Adams Natural Resources Fund (NYSE:PEO) Stock Passes Below 200-Day Moving Average – Should You Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEO)’s stock price crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of $23.23 and traded as low as $21.27. Adams Natural Resources Fund shares last traded at $21.74, with a volume of 53,830 shares changing hands.

Adams Natural Resources Fund Stock Performance

The firm’s 50 day moving average is $23.05 and its 200-day moving average is $23.23.

Adams Natural Resources Fund Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 22nd were paid a dividend of $1.03 per share. The ex-dividend date was Friday, November 22nd. This is a boost from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $4.12 annualized dividend and a yield of 18.95%.

Institutional Investors Weigh In On Adams Natural Resources Fund

Institutional investors have recently modified their holdings of the business. Blue Bell Private Wealth Management LLC grew its position in Adams Natural Resources Fund by 25.6% in the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 51,918 shares of the financial services provider’s stock worth $1,226,000 after purchasing an additional 10,593 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Adams Natural Resources Fund by 241.1% during the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock valued at $76,000 after acquiring an additional 2,283 shares in the last quarter. Cullen Investment Group LTD. increased its holdings in shares of Adams Natural Resources Fund by 2.1% in the 3rd quarter. Cullen Investment Group LTD. now owns 28,240 shares of the financial services provider’s stock valued at $656,000 after purchasing an additional 580 shares during the period. Raymond James & Associates lifted its position in shares of Adams Natural Resources Fund by 3.7% in the third quarter. Raymond James & Associates now owns 216,439 shares of the financial services provider’s stock worth $5,026,000 after purchasing an additional 7,727 shares in the last quarter. Finally, Adams Diversified Equity Fund Inc. boosted its holdings in shares of Adams Natural Resources Fund by 2.4% during the third 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 during the period. Institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Company 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.