Adams Natural Resources Fund, Inc. (NYSE:PEO) Major Shareholder Saba Capital Management, L.P. Acquires 30,234 Shares of Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) major shareholder Saba Capital Management, L.P. acquired 30,234 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were purchased at an average cost of $22.79 per share, with a total value of $689,032.86. Following the acquisition, the insider now owns 2,604,860 shares of the company’s stock, valued at approximately $59,364,759.40. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Major shareholders that own 10% or more of a company’s stock are required to disclose their sales and purchases with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Friday, June 14th, Saba Capital Management, L.P. acquired 18,639 shares of Adams Natural Resources Fund stock. The shares were purchased at an average cost of $22.74 per share, with a total value of $423,850.86.

Adams Natural Resources Fund Stock Up 0.5 %

NYSE PEO opened at $22.84 on Wednesday. The company has a 50 day moving average of $23.30 and a 200-day moving average of $21.99. Adams Natural Resources Fund, Inc. has a 1-year low of $19.72 and a 1-year high of $24.25.

Adams Natural Resources Fund Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Friday, May 17th were issued a $0.10 dividend. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date was Thursday, May 16th.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of PEO. Zazove Associates LLC bought a new position in Adams Natural Resources Fund in the 4th quarter worth approximately $37,000. Venturi Wealth Management LLC raised its position in Adams Natural Resources Fund by 199.6% in the 4th quarter. Venturi Wealth Management LLC now owns 2,499 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 1,665 shares during the last quarter. Vantage Financial Partners LLC bought a new position in Adams Natural Resources Fund in the 1st quarter worth approximately $201,000. Flow State Investments L.P. bought a new position in Adams Natural Resources Fund in the 4th quarter worth approximately $304,000. Finally, Alta Capital Management LLC bought a new position in Adams Natural Resources Fund in the 4th quarter worth approximately $413,000. Institutional investors own 33.54% of the company’s stock.

About Adams Natural Resources Fund

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.