Pathstone Holdings LLC Has $6.77 Million Stake in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Pathstone Holdings LLC lifted its stake in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 149.9% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 291,504 shares of the financial services provider’s stock after purchasing an additional 174,866 shares during the period. Pathstone Holdings LLC’s holdings in Adams Natural Resources Fund were worth $6,771,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PEO. Adams Diversified Equity Fund Inc. boosted its position in Adams Natural Resources Fund by 2.4% in the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider’s stock valued at $51,982,000 after buying an additional 51,905 shares during the last quarter. Raymond James & Associates increased its position in 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 during the period. Whitener Capital Management Inc. raised its holdings in Adams Natural Resources Fund by 0.7% during the 3rd quarter. Whitener Capital Management Inc. now owns 74,478 shares of the financial services provider’s stock worth $1,729,000 after purchasing an additional 531 shares during the last quarter. Blue Bell Private Wealth Management LLC lifted its position in Adams Natural Resources Fund by 25.6% during the 2nd quarter. Blue Bell Private Wealth Management LLC now owns 51,918 shares of the financial services provider’s stock valued at $1,226,000 after purchasing an additional 10,593 shares during the period. Finally, Cullen Investment Group LTD. boosted its stake 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 last quarter. Institutional investors own 33.54% of the company’s stock.

Insider Transactions at Adams Natural Resources Fund

In other news, major shareholder Saba Capital Management, L.P. acquired 16,514 shares of Adams Natural Resources Fund stock in a transaction that occurred on Thursday, September 26th. The shares were acquired at an average price of $22.85 per share, with a total value of $377,344.90. Following the purchase, the insider now directly owns 2,888,924 shares of the company’s stock, valued at $66,011,913.40. The trade was a 0.57 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have purchased 42,045 shares of company stock worth $953,608 in the last three months. Insiders own 0.06% of the company’s stock.

Adams Natural Resources Fund Price Performance

PEO opened at $23.89 on Friday. Adams Natural Resources Fund, Inc. has a fifty-two week low of $19.78 and a fifty-two week high of $24.79. The firm has a 50 day simple moving average of $23.76 and a 200 day simple moving average of $23.41.

Adams Natural Resources Fund Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, December 19th. Stockholders of record on Friday, November 22nd will be paid a $1.03 dividend. The ex-dividend date is Friday, November 22nd. This represents a $4.12 dividend on an annualized basis and a dividend yield of 17.25%. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16.

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.