth $3,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also bought and sold shares of PEO. Uhlmann Price Securities LLC increased its stake in shares of Adams Natural Resources Fund by 0.8% during the second quarter. Uhlmann Price Securities LLC now owns 61,675 shares of the financial services provider’s stock valued at $1,318,000 after purchasing an additional 466 shares in the last quarter. Comerica Bank increased its position in Adams Natural Resources Fund by 38.1% during the 1st quarter. Comerica Bank now owns 1,859 shares of the financial services provider’s stock valued at $42,000 after buying an additional 513 shares in the last quarter. NewEdge Advisors LLC raised its stake in Adams Natural Resources Fund by 4.7% during the second quarter. NewEdge Advisors LLC now owns 12,600 shares of the financial services provider’s stock valued at $269,000 after buying an additional 567 shares during the last quarter. Kovack Advisors Inc. raised its stake in Adams Natural Resources Fund by 2.5% during the second quarter. Kovack Advisors Inc. now owns 25,458 shares of the financial services provider’s stock valued at $544,000 after buying an additional 616 shares during the last quarter. Finally, Geneos Wealth Management Inc. boosted its holdings in Adams Natural Resources Fund by 45.2% in the second quarter. Geneos Wealth Management Inc. now owns 2,572 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 801 shares in the last quarter. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Stock Performance

Shares of NYSE:PEO opened at $23.46 on Friday. The business has a fifty day moving average price of $21.85 and a 200-day moving average price of $21.63. Adams Natural Resources Fund, Inc. has a 1-year low of $18.34 and a 1-year high of $23.97.

Adams Natural Resources Fund Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, February 25th. Shareholders of record on Monday, January 26th will be issued a $0.49 dividend. The ex-dividend date of this dividend is Monday, January 26th. This represents a $1.96 annualized dividend and a yield of 8.4%.

About Adams Natural Resources Fund

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.