Saba Capital Management L.P. Sells 435,589 Shares of Adams Natural Resources Fund, Inc. $PEO

Saba Capital Management L.P. lowered its position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 16.1% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,262,661 shares of the financial services provider’s stock after selling 435,589 shares during the quarter. Adams Natural Resources Fund comprises approximately 1.7% of Saba Capital Management L.P.’s holdings, making the stock its 10th largest holding. Saba Capital Management L.P. owned approximately 0.08% of Adams Natural Resources Fund worth $62,902,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of PEO. Lazard Asset Management LLC increased its position in Adams Natural Resources Fund by 23.4% during the 3rd quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider’s stock worth $10,977,000 after purchasing an additional 96,622 shares in the last quarter. Pathstone Holdings LLC lifted its position in Adams Natural Resources Fund by 28.2% during the third quarter. Pathstone Holdings LLC now owns 264,520 shares of the financial services provider’s stock valued at $5,692,000 after buying an additional 58,231 shares in the last quarter. Adams Diversified Equity Fund Inc. lifted its position in Adams Natural Resources Fund by 2.3% during the fourth quarter. Adams Diversified Equity Fund Inc. now owns 2,572,684 shares of the financial services provider’s stock valued at $55,930,000 after buying an additional 56,682 shares in the last quarter. Jones Financial Companies Lllp grew its stake in Adams Natural Resources Fund by 843.9% during the first quarter. Jones Financial Companies Lllp now owns 42,921 shares of the financial services provider’s stock worth $979,000 after buying an additional 38,374 shares during the period. Finally, Calamos Advisors LLC purchased a new stake in Adams Natural Resources Fund during the first quarter worth approximately $838,000. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Price Performance

Adams Natural Resources Fund stock opened at $26.62 on Tuesday. Adams Natural Resources Fund, Inc. has a 52-week low of $20.57 and a 52-week high of $28.88. The firm has a fifty day moving average of $25.72 and a 200-day moving average of $25.73.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, August 26th. Investors of record on Monday, July 27th will be issued a $0.54 dividend. The ex-dividend date is Monday, July 27th. This represents a $2.16 annualized dividend and a yield of 8.1%. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.52.

Adams Natural Resources Fund 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.