Adams Natural Resources Fund (NYSE:PEO) Sees Strong Trading Volume – Should You Buy?

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEOGet Free Report) saw strong trading volume on Monday . 78,920 shares were traded during mid-day trading, an increase of 57% from the previous session’s volume of 50,207 shares.The stock last traded at $22.98 and had previously closed at $22.39.

Adams Natural Resources Fund Trading Up 1.2 %

The company’s fifty day moving average is $22.85 and its 200 day moving average is $23.19.

Adams Natural Resources Fund Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 22nd were paid a dividend of $1.03 per share. This represents a $4.12 dividend on an annualized basis and a dividend yield of 17.49%. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. The ex-dividend date of this dividend was Friday, November 22nd.

Institutional Trading of Adams Natural Resources Fund

Several institutional investors and hedge funds have recently bought and sold shares of the stock. City State Bank acquired a new position in shares of Adams Natural Resources Fund during the 4th quarter worth approximately $25,000. Northwestern Mutual Wealth Management Co. grew its stake in shares of Adams Natural Resources Fund by 241.1% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,283 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in Adams Natural Resources Fund during the third quarter worth $360,000. Wolverine Asset Management LLC raised its position in Adams Natural Resources Fund by 1,206.2% during the third quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider’s stock worth $559,000 after acquiring an additional 22,242 shares in the last quarter. Finally, Sanctuary Advisors LLC acquired a new stake in Adams Natural Resources Fund in the third quarter valued at $590,000. Institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Company Profile

(Get Free Report)

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.

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