Adams Natural Resources Fund (PEO) Stock

BALTIMORE, Nov. 14, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) declared today a year-end distribution of $1.03 per share. The total distributions by the Fund for 2024 will be $1.77, including the distributions totaling $0.74 per share made in 2024 prior to today's announcement. The annual distribution rate represented by these distributions is 6.7%.

Adams Natural Resources Fund (PEO) trades at a meaningful discount to NAV, offering a discount on energy exposure, with a specific concentration in major oil companies like Exxon and Chevron. PEO's announced a new distribution policy of 2% average NAV quarterly payouts earlier this year, helping to reduce the fund's discount as it is smoothing income for investors. The concentration in the portfolio exposure may concern some investors, but the fund is actually more diversified when compared to its ETF peer, XLE.

Adams Natural Resources Fund offers concentrated exposure to large energy companies, with a consistent distribution policy and a low expense ratio of 0.6%. PEO trades at a discount to NAV, with potential for tightening due to improved distribution policies and activist investor Saba Capital's involvement. Despite past underperformance, PEO has outperformed its benchmarks over the last five years, and the energy sector outlook appears more promising.

There has been significant recent buying from closed-end fund activist Saba Capital. PEO recently implemented an 8% managed distribution policy, providing higher distributions on a quarterly basis. The fund has a 9.5% annual distribution yield and a 13.4% discount to NAV.

BALTIMORE, July 18, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of Adams Natural Resources Fund, Inc. (NYSE: PEO) today declared a distribution of $.54 per share, payable August 30, 2024, in newly issued shares unless shareholders elect to receive cash, to shareholders of record August 5, 2024. This distribution represents the initial payment under the Fund's Managed Distribution Policy to pay at least 2% of average net asset value each quarter. You should not draw any conclusions about the Fund's investment performance from the amount of the current distribution or from the terms of the Fund's MDP.

Adams Natural Resources Fund is undervalued, trading at a 14% discount to NAV, with a yield over 6%. The fund primarily invests in energy and natural resource stocks, providing diversification and reduced risks. The demand for energy, particularly from fossil fuels, is expected to increase due to AI, data centers, and global population growth.

BALTIMORE, May 24, 2024 (GLOBE NEWSWIRE) -- Adams Natural Resources Fund, Inc. (NYSE: PEO) today announced an initiative reflecting our ongoing commitment to long-term shareholder value creation – the implementation of a managed distribution policy (“Policy”) that will provide a higher annual distribution rate more evenly on a quarterly basis throughout the year. This initiative underscores our dedication to delivering long-term value, competitive performance, and stable, consistent distributions to our valued shareholders.

Adams Natural Resources Fund provides exposure to the world's largest energy companies at a discount. The fund provides a regular quarterly distribution along with a larger year-end distribution to meet its minimum 6% distribution policy. PEO puts an emphasis on a fairly narrow portfolio, with Exxon Mobil and Chevron as top holdings in significant allocations.

PEO invests across energy and materials sector stocks. The fund has outperformed sector benchmarks over the past 5 years. PEO's diversified exposure sector large-caps are well-positioned to benefit from a pricing rebound in natural resources.