Adams Natural Resources Fund, Inc. (NYSE:PEO – Get Free Report) Director Jane Musser Nelson acquired 1,010 shares of the firm’s stock in a transaction on Wednesday, October 28th. The shares were purchased at an average cost of $29.93 per share, for a total transaction of $30,229.30. Following the completion of the purchase, the director directly owned 4,135 shares of the company’s stock, valued at approximately $123,760.55. The trade was a 32.32% 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 Stock Up 1.6%
NYSE PEO opened at $30.46 on Friday. Adams Natural Resources Fund, Inc. has a 1-year low of $21.00 and a 1-year high of $32.52. The company has a 50 day moving average of $28.94 and a 200-day moving average of $26.75.
Institutional Investors Weigh In On Adams Natural Resources Fund
A number of hedge funds and other institutional investors have recently bought and sold shares of PEO. Blue Bell Private Wealth Management LLC increased its stake in shares of Adams Natural Resources Fund by 1.5% in the third quarter. Blue Bell Private Wealth Management LLC now owns 117,091 shares of the financial services provider’s stock valued at $3,224,000 after buying an additional 1,700 shares in the last quarter. Adams Diversified Equity Fund Inc. raised its holdings in shares of Adams Natural Resources Fund by 1.9% in the third quarter. Adams Diversified Equity Fund Inc. now owns 2,725,402 shares of the financial services provider’s stock valued at $75,030,000 after buying an additional 51,949 shares during the last quarter. Uncommon Cents Investing Inc raised its holdings in shares of Adams Natural Resources Fund by 1.0% in the third quarter. Uncommon Cents Investing Inc now owns 62,064 shares of the financial services provider’s stock valued at $1,709,000 after buying an additional 595 shares during the last quarter. Whitener Capital Management Inc. lifted its position in Adams Natural Resources Fund by 2.1% during the 3rd quarter. Whitener Capital Management Inc. now owns 92,542 shares of the financial services provider’s stock worth $2,548,000 after buying an additional 1,926 shares in the last quarter. Finally, Community Financial Services Group LLC lifted its position in Adams Natural Resources Fund by 175.0% during the 3rd quarter. Community Financial Services Group LLC now owns 1,100 shares of the financial services provider’s stock worth $30,000 after buying an additional 700 shares in the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.
Adams Natural Resources Fund Company Profile
Adams Natural Resources Fund (NYSE: PEO) is a diversified closed-end investment company focused on the energy and natural resources sectors. The fund seeks long-term capital appreciation and income by investing primarily in publicly traded companies involved in the exploration, production, processing, transportation and distribution of energy and other natural resources.
Its portfolio may include companies engaged in oil and natural gas, renewable and alternative energy, mining, metals, chemicals, utilities, equipment manufacturing and related services.
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