Raymond James Financial Services Advisors Inc. reduced its position in shares of Adams Natural Resources Fund Inc (NYSE:PEO) by 13.4% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,709 shares of the financial services provider’s stock after selling 5,376 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.12% of Adams Natural Resources Fund worth $682,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEO. HL Financial Services LLC increased its holdings in shares of Adams Natural Resources Fund by 0.8% in the second quarter. HL Financial Services LLC now owns 48,334 shares of the financial services provider’s stock valued at $904,000 after purchasing an additional 386 shares during the last quarter. Royal Bank of Canada increased its holdings in shares of Adams Natural Resources Fund by 1.9% in the second quarter. Royal Bank of Canada now owns 212,726 shares of the financial services provider’s stock valued at $3,978,000 after purchasing an additional 3,897 shares during the last quarter. Deschutes Portfolio Strategy LLC increased its holdings in shares of Adams Natural Resources Fund by 1.5% in the second quarter. Deschutes Portfolio Strategy LLC now owns 350,400 shares of the financial services provider’s stock valued at $6,552,000 after purchasing an additional 5,100 shares during the last quarter. D.A. Davidson & CO. increased its holdings in shares of Adams Natural Resources Fund by 27.7% in the second quarter. D.A. Davidson & CO. now owns 26,476 shares of the financial services provider’s stock valued at $495,000 after purchasing an additional 5,741 shares during the last quarter. Finally, Doliver Capital Advisors LP increased its holdings in shares of Adams Natural Resources Fund by 109.7% in the second quarter. Doliver Capital Advisors LP now owns 49,591 shares of the financial services provider’s stock valued at $927,000 after purchasing an additional 25,948 shares during the last quarter. 22.08% of the stock is currently owned by hedge funds and other institutional investors.

Adams Natural Resources Fund Inc (NYSE:PEO) traded up $0.03 during trading hours on Tuesday, hitting $19.02. 63,700 shares of the company’s stock traded hands, compared to its average volume of 73,152. Adams Natural Resources Fund Inc has a 12-month low of $16.90 and a 12-month high of $20.82.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, December 20th. Shareholders of record on Wednesday, November 22nd will be issued a $0.20 dividend. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.10. This represents a $0.80 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Tuesday, November 21st.

In related news, Director Lauriann C. Kloppenburg acquired 1,500 shares of the firm’s stock in a transaction on Wednesday, October 18th. The shares were purchased at an average cost of $19.62 per share, for a total transaction of $29,430.00. Following the completion of the acquisition, the director now directly owns 1,500 shares in the company, valued at $29,430. The purchase was disclosed in a filing with the SEC, which is available at this link. 0.49% of the stock is owned by insiders.

Separately, National Bank Financial reiterated an “outperform” rating and issued a C$8.00 price objective on shares of Adams Natural Resources Fund in a report on Wednesday, September 6th.

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About Adams Natural Resources Fund

Adams Natural Resources Fund, Inc (the Fund) is a non-diversified closed-end investment company. The investment objectives of the Fund are preservation of capital, the attainment of reasonable income from investments and an opportunity for capital appreciation. The Fund specializes in energy and other natural resources stocks.

Institutional Ownership by Quarter for Adams Natural Resources Fund (NYSE:PEO)

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