Adams Natural Resources Fund (NYSE:PEO) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of $22.31 and traded as low as $22.09. Adams Natural Resources Fund shares last traded at $22.32, with a volume of 51,000 shares trading hands.

Adams Natural Resources Fund Price Performance

The firm has a 50 day moving average of $22.31 and a 200-day moving average of $23.06.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a — dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, January 27th will be paid a $0.53 dividend. This is a boost from Adams Natural Resources Fund’s previous — dividend of $0.16. This represents a dividend yield of 5.3%. The ex-dividend date of this dividend is Monday, January 27th.

Insider Activity at Adams Natural Resources Fund

In related news, VP Gregory W. Buckley purchased 1,450 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The stock was acquired at an average cost of $23.30 per share, for a total transaction of $33,785.00. Following the completion of the purchase, the vice president now owns 17,604 shares in the company, valued at approximately $410,173.20. This represents a 8.98 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.06% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the company. 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 worth $1,729,000 after buying an additional 531 shares in the last quarter. Cullen Investment Group LTD. grew its stake in shares of Adams Natural Resources Fund by 1.9% in the fourth quarter. Cullen Investment Group LTD. now owns 28,786 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 546 shares during the last quarter. Moors & Cabot Inc. grew its stake in shares of Adams Natural Resources Fund by 4.6% in the fourth quarter. Moors & Cabot Inc. now owns 15,298 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 669 shares during the last quarter. D.A. Davidson & CO. boosted its position in Adams Natural Resources Fund by 1.1% during the third quarter. D.A. Davidson & CO. now owns 64,107 shares of the financial services provider’s stock valued at $1,489,000 after acquiring an additional 715 shares during the last quarter. Finally, Kovack Advisors Inc. boosted its position in Adams Natural Resources Fund by 4.6% during the fourth quarter. Kovack Advisors Inc. now owns 22,740 shares of the financial services provider’s stock valued at $494,000 after acquiring an additional 991 shares during the last quarter. 33.54% of the stock is currently owned by institutional investors and hedge funds.

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.