Adams Natural Resources Fund (NYSE:PEO) Share Price Passes Above 50-Day Moving Average of $23.12

Adams Natural Resources Fund, Inc. (NYSE:PEO) shares crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of $23.12 and traded as high as $23.68. Adams Natural Resources Fund shares last traded at $23.26, with a volume of 49,858 shares trading hands.

Adams Natural Resources Fund Price Performance

The company’s 50 day moving average is $23.12 and its two-hundred day moving average is $23.20.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Monday, August 5th were given a $0.54 dividend. The ex-dividend date of this dividend was Monday, August 5th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 9.29%. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.

Insider Transactions at Adams Natural Resources Fund

In other news, major shareholder Saba Capital Management, L.P. bought 5,430 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was acquired at an average cost of $23.58 per share, for a total transaction of $128,039.40. Following the completion of the purchase, the insider now owns 2,735,096 shares of the company’s stock, valued at approximately $64,493,563.68. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last quarter, insiders have bought 158,856 shares of company stock valued at $3,730,062. 0.06% of the stock is owned by corporate insiders.

Institutional Trading of Adams Natural Resources Fund

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Blue Bell Private Wealth Management LLC lifted its stake in Adams Natural Resources Fund by 25.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 51,918 shares of the financial services provider’s stock worth $1,226,000 after purchasing an additional 10,593 shares during the period. Simplicity Wealth LLC acquired a new position in shares of Adams Natural Resources Fund in the 2nd quarter worth approximately $203,000. Miracle Mile Advisors LLC bought a new position in shares of Adams Natural Resources Fund during the 2nd quarter worth approximately $338,000. Quantedge Capital Pte Ltd lifted its position in shares of Adams Natural Resources Fund by 31.8% during the 4th quarter. Quantedge Capital Pte Ltd now owns 57,826 shares of the financial services provider’s stock worth $1,193,000 after buying an additional 13,944 shares during the period. Finally, Flow State Investments L.P. acquired a new stake in Adams Natural Resources Fund in the 4th quarter valued at $304,000. Institutional investors 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.