Stifel Financial Corp Boosts Stock Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Stifel Financial Corp grew its position in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 2.2% during the third quarter, Holdings Channel reports. The institutional investor owned 74,260 shares of the financial services provider’s stock after purchasing an additional 1,582 shares during the quarter. Stifel Financial Corp’s holdings in Adams Natural Resources Fund were worth $1,724,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also bought and sold shares of the company. Whitener Capital Management Inc. lifted 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 in the last quarter. Cullen Investment Group LTD. grew its position in shares of Adams Natural Resources Fund by 2.1% during 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 in the last quarter. D.A. Davidson & CO. raised its position in shares of Adams Natural Resources Fund by 1.1% in the third quarter. D.A. Davidson & CO. now owns 64,107 shares of the financial services provider’s stock worth $1,489,000 after buying an additional 715 shares in the last quarter. Northwestern Mutual Wealth Management Co. boosted its stake in Adams Natural Resources Fund by 241.1% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,283 shares during the period. Finally, Raymond James & Associates increased its stake in Adams Natural Resources Fund by 3.7% in the 3rd quarter. Raymond James & Associates now owns 216,439 shares of the financial services provider’s stock worth $5,026,000 after acquiring an additional 7,727 shares during the last quarter. Institutional investors own 33.54% of the company’s stock.

Insider Buying and Selling

In other news, major shareholder Saba Capital Management, L.P. bought 16,514 shares of the business’s stock in a transaction on Thursday, September 26th. The stock was acquired at an average price of $22.85 per share, with a total value of $377,344.90. Following the completion of the purchase, the insider now directly owns 2,888,924 shares in the company, valued at $66,011,913.40. This represents a 0.57 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. 0.06% of the stock is owned by company insiders.

Adams Natural Resources Fund Price Performance

Shares of NYSE PEO opened at $21.07 on Friday. Adams Natural Resources Fund, Inc. has a 12 month low of $19.85 and a 12 month high of $24.79. The business has a 50-day moving average of $23.52 and a 200-day moving average of $23.34.

Adams Natural Resources Fund Increases Dividend

The business also recently disclosed 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 an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. This represents a $4.12 dividend on an annualized basis and a dividend yield of 19.55%. The ex-dividend date of this dividend was Friday, November 22nd.

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.