D.A. Davidson & CO. Increases Stock Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

D.A. Davidson & CO. grew its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 1.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 64,107 shares of the financial services provider’s stock after acquiring an additional 715 shares during the period. D.A. Davidson & CO.’s holdings in Adams Natural Resources Fund were worth $1,489,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in PEO. Northwestern Mutual Wealth Management Co. increased its holdings in Adams Natural Resources Fund by 241.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 2,283 shares during the last quarter. Searle & CO. purchased a new position in shares of Adams Natural Resources Fund during the second quarter worth $201,000. Simplicity Wealth LLC acquired a new stake in shares of Adams Natural Resources Fund in the second quarter valued at $203,000. Miracle Mile Advisors LLC purchased a new stake in shares of Adams Natural Resources Fund in the 2nd quarter valued at $338,000. Finally, Advisors Asset Management Inc. acquired a new position in Adams Natural Resources Fund during the 3rd quarter worth about $360,000. 33.54% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, major shareholder Saba Capital Management, L.P. bought 13,785 shares of the stock in a transaction that occurred on Wednesday, September 4th. The stock was purchased at an average cost of $22.76 per share, with a total value of $313,746.60. Following the purchase, the insider now directly owns 2,853,687 shares of the company’s stock, valued at $64,949,916.12. This trade represents a 0.49 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders have acquired a total of 41,945 shares of company stock valued at $951,310 in the last ninety days. Company insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Stock Up 0.4 %

NYSE PEO opened at $23.68 on Friday. The stock has a 50-day moving average of $23.87 and a two-hundred day moving average of $23.43. Adams Natural Resources Fund, Inc. has a 1-year low of $19.78 and a 1-year high of $24.79.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, December 19th. Investors of record on Friday, November 22nd will be paid a dividend of $1.03 per share. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $4.12 annualized dividend and a yield of 17.40%. The ex-dividend date of this dividend is Friday, November 22nd.

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.