Fifth Third Bancorp Cuts Stock Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Fifth Third Bancorp lessened its holdings in Adams Natural Resources Fund, Inc. (NYSE:PEO) by 30.3% during the 4th quarter, HoldingsChannel reports. The firm owned 4,310 shares of the financial services provider’s stock after selling 1,876 shares during the period. Fifth Third Bancorp’s holdings in Adams Natural Resources Fund were worth $94,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PEO. Adams Diversified Equity Fund Inc. grew its position in Adams Natural Resources Fund by 2.4% in the third quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider’s stock worth $51,982,000 after acquiring an additional 51,905 shares in the last quarter. Pathstone Holdings LLC lifted its stake in shares of Adams Natural Resources Fund by 149.9% in the 3rd quarter. Pathstone Holdings LLC now owns 291,504 shares of the financial services provider’s stock valued at $6,771,000 after purchasing an additional 174,866 shares during the last quarter. Raymond James & Associates boosted its holdings in shares of 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 purchasing an additional 7,727 shares during the period. Whitener Capital Management Inc. increased its position in shares of 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 valued at $1,729,000 after purchasing an additional 531 shares during the last quarter. Finally, Stifel Financial Corp raised its holdings in Adams Natural Resources Fund by 2.2% during the 3rd quarter. Stifel Financial Corp now owns 74,260 shares of the financial services provider’s stock valued at $1,724,000 after buying an additional 1,582 shares during the period. Hedge funds and other institutional investors own 33.54% of the company’s stock.

Adams Natural Resources Fund Stock Down 2.6 %

NYSE PEO opened at $21.70 on Friday. Adams Natural Resources Fund, Inc. has a 52 week low of $20.29 and a 52 week high of $24.79. The company has a fifty day moving average of $22.50 and a two-hundred day moving average of $23.14.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, February 26th. Investors of record on Monday, January 27th will be paid a dividend of $0.53 per share. The ex-dividend date of this dividend is Monday, January 27th. This is a boost from Adams Natural Resources Fund’s previous — dividend of $0.16. This represents a dividend yield of 5.3%.

Insider Activity at Adams Natural Resources Fund

In related news, VP Gregory W. Buckley bought 1,450 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was purchased at an average cost of $23.30 per share, with a total value of $33,785.00. Following the completion of the purchase, the vice president now owns 17,604 shares of the company’s stock, valued at $410,173.20. This trade represents a 8.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 0.06% of the stock is currently owned by insiders.

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.