Adams Natural Resources Fund (NYSE:PEO) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $25.73 and traded as high as $27.74. Adams Natural Resources Fund shares last traded at $27.64, with a volume of 62,834 shares trading hands.

Adams Natural Resources Fund Trading Up 0.7%

The business has a fifty day moving average of $25.73 and a 200-day moving average of $25.67.

Adams Natural Resources Fund Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Shareholders of record on Monday, July 27th will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 7.8%. The ex-dividend date of this dividend is Monday, July 27th. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.52.

Hedge Funds Weigh In On Adams Natural Resources Fund

Hedge funds have recently made changes to their positions in the business. Whitener Capital Management Inc. raised its holdings in shares of Adams Natural Resources Fund by 1.2% in the 2nd quarter. Whitener Capital Management Inc. now owns 90,616 shares of the financial services provider’s stock worth $2,240,000 after purchasing an additional 1,112 shares in the last quarter. Wealthcare Advisory Partners LLC boosted its holdings in Adams Natural Resources Fund by 6.4% during the second quarter. Wealthcare Advisory Partners LLC now owns 42,179 shares of the financial services provider’s stock worth $1,043,000 after buying an additional 2,535 shares in the last quarter. Bank of America Corp DE boosted its holdings in Adams Natural Resources Fund by 0.9% during the first quarter. Bank of America Corp DE now owns 124,273 shares of the financial services provider’s stock worth $3,455,000 after buying an additional 1,107 shares in the last quarter. Sunbelt Securities Inc. acquired a new position in Adams Natural Resources Fund in the first quarter worth approximately $153,000. Finally, FCA Corp TX grew its position in Adams Natural Resources Fund by 5.2% in the first quarter. FCA Corp TX now owns 118,306 shares of the financial services provider’s stock worth $3,289,000 after buying an additional 5,819 shares during the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

About Adams Natural Resources Fund

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.