Adams Natural Resources Fund, Inc. (NYSE:PEO) Shares Sold by Whitener Capital Management Inc.

Whitener Capital Management Inc. lessened its position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 2.2% during the 4th quarter, Holdings Channel reports. The institutional investor owned 72,867 shares of the financial services provider’s stock after selling 1,611 shares during the period. Whitener Capital Management Inc.’s holdings in Adams Natural Resources Fund were worth $1,584,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEO. Cullen Investment Group LTD. raised its holdings in Adams Natural Resources Fund by 1.9% in the 4th quarter. Cullen Investment Group LTD. now owns 28,786 shares of the financial services provider’s stock worth $626,000 after purchasing an additional 546 shares during the period. City State Bank purchased a new position in Adams Natural Resources Fund during the fourth quarter valued at $25,000. Sanctuary Advisors LLC acquired a new stake in shares of Adams Natural Resources Fund in the third quarter valued at about $590,000. Stifel Financial Corp increased its stake in shares of Adams Natural Resources Fund by 2.2% during the third quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider’s stock worth $1,724,000 after purchasing an additional 1,582 shares in the last quarter. Finally, Capstone Investment Advisors LLC acquired a new stake in Adams Natural Resources Fund in the 3rd quarter worth about $1,247,000. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Stock Performance

NYSE PEO opened at $23.80 on Friday. The stock’s 50 day simple moving average is $22.81 and its 200-day simple moving average is $23.20. Adams Natural Resources Fund, Inc. has a 1-year low of $19.85 and a 1-year high of $24.79.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Stockholders of record on Friday, November 22nd were issued a dividend of $1.03 per share. This is a positive change from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, November 22nd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 17.31%.

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.