Adams Natural Resources Fund (NYSE:PEO) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Adams Natural Resources Fund, Inc. (NYSE:PEO) shares passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $22.31 and traded as low as $22.09. Adams Natural Resources Fund shares last traded at $22.32, with a volume of 51,000 shares changing hands.

Adams Natural Resources Fund Stock Up 1.4 %

The company has a 50 day simple moving average of $22.31 and a 200-day simple moving average of $23.06.

Adams Natural Resources Fund Increases Dividend

The company also recently declared a — dividend, which will be paid on Wednesday, February 26th. Shareholders of record on Monday, January 27th will be paid a $0.53 dividend. This is an increase from Adams Natural Resources Fund’s previous — dividend of $0.16. The ex-dividend date of this dividend is Monday, January 27th. 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 that occurred on Wednesday, January 22nd. The shares were acquired at an average price of $23.30 per share, with a total value of $33,785.00. Following the completion of the transaction, the vice president now owns 17,604 shares in the company, valued at $410,173.20. The trade was a 8.98 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.06% of the stock is owned by company insiders.

Institutional Trading of Adams Natural Resources Fund

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Whitener Capital Management Inc. increased its position in shares of Adams Natural Resources Fund by 0.7% in the third quarter. Whitener Capital Management Inc. now owns 74,478 shares of the financial services provider’s stock valued at $1,729,000 after acquiring an additional 531 shares during the last quarter. Cullen Investment Group LTD. grew its holdings in Adams Natural Resources Fund by 1.9% during the fourth 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. Moors & Cabot Inc. grew its holdings in Adams Natural Resources Fund by 4.6% during the fourth quarter. Moors & Cabot Inc. now owns 15,298 shares of the financial services provider’s stock worth $333,000 after purchasing an additional 669 shares during the period. D.A. Davidson & CO. grew its holdings in Adams Natural Resources Fund by 1.1% during the third quarter. D.A. Davidson & CO. now owns 64,107 shares of the financial services provider’s stock worth $1,489,000 after purchasing an additional 715 shares during the period. Finally, Kovack Advisors Inc. grew its holdings in Adams Natural Resources Fund by 4.6% during the fourth quarter. Kovack Advisors Inc. now owns 22,740 shares of the financial services provider’s stock worth $494,000 after purchasing an additional 991 shares during the period. Institutional investors and hedge funds own 33.54% of the company’s stock.

About Adams Natural Resources Fund

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.