Adams Natural Resources Fund (NYSE:PEO) Shares Pass Below 200-Day Moving Average – Should You Sell?

Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-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 0.0 %

The firm has a 50-day moving average of $22.90 and a 200-day moving average of $23.21.

Adams Natural Resources Fund Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 22nd were paid a $1.03 dividend. This represents a $4.12 annualized dividend and a dividend yield of 18.43%. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, November 22nd.

Institutional Investors Weigh In On Adams Natural Resources Fund

Large investors have recently added to or reduced their stakes in the company. Northwestern Mutual Wealth Management Co. increased its holdings in Adams Natural Resources Fund by 241.1% during 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 period. Advisors Asset Management Inc. bought a new stake in shares of Adams Natural Resources Fund in the 3rd quarter worth approximately $360,000. Wolverine Asset Management LLC increased its stake in shares of 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 valued at $559,000 after buying an additional 22,242 shares during the period. Sanctuary Advisors LLC bought a new stake in Adams Natural Resources Fund in the third quarter valued at $590,000. Finally, Cullen Investment Group LTD. lifted its position in shares of Adams Natural Resources Fund by 2.1% in the 3rd quarter. Cullen Investment Group LTD. now owns 28,240 shares of the financial services provider’s stock worth $656,000 after purchasing an additional 580 shares during the period. Institutional investors own 33.54% of the company’s stock.

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.