U.S. stock futures slip lower on waning rate cut bets; Applied Materials falls
Saba Capital Management, L.P., a ten percent owner of ADAMS NATURAL RESOURCES FUND, INC. (NYSE:PEO), sold 11,388 shares of common stock on October 30, 2025, according to a Form 4 filing with the Securities and Exchange Commission. The shares were sold at a price of $21.52, totaling $245,069. The transaction occurred near PEO’s current trading price of $21.35, with the stock showing low volatility with a beta of 0.62, according to InvestingPro data.
Following the transaction, Saba Capital Management, L.P. directly owns 2,675,936 shares of Adams Natural Resources Fund, Inc. The fund, with a market capitalization of $574 million, offers a substantial 9.51% dividend yield and has maintained dividend payments for 54 consecutive years despite not being profitable over the last twelve months. InvestingPro identifies additional insights among its comprehensive analysis of 1,400+ US equities in its Pro Research Reports.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.