Public Employees Retirement System of Ohio Acquires New Shares in Adams Natural Resources Fund, Inc. $PEO

Public Employees Retirement System of Ohio bought a new stake in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) during the second quarter, Holdings Channel.com reports. The fund bought 19,697 shares of the financial services provider’s stock, valued at approximately $909,000.

Several other hedge funds also recently made changes to their positions in the stock. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in Adams Natural Resources Fund during the 2nd quarter valued at about $16,153,000. S&CO Inc. purchased a new position in Adams Natural Resources Fund during the second quarter valued at approximately $2,743,000. Bank of New York Mellon Corp purchased a new position in Adams Natural Resources Fund during the second quarter valued at approximately $14,657,000. Redwood Investment Management LLC purchased a new stake in Adams Natural Resources Fund in the 2nd quarter worth approximately $1,162,000. Finally, Ancora Advisors LLC bought a new stake in Adams Natural Resources Fund during the second quarter valued at $1,370,000. 33.54% of the stock is currently owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Stock Performance

Shares of NYSE PEO opened at $29.50 on Thursday. The stock’s 50-day simple moving average is $27.23 and its two-hundred day simple moving average is $26.55. Adams Natural Resources Fund, Inc. has a twelve month low of $20.75 and a twelve month high of $29.63.

Adams Natural Resources Fund Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, August 26th. Investors of record on Monday, July 27th were paid a $0.54 dividend. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.52. This represents a $2.16 dividend on an annualized basis and a yield of 7.3%. The ex-dividend date of this dividend was Monday, July 27th.

Adams Natural Resources Fund Profile

Adams Natural Resources Fund (NYSE: PEO) is a closed-end management investment company that seeks total return through a combination of capital appreciation and current income. Listed on the New York Stock Exchange, the fund offers investors a way to access a diversified portfolio of companies engaged in the natural resources and energy sectors without investing directly in individual stocks or commodities.

The fund primarily invests in equity securities, including common and preferred stocks, of companies involved in exploration, production, processing, and distribution of oil, natural gas, coal and alternative energy sources.