Saba Capital Management, L.P. Acquires 17,917 Shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) Stock

Adams Natural Resources Fund, Inc. (NYSE:PEO) major shareholder Saba Capital Management, L.P. bought 17,917 shares of Adams Natural Resources Fund stock in a transaction that occurred on Friday, July 5th. The shares were acquired at an average price of $23.61 per share, with a total value of $423,020.37. Following the completion of the transaction, the insider now owns 2,753,013 shares of the company’s stock, valued at $64,998,636.93. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Major shareholders that own 10% or more of a company’s stock are required to disclose their transactions with the SEC.

Saba Capital Management, L.P. also recently made the following trade(s):

• On Wednesday, July 3rd, Saba Capital Management, L.P. acquired 5,430 shares of Adams Natural Resources Fund stock. The stock was bought at an average price of $23.58 per share, for a total transaction of $128,039.40.
• On Monday, July 1st, Saba Capital Management, L.P. purchased 26,730 shares of Adams Natural Resources Fund stock. The stock was bought at an average cost of $23.59 per share, with a total value of $630,560.70.
• On Friday, June 28th, Saba Capital Management, L.P. acquired 23,459 shares of Adams Natural Resources Fund stock. The shares were bought at an average cost of $23.56 per share, with a total value of $552,694.04.
• On Wednesday, June 26th, Saba Capital Management, L.P. purchased 12,850 shares of Adams Natural Resources Fund stock. The shares were purchased at an average price of $23.35 per share, for a total transaction of $300,047.50.
• On Monday, June 24th, Saba Capital Management, L.P. acquired 12,081 shares of Adams Natural Resources Fund stock. The shares were purchased at an average price of $23.22 per share, for a total transaction of $280,520.82.
• On Monday, June 17th, Saba Capital Management, L.P. bought 30,234 shares of Adams Natural Resources Fund stock. The stock was purchased at an average price of $22.79 per share, with a total value of $689,032.86.
• On Friday, June 14th, Saba Capital Management, L.P. purchased 18,639 shares of Adams Natural Resources Fund stock. The shares were acquired at an average cost of $22.74 per share, for a total transaction of $423,850.86.

Adams Natural Resources Fund Stock Down 0.1 %

Shares of Adams Natural Resources Fund stock opened at $23.16 on Wednesday. The company has a fifty day moving average of $23.24 and a 200-day moving average of $22.30. Adams Natural Resources Fund, Inc. has a 52-week low of $19.78 and a 52-week high of $24.25.

Adams Natural Resources Fund Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, May 31st. Stockholders of record on Friday, May 17th were paid a dividend of $0.10 per share. The ex-dividend date of this dividend was Thursday, May 16th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 1.73%.

Institutional Investors Weigh In On Adams Natural Resources Fund

Hedge funds and other institutional investors have recently modified their holdings of the stock. Zazove Associates LLC bought a new position in Adams Natural Resources Fund during the 4th quarter worth approximately $37,000. Venturi Wealth Management LLC grew its holdings in shares of Adams Natural Resources Fund by 199.6% in the fourth quarter. Venturi Wealth Management LLC now owns 2,499 shares of the financial services provider’s stock worth $52,000 after purchasing an additional 1,665 shares during the last quarter. Vantage Financial Partners LLC purchased a new position in shares of Adams Natural Resources Fund in the first quarter worth $201,000. Flow State Investments L.P. bought a new stake in Adams Natural Resources Fund during the 4th quarter valued at $304,000. Finally, Alta Capital Management LLC purchased a new stake in Adams Natural Resources Fund during the 4th quarter valued at $413,000. Institutional investors 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.