Cullen Investment Group LTD. Buys 580 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO)

Cullen Investment Group LTD. boosted its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 2.1% in the 3rd quarter, Holdings Channel reports. The firm owned 28,240 shares of the financial services provider’s stock after acquiring an additional 580 shares during the quarter. Cullen Investment Group LTD.’s holdings in Adams Natural Resources Fund were worth $656,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in PEO. Flow State Investments L.P. bought a new position in Adams Natural Resources Fund in the 4th quarter worth about $304,000. Vantage Financial Partners LLC bought a new stake in shares of Adams Natural Resources Fund during the 1st quarter valued at about $201,000. Simplicity Wealth LLC bought a new stake in shares of Adams Natural Resources Fund during the 2nd quarter valued at about $203,000. Whitener Capital Management Inc. boosted its position in shares of Adams Natural Resources Fund by 3.8% during the 2nd quarter. Whitener Capital Management Inc. now owns 73,947 shares of the financial services provider’s stock valued at $1,746,000 after acquiring an additional 2,692 shares during the last quarter. Finally, Miracle Mile Advisors LLC bought a new stake in shares of Adams Natural Resources Fund during the 2nd quarter valued at about $338,000. Institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Stock Performance

Shares of PEO traded up $0.11 during trading hours on Friday, reaching $24.31. 49,205 shares of the company’s stock traded hands, compared to its average volume of 39,889. The firm’s 50 day simple moving average is $23.06 and its 200-day simple moving average is $23.25. Adams Natural Resources Fund, Inc. has a 12 month low of $19.78 and a 12 month high of $24.49.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 30th. Stockholders of record on Monday, August 5th were given a dividend of $0.54 per share. This represents a $2.16 dividend on an annualized basis and a dividend yield of 8.89%. The ex-dividend date of this dividend was Monday, August 5th. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.

Insider Activity

In other Adams Natural Resources Fund news, major shareholder Saba Capital Management, L.P. purchased 7,674 shares of the company’s stock in a transaction dated Tuesday, July 16th. The stock was purchased at an average price of $23.93 per share, for a total transaction of $183,638.82. Following the transaction, the insider now owns 2,772,384 shares in the company, valued at $66,343,149.12. The trade was a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In the last 90 days, insiders acquired 101,834 shares of company stock worth $2,373,093. 0.06% of the stock is currently owned by insiders.

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.