STOCK TITAN

Adams Natural Resources Fund, Inc. - PEO STOCK NEWS

Welcome to our dedicated page for Adams Natural Resources Fund news (Ticker: PEO), a resource for investors and traders seeking the latest updates and insights on Adams Natural Resources Fund stock.

Adams Natural Resources Fund, Inc. (NYSE: PEO) is a closed-end equity investment company with a rich history dating back to 1929. Specializing in energy and natural resources stocks, PEO aims to preserve capital, generate reasonable income from investments, and provide opportunities for capital appreciation. The Fund is part of Adams Funds, which also includes Adams Diversified Equity Fund, Inc. (NYSE: ADX).

Adams Natural Resources Fund is managed by an experienced team that employs a disciplined approach to identify investment opportunities and manage risk prudently. The Fund's portfolio is diversified across several sectors, predominantly focusing on energy and basic materials. As of the latest reports, the Fund has delivered impressive returns. For the twelve months ended September 30th, the total return on its net asset value (NAV), including dividends and capital gains reinvested, was 29.3%, outperforming its benchmark's return of 28.2%.

An essential feature of Adams Natural Resources Fund is its commitment to consistent income for its investors. The Fund has paid dividends and capital gains distributions for over 85 years, maintaining an annual distribution rate of at least 6%. In 2023, the Fund announced an annual distribution rate of 6.2%, emphasizing its dedication to providing dependable income regardless of market conditions.

Recent developments include the introduction of an 8% annual rate managed distribution policy, starting from the third quarter of 2024. This policy aims to provide regular and predictable distributions, enhancing the value proposition for shareholders. The distributions will be based on the Fund's average NAV, with a minimum of 2% distributed each quarter.

PEO's performance and policies underscore its long-term commitment to its shareholders. The Fund has consistently helped generations of investors achieve their financial goals through disciplined management and stable distributions. Shares of Adams Natural Resources Fund can be purchased through brokers or the Fund’s transfer agent.

About Adams Funds
Since 1929, Adams Funds has been dedicated to helping investors reach their goals. Adams Funds manages two closed-end funds, ADX and PEO, with a focus on disciplined investment strategies and reliable income for shareholders. For more information, please visit the official website or contact the Fund directly.

Rhea-AI Summary
Adams Natural Resources Fund, Inc. (NYSE: PEO) declared a year-end distribution of $1.05 per share, totaling $1.35 for 2023, representing a 6.2% annual distribution rate. The distribution includes $0.40 per share from 2023 net investment income and $0.65 per share from net capital gains. This marks the 72nd consecutive year of capital gains payouts and the 89th consecutive year of dividend payouts. The payable date is December 15, 2023, with the record date on November 20, 2023, and the ex-dividend date on November 17, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.19%
Tags
none
-
Rhea-AI Summary
Adams Natural Resources Fund reports 6.3% total return on net asset value for the nine months ended September 30th
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.06%
Tags
none
-
Rhea-AI Summary
Adams Diversified Equity Fund declares distribution of $.05 per share from net investment income. First half performance shows a total return of 15.8% on net asset value. Semi-Annual Report to Shareholders expected on July 27, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
Rhea-AI Summary
Adams Natural Resources Fund declares distribution of $.10 per share from net investment income. First half performance shows total return on net asset value of -3.1%. Annualized comparative returns for the Fund are 19.1% (NAV) and 15.2% (market price) for the twelve months ended June 30, 2023. The Fund's net asset value at June 30, 2023, was $24.81 per share. Exxon Mobil Corporation is the largest equity portfolio holding at 23.1%.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.12%
Tags
none
-
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
none
-
Rhea-AI Summary

The Board of Directors of Adams Natural Resources Fund (NYSE: PEO) declared a $0.10 per share distribution from net investment income, payable on June 1, 2023. This is the second payment towards the Fund's 6% annual minimum distribution rate for the year. For the first quarter ended March 31, 2023, the Fund reported a total return of -2.8% on net asset value, compared to -3.2% for its benchmark. The total return on market price was -5.3%. On an annual basis, the net asset value return was 10.2%, slightly outperforming the benchmark at 9.8%. The Fund's net assets have increased to $627.2 million from $598 million year-on-year, with shares outstanding rising to 25.08 million.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.85%
Tags
none
Rhea-AI Summary

Adams Funds, comprising Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO), announced the retirement of CEO Mark E. Stoeckle after a decade of leadership. He served as CEO since February 2013 and will remain on the Boards of Directors. Stoeckle previously enjoyed a 32-year career in financial services, including positions at BNP Paribas and Bear, Stearns & Co. His successor, James P. Haynie, has been appointed as the new CEO effective immediately. Chairman Kenneth J. Dale praised Stoeckle's contributions, particularly during challenging market conditions and the pandemic. Adams Funds, established in 1929, focuses on achieving a 6% annual distribution rate to provide reliable income to its investors.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.19%
Tags
none
-
Rhea-AI Summary

On January 25, 2023, Adams Natural Resources Fund (NYSE: PEO) announced the election of Gregory W. Buckley as Executive Vice President and Portfolio Manager, effective upon the retirement of CEO Mark Stoeckle in April. Buckley, who joined the fund in 2013 as a senior equity analyst, has held the position of Vice President-Research since 2015 and has extensive experience in the energy and utilities sectors. He previously worked with BNP Paribas and Citadel LLC, and holds degrees from Villanova University and the University of North Carolina. Adams Natural Resources Fund is recognized as a leading closed-end fund specializing in energy and natural resources.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.39%
Tags
none
-
Rhea-AI Summary

Adams Natural Resources Fund (NYSE: PEO) reported a 44.9% return for 2022, outperforming the S&P 500 Energy Sector at 65.7% but trailing its benchmark return of 45.4%. The fund's market price return was 42.2%. Shareholders received $1.63 per share in income dividends, resulting in an 8.1% annual distribution rate, surpassing its 6.0% minimum commitment. The net asset value (NAV) rose to $651.34 million, with 25.19 million shares outstanding, reflecting a NAV per share of $25.85, up from $19.22 the previous year. The 2022 Annual Report will be published around February 15, 2023.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.17%
Tags
none
Rhea-AI Summary
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.17%
Tags
none

FAQ

What is the current stock price of Adams Natural Resources Fund (PEO)?

The current stock price of Adams Natural Resources Fund (PEO) is $23.89 as of November 22, 2024.

What is the market cap of Adams Natural Resources Fund (PEO)?

The market cap of Adams Natural Resources Fund (PEO) is approximately 608.1M.

What is Adams Natural Resources Fund, Inc.?

Adams Natural Resources Fund, Inc. (NYSE: PEO) is a closed-end equity investment company specializing in energy and natural resources stocks.

What are the investment objectives of the Fund?

The Fund aims to preserve capital, generate reasonable income from investments, and provide opportunities for capital appreciation.

How long has Adams Natural Resources Fund been paying dividends?

The Fund has been paying dividends and capital gains distributions for over 85 years.

What is the Fund's annual distribution rate?

The Fund has committed to an annual distribution rate of at least 6%. For 2023, the distribution rate was 6.2%.

What is the new managed distribution policy?

Starting from the third quarter of 2024, the Fund will implement an 8% annual rate managed distribution policy to provide regular and predictable distributions.

How are the Fund's investments managed?

The Fund is managed by an experienced team that employs a disciplined approach to identify investment opportunities and manage risk.

What sectors does the Fund invest in?

The Fund's portfolio includes investments in the energy sector and basic materials.

How has the Fund performed recently?

For the twelve months ended September 30th, the Fund achieved a total return of 29.3% on its net asset value, outperforming its benchmark's return of 28.2%.

Who manages Adams Natural Resources Fund?

The Fund is managed by Adams Funds, which also includes Adams Diversified Equity Fund, Inc. (NYSE: ADX).

How can I invest in Adams Natural Resources Fund?

Shares can be purchased through brokers or the Fund’s transfer agent.

Adams Natural Resources Fund, Inc.

NYSE:PEO

PEO Rankings

PEO Stock Data

608.06M
25.51M
0.5%
38.96%
1.56%
Asset Management
Financial Services
Link
United States of America
Baltimore