Adams Natural Resources Fund (NYSE:PEO) Stock Crosses Below 200 Day Moving Average – Here’s Why

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $23.21 and traded as low as $22.29. Adams Natural Resources Fund shares last traded at $22.36, with a volume of 38,417 shares changing hands.

Adams Natural Resources Fund Trading Down 0.4 %

The stock’s 50-day simple moving average is $22.90 and its 200 day simple moving average is $23.21.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 22nd were paid a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 22nd. This represents a $4.12 annualized dividend and a yield of 18.48%. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Adams Diversified Equity Fund Inc. grew its stake in shares of Adams Natural Resources Fund by 2.4% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider’s stock valued at $51,982,000 after buying an additional 51,905 shares during the period. Pathstone Holdings LLC grew its stake in Adams Natural Resources Fund by 149.9% in the third quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider’s stock valued at $6,771,000 after acquiring an additional 174,866 shares during the period. Raymond James & Associates increased its holdings in shares of Adams Natural Resources Fund by 3.7% during the third quarter. Raymond James & Associates now owns 216,439 shares of the financial services provider’s stock valued at $5,026,000 after acquiring an additional 7,727 shares in the last quarter. Whitener Capital Management Inc. increased its holdings in shares of Adams Natural Resources Fund by 0.7% during the third quarter. Whitener Capital Management Inc. now owns 74,478 shares of the financial services provider’s stock valued at $1,729,000 after acquiring an additional 531 shares in the last quarter. Finally, Stifel Financial Corp raised its position in shares of Adams Natural Resources Fund by 2.2% during the third quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 1,582 shares during the period. 33.54% of the stock is owned by institutional investors.

Adams Natural Resources Fund Company Profile

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.