Stifel Financial Corp Has $1.72 Million Stock Holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Stifel Financial Corp increased its holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 2.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 74,260 shares of the financial services provider’s stock after buying an additional 1,582 shares during the period. Stifel Financial Corp owned 0.29% of Adams Natural Resources Fund worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Wolverine Asset Management LLC raised its position in shares of Adams Natural Resources Fund by 1,206.2% in the 3rd quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider’s stock valued at $559,000 after buying an additional 22,242 shares in the last quarter. Pathstone Holdings LLC grew its holdings in shares of Adams Natural Resources Fund by 149.9% during the 3rd quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider’s stock valued at $6,771,000 after purchasing an additional 174,866 shares during the last quarter. Adams Diversified Equity Fund Inc. increased its position in Adams Natural Resources Fund by 2.4% during the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider’s stock worth $51,982,000 after purchasing an additional 51,905 shares in the last quarter. Capstone Investment Advisors LLC acquired a new stake in Adams Natural Resources Fund in the third quarter valued at approximately $1,247,000. Finally, Blue Bell Private Wealth Management LLC grew its stake in shares of Adams Natural Resources Fund by 25.6% during the second quarter. Blue Bell Private Wealth Management LLC now owns 51,918 shares of the financial services provider’s stock worth $1,226,000 after buying an additional 10,593 shares during the last quarter. 33.54% of the stock is owned by institutional investors and hedge funds.

Adams Natural Resources Fund Stock Performance

Shares of PEO stock opened at $21.07 on Friday. Adams Natural Resources Fund, Inc. has a twelve month low of $19.85 and a twelve month high of $24.79. The stock’s fifty day simple moving average is $23.52 and its 200 day simple moving average is $23.34.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 22nd were given a dividend of $1.03 per share. The ex-dividend date of this dividend was Friday, November 22nd. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $4.12 annualized dividend and a yield of 19.55%.

Insider Activity

In other news, major shareholder Saba Capital Management, L.P. acquired 16,514 shares of Adams Natural Resources Fund stock in a transaction dated Thursday, September 26th. The shares were bought at an average cost of $22.85 per share, with a total value of $377,344.90. Following the purchase, the insider now owns 2,888,924 shares in the company, valued at $66,011,913.40. This trade represents a 0.57 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Profile

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.