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Saba Capital Management, L.P., a ten percent owner of ADAMS NATURAL RESOURCES FUND, INC. (NYSE:PEO), reported selling shares of common stock in two transactions on June 24 and June 25, 2025. The sales, which totaled $137,259, were executed at prices ranging from $21.41 to $21.57. The fund, currently valued at $565.38 million, stands out for its impressive 9.72% dividend yield and has maintained dividend payments for 54 consecutive years, according to InvestingPro data.
On June 24, Saba Capital sold 1,742 shares at a price of $21.57 per share. A subsequent sale on June 25 involved 4,656 shares at $21.41 per share. The stock is currently trading at $21.51, within its 52-week range of $18.34 to $24.79, with a P/E ratio of 18.39. For deeper insights and additional analysis, investors can access the comprehensive Pro Research Report available on InvestingPro.
Following these transactions, Saba Capital Management, L.P. directly owns 2,877,798 shares of Adams Natural Resources Fund, Inc.
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