S&CO Inc. Invests $2.74 Million in Adams Natural Resources Fund, Inc. $PEO

S&CO Inc. purchased a new position in Adams Natural Resources Fund, Inc. (NYSE:PEO) in the second quarter, HoldingsChannel.com reports. The firm purchased 59,425 shares of the financial services provider’s stock, valued at approximately $2,743,000.

Other institutional investors have also recently made changes to their positions in the company. Lazard Asset Management LLC raised its stake in shares of Adams Natural Resources Fund by 23.4% in the third quarter. Lazard Asset Management LLC now owns 510,075 shares of the financial services provider’s stock worth $10,977,000 after buying an additional 96,622 shares during the period. Pathstone Holdings LLC increased its holdings in Adams Natural Resources Fund by 28.2% in the 3rd quarter. Pathstone Holdings LLC now owns 264,520 shares of the financial services provider’s stock worth $5,692,000 after acquiring an additional 58,231 shares in the last quarter. Adams Diversified Equity Fund Inc. raised its stake in Adams Natural Resources Fund by 2.3% during the 4th quarter. Adams Diversified Equity Fund Inc. now owns 2,572,684 shares of the financial services provider’s stock worth $55,930,000 after acquiring an additional 56,682 shares during the period. Jones Financial Companies Lllp raised its stake in Adams Natural Resources Fund by 843.9% during the 1st 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. Finally, Calamos Advisors LLC purchased a new position in Adams Natural Resources Fund during the first quarter valued at approximately $838,000. Institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Trading Up 0.9%

PEO opened at $27.80 on Friday. The company has a 50 day simple moving average of $25.93 and a two-hundred day simple moving average of $26.08. Adams Natural Resources Fund, Inc. has a 1-year low of $20.75 and a 1-year high of $28.88.

Adams Natural Resources Fund Increases Dividend

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

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.