Wolverine Asset Management LLC Raises Holdings in Adams Natural Resources Fund, Inc. $PEO

Wolverine Asset Management LLC increased its holdings in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 35.9% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 155,166 shares of the financial services provider’s stock after purchasing an additional 40,996 shares during the quarter. Wolverine Asset Management LLC’s holdings in Adams Natural Resources Fund were worth $3,339,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently modified their holdings of the company. Adams Diversified Equity Fund Inc. raised its position in Adams Natural Resources Fund by 2.5% in the 2nd quarter. Adams Diversified Equity Fund Inc. now owns 2,456,181 shares of the financial services provider’s stock worth $52,489,000 after buying an additional 59,934 shares during the last quarter. Jones Financial Companies Lllp grew its stake in shares of Adams Natural Resources Fund by 843.9% in the first quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock worth $979,000 after acquiring an additional 38,374 shares during the period. Concurrent Investment Advisors LLC lifted its position in Adams Natural Resources Fund by 61.9% during the third quarter. Concurrent Investment Advisors LLC now owns 24,169 shares of the financial services provider’s stock valued at $520,000 after purchasing an additional 9,237 shares during the period. Advisors Asset Management Inc. boosted its holdings in Adams Natural Resources Fund by 18.6% in the second quarter. Advisors Asset Management Inc. now owns 45,822 shares of the financial services provider’s stock worth $979,000 after purchasing an additional 7,199 shares during the last quarter. Finally, Penserra Capital Management LLC grew its position in Adams Natural Resources Fund by 3.0% in the 2nd quarter. Penserra Capital Management LLC now owns 212,131 shares of the financial services provider’s stock worth $4,533,000 after purchasing an additional 6,264 shares during the period. 33.54% of the stock is owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Stock Performance

PEO stock opened at $23.46 on Friday. Adams Natural Resources Fund, Inc. has a 1 year low of $18.34 and a 1 year high of $23.97. The stock’s fifty day moving average price is $21.85 and its 200-day moving average price is $21.63.

Adams Natural Resources Fund Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, February 25th. Stockholders of record on Monday, January 26th will be given a dividend of $0.49 per share. The ex-dividend date of this dividend is Monday, January 26th. This represents a $1.96 annualized dividend and a dividend yield of 8.4%.

Adams Natural Resources Fund Company Profile

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.