Cullen Investment Group LTD. Has $626,000 Stock Position in Adams Natural Resources Fund, Inc. (NYSE:PEO)

Cullen Investment Group LTD. raised its holdings in shares of Adams Natural Resources Fund, Inc. (NYSE:PEO) by 1.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,786 shares of the financial services provider’s stock after acquiring an additional 546 shares during the quarter. Cullen Investment Group LTD. owned approximately 0.11% of Adams Natural Resources Fund worth $626,000 at the end of the most recent quarter.

A number of other large investors also recently made changes to their positions in the business. Northwestern Mutual Wealth Management Co. grew its stake in shares of Adams Natural Resources Fund by 241.1% in the 2nd quarter. Northwestern Mutual Wealth Management Co. now owns 3,230 shares of the financial services provider’s stock valued at $76,000 after buying an additional 2,283 shares in the last quarter. Raymond James & Associates grew its position in Adams Natural Resources Fund by 3.7% in the third quarter. Raymond James & Associates now owns 216,439 shares of the financial services provider’s stock worth $5,026,000 after acquiring an additional 7,727 shares in the last quarter. Adams Diversified Equity Fund Inc. increased its stake in shares of Adams Natural Resources Fund by 2.4% during the 3rd quarter. Adams Diversified Equity Fund Inc. now owns 2,238,679 shares of the financial services provider’s stock worth $51,982,000 after purchasing an additional 51,905 shares during the last quarter. Whitener Capital Management Inc. raised its holdings 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 in the last quarter. Finally, Wolverine Asset Management LLC boosted its holdings in Adams Natural Resources Fund by 1,206.2% in the third quarter. Wolverine Asset Management LLC now owns 24,086 shares of the financial services provider’s stock worth $559,000 after purchasing an additional 22,242 shares in the last quarter. Institutional investors and hedge funds own 33.54% of the company’s stock.

Adams Natural Resources Fund Price Performance

Shares of NYSE PEO opened at $23.06 on Tuesday. The business’s 50-day simple moving average is $22.87 and its 200-day simple moving average is $23.20. Adams Natural Resources Fund, Inc. has a 52 week low of $19.85 and a 52 week high of $24.79.

Adams Natural Resources Fund Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, December 19th. Investors of record on Friday, November 22nd were paid a dividend of $1.03 per share. This is an increase from Adams Natural Resources Fund’s previous quarterly dividend of $0.16. The ex-dividend date was Friday, November 22nd. This represents a $4.12 annualized dividend and a yield of 17.87%.

Adams Natural Resources Fund 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.