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

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 payment by an average of 14.2% annually over the last three years.

Adams Natural Resources Fund Trading Up 1.0 %

Shares of NYSE PEO traded up $0.22 during midday trading on Friday, reaching $23.37. The company had a trading volume of 30,221 shares, compared to its average volume of 35,396. The business’s 50-day simple moving average is $22.30 and its 200 day simple moving average is $21.48. Adams Natural Resources Fund has a 1 year low of $19.22 and a 1 year high of $24.25.

Insiders Place Their Bets

In other Adams Natural Resources Fund news, VP Gregory W. Buckley acquired 3,350 shares of the business’s stock in a transaction dated Monday, January 29th. The shares were purchased at an average price of $20.50 per share, for a total transaction of $68,675.00. Following the completion of the purchase, the vice president now directly owns 12,936 shares of the company’s stock, valued at $265,188. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 0.06% of the company’s stock.

Institutional Trading of Adams Natural Resources Fund

Hedge funds and other institutional investors have recently made changes to their positions in the business. Comerica Bank acquired a new stake in shares of Adams Natural Resources Fund in the third quarter worth $26,000. JPMorgan Chase & Co. grew its position in Adams Natural Resources Fund by 71.3% during the first quarter. JPMorgan Chase & Co. now owns 5,193 shares of the financial services provider’s stock valued at $107,000 after buying an additional 2,162 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Adams Natural Resources Fund by 6.2% during the fourth quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 8,123 shares of the financial services provider’s stock valued at $183,000 after buying an additional 475 shares during the period. Creative Planning acquired a new stake in Adams Natural Resources Fund during the third quarter valued at $210,000. Finally, Cetera Advisor Networks LLC acquired a new stake in Adams Natural Resources Fund during the second quarter valued at $202,000. Institutional investors and hedge funds own 33.54% of the company’s stock.

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.