Adams Natural Resources Fund (NYSE:PEO) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEOGet Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $25.74 and traded as high as $26.84. Adams Natural Resources Fund shares last traded at $26.6050, with a volume of 52,882 shares traded.

Adams Natural Resources Fund Price Performance

The firm’s 50-day simple moving average is $25.74 and its 200 day simple moving average is $25.91.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, July 27th will be issued a $0.54 dividend. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. The ex-dividend date of this dividend is Monday, July 27th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.1%.

Hedge Funds Weigh In On Adams Natural Resources Fund

Institutional investors and hedge funds have recently bought and sold shares of the company. Comerica Bank raised its stake in shares of Adams Natural Resources Fund by 38.1% in the first 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 during the period. Jones Financial Companies Lllp increased its holdings in Adams Natural Resources Fund by 843.9% in the 1st quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock worth $979,000 after acquiring an additional 38,374 shares during the last quarter. Focus Partners Wealth increased its holdings in Adams Natural Resources Fund by 8.9% in the 1st quarter. Focus Partners Wealth now owns 16,950 shares of the financial services provider’s stock worth $387,000 after acquiring an additional 1,380 shares during the last quarter. First Trust Advisors LP increased its holdings in Adams Natural Resources Fund by 9.1% in the 2nd quarter. First Trust Advisors LP now owns 62,564 shares of the financial services provider’s stock worth $1,337,000 after acquiring an additional 5,204 shares during the last quarter. Finally, Baird Financial Group Inc. raised its stake in Adams Natural Resources Fund by 21.9% in the 2nd quarter. Baird Financial Group Inc. now owns 32,961 shares of the financial services provider’s stock valued at $704,000 after acquiring an additional 5,915 shares during the period. 33.54% of the stock is owned by institutional investors.

Adams Natural Resources Fund Company Profile

(Get Free Report)

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.

Further Reading

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