Key Points
- Director Jane Musser Nelson purchased 1,010 shares of Adams Natural Resources Fund at an average price of $29.93, investing $30,229.30 and increasing her direct holdings by 32.32% to 4,135 shares.
- PEO opened at $30.46, with shares trading between a one-year low of $21.00 and high of $32.52; its 50-day and 200-day moving averages were $28.94 and $26.75, respectively.
- Institutional investors own 33.54% of the fund, with several major firms establishing new positions during the second quarter, including Diamond Hill Capital Management, Bank of New York Mellon, and UBS Asset Management.
Adams Natural Resources Fund, Inc. (NYSE:PEO - Get Free Report) Director Jane Musser Nelson bought 1,010 shares of Adams Natural Resources Fund stock in a transaction dated Wednesday, October 28th. The shares were bought at an average price of $29.93 per share, for a total transaction of $30,229.30. Following the completion of the transaction, the director directly owned 4,135 shares of the company's stock, valued at $123,760.55. This represents a 32.32% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link.
Adams Natural Resources Fund Price Performance
PEO opened at $30.46 on Friday. Adams Natural Resources Fund, Inc. has a one year low of $21.00 and a one year high of $32.52. The company's 50 day simple moving average is $28.94 and its 200-day simple moving average is $26.75.
Institutional Inflows and Outflows
Several large investors have recently bought and sold shares of the company. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Adams Natural Resources Fund in the 2nd quarter valued at $16,153,000. Bank of New York Mellon Corp acquired a new stake in shares of Adams Natural Resources Fund in the 2nd quarter valued at $14,657,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC acquired a new stake in shares of Adams Natural Resources Fund in the 2nd quarter valued at $8,515,000. S&CO Inc. acquired a new stake in shares of Adams Natural Resources Fund in the 2nd quarter valued at $2,743,000. Finally, Adams Diversified Equity Fund Inc. raised its position in shares of Adams Natural Resources Fund by 1.9% during the third quarter. Adams Diversified Equity Fund Inc. now owns 2,725,402 shares of the financial services provider's stock worth $75,030,000 after acquiring an additional 51,949 shares during the last quarter. Institutional investors and hedge funds own 33.54% of the company's stock.
About Adams Natural Resources Fund
(
Get Free Report)
Adams Natural Resources Fund (NYSE: PEO) is a diversified closed-end investment company focused on the energy and natural resources sectors. The fund seeks long-term capital appreciation and income by investing primarily in publicly traded companies involved in the exploration, production, processing, transportation and distribution of energy and other natural resources.
Its portfolio may include companies engaged in oil and natural gas, renewable and alternative energy, mining, metals, chemicals, utilities, equipment manufacturing and related services.
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