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No insider purchase over the last 90 days. The latest was filed 21 Oct 2024.
Adams Natural Resources Fund, Inc.: what insiders have been doing
This page follows insider dealings at Adams Natural Resources Fund, Inc. as filed with SEC (Form 4), a company from the Energy sector. 1 insider has disclosed 1 filing since 18 October 2025.
All open-market trades in the period are sales: 1 sale worth €211k, by 1 insider, with no purchase on record. At €211k, the sale published on 3 November 2025 by Saba Capital Management, L.P. is the largest of the period.
Sales are harder to read than purchases, since they often meet personal needs such as tax or diversification.
With 1 filing in twelve months, the company is quieter than the median of 19 filings across the 5,808 companies we follow on the same exchange. Our records for Adams Natural Resources Fund, Inc. go back to 2016, with 33 purchases and 15 sales on the open market in total.
Other companies in the same sector with recent insider buying flagged by our signals: RGC Resources Inc and Terawulf Inc. Every figure here comes from the filings published by SEC (Form 4) and describes the past, not future prices; it is not investment advice.
Insider Decl.
62
Thresholds
n/a
Buy Volume
€6M
33 ops. · all time
Sell Volume
€3M
15 ops. · all time
Who traded when
BuySaleSaba Capital Management, L.P.13 sales
Since the insiders bought
- -8.6%Entry US$23.68 · Close at T+365 US$21.64
- +9.6%Entry US$19.42 · Close at T+365 US$21.28
- +45.2%Entry US$14.86 · Close at T+365 US$21.58
Entry is the close on the day after publication, the first price a reader could act on. Prices in the listing currency. Past moves are not a forecast.
This score ranks the purchase within its own market. A position size is suggested only on the venues of the backtested strategy universe; elsewhere, signals stay on watch. Not investment advice.
Financial data
as of FY 2025FY ended December 2025 · cache
US$29.54
Analyst consensus
Income statement
RevenueUS$58.6M
Net incomeUS$54.8M781.7% margin
Valuation
PER (trailing)5.0x
P/Book1.1x
Beta0.43
Profitability & ownership
ROE23.1%
ROA1.5%
% insiders0.5%
% institutions39.2%
Last declaration on 3 November 2025
Declarations62 total
11,388 shares@ US$21.522.5% of flowCommon StockSEC:0001510281-25-000549:0
5,491 shares@ US$21.541.2% of flowCommon StockSEC:0001510281-25-000407:0
2,701 shares@ US$21.610.6% of flowCommon StockSEC:0001510281-25-000404:0
59,983 shares@ US$22.0213.2% of flowCommon StockSEC:0001510281-25-000400:0
23,569 shares@ US$21.725.1% of flowCommon StockSEC:0001510281-25-000399:0
14,464 shares@ US$21.653.2% of flowCommon StockSEC:0001510281-25-000395:0
13,709 shares@ US$21.763.0% of flowCommon StockSEC:0001510281-25-000391:0
14,733 shares@ US$21.803.3% of flowCommon StockSEC:0001510281-25-000387:0
7,903 shares@ US$21.701.7% of flowCommon StockSEC:0001510281-25-000371:0
459 shares@ US$21.540.1% of flowCommon StockSEC:0001510281-25-000366:0
1,742 shares@ US$21.570.4% of flowCommon StockSEC:0001510281-25-000363:0
2,396 shares@ US$22.110.5% of flowCommon StockSEC:0001510281-25-000358:0
2,401 shares@ US$22.060.5% of flowCommon StockSEC:0001510281-25-000357:0
1,100.62 shares0Common StockSEC:0000216851-25-000001:0
1,000 shares@ US$23.98100.0% of flowCommon StockSEC:0000216851-24-000007:0
Canonical exit: 16 Jan 2025 (T+90)
16,514 shares@ US$22.854.0% of flowCommon StockSEC:0001510281-24-000496:0
Canonical exit: 25 Dec 2024 (T+90)
7,751 shares@ US$21.761.8% of flowCommon StockSEC:0001510281-24-000463:0
Canonical exit: 10 Dec 2024 (T+90)
10,476 shares@ US$22.192.5% of flowCommon StockSEC:0001510281-24-000462:0
Canonical exit: 9 Dec 2024 (T+90)
326 shares@ US$22.360.1% of flowCommon StockSEC:0001510281-24-000461:0
Canonical exit: 4 Dec 2024 (T+90)
13,785 shares@ US$22.763.3% of flowCommon StockSEC:0001510281-24-000459:0
Canonical exit: 3 Dec 2024 (T+90)
100 shares@ US$22.980.0% of flowCommon StockSEC:0001510281-24-000456:0
Canonical exit: 26 Nov 2024 (T+90)
2,796 shares@ US$22.840.7% of flowCommon StockSEC:0001510281-24-000451:0
Canonical exit: 21 Nov 2024 (T+90)
11,058 shares@ US$22.702.7% of flowCommon StockSEC:0001510281-24-000445:0
Canonical exit: 20 Nov 2024 (T+90)
9,863 shares@ US$24.142.6% of flowCommon StockSEC:0001510281-24-000412:0
Canonical exit: 30 Oct 2024 (T+90)
1,083 shares@ US$24.290.3% of flowCommon StockSEC:0001510281-24-000404:0
Canonical exit: 29 Oct 2024 (T+90)
25 of 62 declarations
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))
Read moreShow less
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))
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