Adams Natural Resources Fund Inc (NYSE:PEO) shares hit a new 52-week low during trading on Thursday . The stock traded as low as $15.96 and last traded at $16.04, with a volume of 1456 shares trading hands. The stock had previously closed at $16.52.
The company also recently disclosed a special dividend, which will be paid on Friday, December 21st. Shareholders of record on Monday, November 26th will be given a dividend of $0.35 per share. This is an increase from Adams Natural Resources Fund’s previous special dividend of $0.02. This represents a yield of 3.87%. The ex-dividend date is Friday, November 23rd.
In other Adams Natural Resources Fund news, Director Frederic A. Escherich sold 2,000 shares of the business’s stock in a transaction that occurred on Thursday, November 1st. The shares were sold at an average price of $17.60, for a total transaction of $35,200.00. Following the completion of the transaction, the director now directly owns 10,705 shares in the company, valued at $188,408. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.19% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. D.A. Davidson & CO. increased its holdings in shares of Adams Natural Resources Fund by 10.9% during the second quarter. D.A. Davidson & CO. now owns 30,904 shares of the financial services provider’s stock worth $621,000 after buying an additional 3,040 shares in the last quarter. Wells Fargo & Company MN increased its holdings in shares of Adams Natural Resources Fund by 6.6% during the third quarter. Wells Fargo & Company MN now owns 53,031 shares of the financial services provider’s stock worth $1,057,000 after buying an additional 3,267 shares in the last quarter. Advisors Asset Management Inc. acquired a new position in shares of Adams Natural Resources Fund during the second quarter worth $321,000. Morgan Stanley increased its holdings in shares of Adams Natural Resources Fund by 0.8% during the third quarter. Morgan Stanley now owns 518,460 shares of the financial services provider’s stock worth $10,338,000 after buying an additional 4,078 shares in the last quarter. Finally, Doliver Capital Advisors LP increased its holdings in shares of Adams Natural Resources Fund by 11.4% during the third quarter. Doliver Capital Advisors LP now owns 40,590 shares of the financial services provider’s stock worth $809,000 after buying an additional 4,140 shares in the last quarter. Institutional investors own 22.76% of the company’s stock.
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Adams Natural Resources Fund Company Profile (NYSE:PEO)
Adams Natural Resources Fund, Inc is a self-managed investment trust. The firm invests in the public equity markets across the globe. 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.
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