Adams Natural Resources Fund, INC.: insider trades · United States · SEC (Form 4)

About Adams Natural Resources Fund, INC.

Adams Natural Resources Fund, Inc. (NYSE: PEO) is a U.S.-listed closed-end fund based in Baltimore, Maryland, focused on energy and natural resources equities. For international investors, it should be viewed less as an operating company and more as a publicly traded investment vehicle designed to participate in long-term demand for energy and materials while distributing income and capital gains to shareholders. The fund is listed on the NYSE in the United States and is registered under the Investment Company Act of 1940. ([adamsfunds.com](https://adamsfunds.com/funds/natural-resources/?utm_source=openai)) The fund’s history dates back to 1929, when it was incorporated as Petroleum Corporation of America. It later became Petroleum & Resources Corporation in 1977 and adopted the current name, Adams Natural Resources Fund, Inc., in March 2015 as part of the broader Adams Funds branding initiative. That heritage matters: the fund highlights nearly a century of market history and positions itself as one of the oldest closed-end funds specializing in energy-related equities. ([adamsfunds.com](https://adamsfunds.com/about/history/?utm_source=openai)) PEO’s core mandate is to invest primarily in companies tied to energy and natural resources, with an emphasis on delivering total return over time. The strategy is straightforward but specialized: the portfolio is built around publicly traded resource businesses that can benefit from commodity demand, energy infrastructure, and related industrial themes. The fund states that it seeks to outperform its benchmark while consistently distributing dividend income and realized gains. Its investment philosophy focuses on high-quality companies, attractive valuations, and disciplined risk management rather than a broad market approach. ([adamsfunds.com](https://adamsfunds.com/funds/natural-resources/?utm_source=openai)) In competitive terms, PEO differentiates itself through its closed-end structure, long operating history, and shareholder payout policy. Adams Funds emphasizes a minimum annual distribution rate of 8% of net asset value, paid quarterly, which makes the fund relevant for income-oriented investors. As of March 31, 2026, the fund reported approximately $868.4 million in net assets, 54 portfolio holdings, and a high domestic weighting, reinforcing its focused U.S. resource exposure. ([adamsfunds.com](https://adamsfunds.com/funds/natural-resources/?utm_source=openai)) The portfolio is predominantly U.S.-oriented, and the fund’s shares trade at a market price that can differ from NAV, a standard but important feature of closed-end funds. That discount/premium dynamic is part of PEO’s market profile and can materially influence investor returns independent of underlying portfolio performance. The fund’s corporate headquarters are in Baltimore, Maryland, which remains the operational center for Adams Funds. ([adamsfunds.com](https://adamsfunds.com/funds/natural-resources/?utm_source=openai)) Recent highlights include continued quarterly distributions through 2025 and 2026, a first-half 2025 performance update released in July 2025, and ongoing shareholder-value initiatives, including distribution policy updates and capital management actions. Overall, PEO is best understood as a specialized U.S. energy and natural resources closed-end fund with a long record, an income-focused mandate, and exposure to the cyclical dynamics of the commodity and energy markets. ([adamsfunds.com](https://www.adamsfunds.com/news/adams-natural-resources-fund-announces-first-half-2025-performance/?utm_source=openai))