Adams Natural Resources Fund Inc

Adams Natural Resources Fund, Inc. is a closed-end equity investment fund, which specializes in energy and natural resources stocks. Its objectives include the preservation of capital, attainment of reasonable income from investments, and an opportunity for capital appreciation. The company was founded in 1929 and is headquartered in Baltimore, MD.

BALTIMORE, Nov. 09, 2023 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) declared today a year-end distribution of $1.05 per share. The total distributions by the Fund for 2023 will be $1.35, including the distributions totaling $0.30 per share made prior to today's announcement. The annual distribution rate represented by these distributions is 6.2%.

Adams Natural Resources Fund Declares Year-End Distribution; Exceeds Its Annual 6% Minimum Distribution Rate Commitment

The Adams Natural Resources Fund is an equities closed-end fund focused on energy and materials equities. PEO aims for long-term capital appreciation rather than income, but fails to outperform a simple 80% energy / 20% materials portfolio. PEO doesn't effectively utilize CEF features like leverage or high dividend yields, which are common in CEFs.

PEO: You Are Better Off With An ETF Here (Rating Downgrade)

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For the second straight month, both equity (-3.12% on a NAV basis) and fixed income (-1.94%) CEFs on average suffered downside performance. At month end, 9% of all CEFs traded at a premium to their NAV, with 11% of equity CEFs and 8% of fixed income CEFs trading in premium territory. Energy MLP CEFs (-0.72%), for the second month in a row, mitigated losses better than the other classifications in the equity CEF universe for September.

The Month In Closed-End Funds: September 2023

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Oil has a long history of dramatic and rapid price volatility. Energy prices have a very direct top- and bottom-line impact on most energy companies, but not all.

You Can't Control Oil Prices, But You Can Control What You Do About Them

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18 out of 22 CEF sectors positive on price, and 11 out of 22 sectors positive on NAV last week. Saba files lawsuits against 16 CEFs, seeking to invalidate share control provisions. The battle is heating up.

Weekly Closed-End Fund Roundup: Saba Continues CEF Battles (July 2, 2023)

BALTIMORE, April 20, 2023 (GLOBE NEWSWIRE) -- Adams Funds, comprised of Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO), two of the nation's oldest closed-end funds, today announced the election of Christine M. Sloan as Treasurer, effective immediately.

Christine M. Sloan Elected Treasurer of Adams Diversified Equity Fund and Adams Natural Resources Fund

BALTIMORE, April 20, 2023 (GLOBE NEWSWIRE) -- Adams Funds, comprised of Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO), two of the nation's oldest closed-end funds, today announced that, after 10 years leading the Companies, Mark E. Stoeckle has retired. He served as Adams Funds' Chief Executive Officer since February 2013 and President of ADX since January 2015. He also led the Funds' Management Committee.

Adams Diversified Equity Fund and Adams Natural Resources Fund Announce Retirement of Mark E. Stoeckle

Energy Select Sector SPDR Fund

PEO, the Adams Natural Resources Fund (formerly Petroleum & Resources), is a closed-end fund that currently sells at a 15.8% discount to NAV. The problem here is that PEO has historically always traded at a substantial discount.

Energy Investors: Sell PEO, Buy XLE

BALTIMORE, Jan. 25, 2023 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced that Gregory W. Buckley has been elected Executive Vice President and a Portfolio Manager of the Fund effective upon CEO Mark Stoeckle's retirement in April.

Gregory Buckley Elected Executive Vice President and a Portfolio Manager of Adams Natural Resources Fund

BALTIMORE, Jan. 19, 2023 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund's investment returns for 2022. “In a difficult year for the broader market, significant exposure to energy generated a 44.9% return for our Fund,” said Mark Stoeckle, CEO of Adams Funds.

Adams Natural Resources Fund Announces 2022 Performance

PEO and BGR are the second and third-best performing funds on a total NAV return basis through the end of November. On a total share price return basis through the end of November, they've still done well, as the third and fourth best performing, respectively.

BGR And PEO: Big Oil Investments At Large Discounts

PEO is an Energy and Materials closed-end fund. The CEF has concentrated positions in Exxon and Chevron, which account for over 32% of the portfolio.

PEO: Energy CEF Flying Under The Radar, +31% YTD

BALTIMORE, Dec. 07, 2022 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) has determined that $21.40 per share is the issue price for the closed-end fund's year-end distribution to shareholders who have elected to receive all or a portion of the distribution in the form of stock. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on December 7, 2022.

Adams Natural Resources Fund Announces $21.40 Issue Price of Shares for Year-End Distribution Payable December 16, 2022

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For the first month in three, equity CEFs (+4.49%) on average witnessed plus-side returns, while their fixed income CEF cohorts (-5.07%) suffered a third month of declines in October. Only 17% of all CEFs traded at a premium to their NAV at month end, with 24% of equity CEFs and 11% of fixed income CEFs trading in premium territory.

The Month In Closed-End Funds: October 2022

PEO invests primarily in oil majors, but also has some other more specific industry exposure. They've put up reasonable results against their benchmarks.

PEO: Natural Resources Exposure, Significant Weighting In Oil Majors

BALTIMORE, Sept. 07, 2022 (GLOBE NEWSWIRE) -- Adams Funds, comprised of Adams Diversified Equity Fund, Inc. (NYSE: ADX) and Adams Natural Resources Fund, Inc. (NYSE: PEO), two of the nation's oldest closed-end funds, today announced that Mark E. Stoeckle will retire as Chief Executive Officer and that the Boards of Directors have appointed James P. Haynie to succeed him.

CEO Mark E. Stoeckle Announces Retirement Plan, Boards Elect James P.

BALTIMORE, July 21, 2022 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.10 per share from net investment income payable September 1, 2022, to shareholders of record August 18, 2022. This represents the third payment this year toward the Fund's annual 6% minimum distribution rate commitment. Details regarding the Fund's annual 6% minimum distribution rate commitment can be found at adamsfunds.com.

Adams Natural Resources Fund Announces First-Half Performance and Declares Distribution

BALTIMORE, April 21, 2022 (GLOBE NEWSWIRE) -- The Boards of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO) have elected Kenneth J. Dale to serve as the Non-Executive Chairperson of the Boards of Directors of both Funds, effective April 21, 2022.

Kenneth J. Dale Elected Board Non-Executive Chair of Adams Diversified Equity Fund and Adams Natural Resources Fund

PEO is a non-leveraged long-only equity CEF that invests across energy and materials sector stocks.

PEO: A Good Choice For Energy Bulls And Income Investors

BALTIMORE, Jan. 20, 2022 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) announces the Fund's investment returns for 2021. “In a year of strong performance in the Energy and Materials sectors, we were pleased to generate a 47.7% return in 2021, outperforming our benchmark,” said Mark Stoeckle, CEO of Adams Funds.

Adams Natural Resources Fund Announces 2021 Performance

BALTIMORE, Md., Dec. 09, 2021 (GLOBE NEWSWIRE) -- The Boards of Directors of Adams Diversified Equity Fund (NYSE: ADX) and Adams Natural Resources Fund (NYSE: PEO), two of the nation's oldest closed-end funds, announce the election of Jane Musser Nelson as an independent director of the Funds, effective December 9, 2021.

Jane Musser Nelson Joins the Boards of Directors of Adams Diversified Equity Fund and Adams Natural Resources Fund

BALTIMORE, Dec. 8, 2021 /PRNewswire/ -- Adams Natural Resources Fund, Inc. (NYSE: PEO) has determined that $16.73 per share is the issue price for the closed-end fund's year-end distribution to shareholders who have elected to receive all or a portion of the distribution in the form of stock. This price is the mean between the high and low sales prices of the Fund's stock on the New York Stock Exchange on December 8, 2021.

Adams Natural Resources Fund Announces $16.73 Issue Price of Shares for Year-End Distribution Payable December 17, 2021

Uneven dividend schedules not picked up by most brokerages' screeners.

Adams Funds: Unusual Dividend Policy Creates Short-Term Opportunity In Natural Resources And Diversified Equity Funds

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For the eleventh month in 12, equity CEFs on average witnessed plus-side returns, rising 3.48% on a NAV basis for October. While for the second consecutive month fixed income CEFs posted returns in the red (-0.14%).

The Month In Closed-End Funds: October 2021

BALTIMORE, July 15, 2021 /PRNewswire/ -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.10 per share from net investment income payable September 1, 2021, to shareholders of record August 18, 2021.  This represents the third payment this year toward the Fund's annual 6% minimum distribution rate commitment.

News for Adams Natural Resources Fund Inc ETF (PEO)