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Adams Natural Resources Fund, Inc. (PEO)

Financial Services | Asset Management | Baltimore, United States | NYSE
26.10 USD +0.29 (1.124%) ⇧ (April 21, 2026, 4 p.m. EDT)

Short-term:★☆☆☆☆Long-term:☆☆☆☆☆Dividends:☆☆☆☆☆
Hot Take | April 19, 2026, 1:01 a.m. EDT

Advertised as a high-yield play, PEO is a cash-bleeding value trap with a 100%+ payout ratio eating through equity. Despite a 32% Q1 pop driven by oil markets, the Fund's underlying business delivers single-digit margins and negative free cash flow growth masked by special distributions. Technically, it is flatlining below its 50-day moving average with negligible options activity, making it an unreadable, high-risk speculative instrument rather than a solid investment.

Model Selection — Backtest MAE (log-scale, lower is better)
ModelMAE
AutoARIMA ✓0.026806
AutoTheta0.060950
MSTL0.084286
AutoETS0.089400

Forecast horizon: 45 days | Selected: AutoARIMA

Forecast Reliability
Score 33%
H-stat 4.10
Ljung-Box p 0.000
Jarque-Bera p 0.009
Excess Kurtosis 0.11
Attribute Value
Sector Financial Services
Ex Dividend Date 2026-04-26
Last Dividend Date 2026-01-25
Revenue per Share 0.738
Market Cap 717,631,936
Trailing P/E 12.86
Forward P/E 435.00
Beta 0.46
Profit Margins 269.92%
Website https://www.adamsfunds.com

As of April 19, 2026, 1:01 a.m. EDT: Options data shows extremely low liquidity with minimal Open Interest across all expirations, suggesting a lack of institutional positioning or significant algomo-balancing. There is a sizing imbalance in the near-dated (April 17) expiry where puts show higher total volume (4 vs 14) compared to calls (14 vs 4), despite both being deep ITM or ATM. Implied Volatility is extremely compressed (below 4%), indicating a lack of speculative fear or excitement, consistent with a neglected, low-market-cap chipstock. The forecast model shows a slight bullish prediction (5.89%) but with statistically significant rejection of normality (low Jarque-Bera p-value), suggesting the price distribution is skewed and the directional signal is unreliable.


Dividend Data

Yield Summary
Last Yield 1yr Yield 3yr Avg 5yr Avg
2.05% 9.60% 9.44% 8.57%
Dividend History
Date Dividend Yield %
2026-01-26 0.490000 2.051067
2025-11-21 0.490000 2.352902
2025-07-28 0.510000 2.448205
2025-04-28 0.520000 2.752810
2025-01-27 0.530000 2.600291
2024-11-22 1.030000 4.838611
2024-08-05 0.540000 2.811621
2024-05-16 0.100000 0.511775
2024-02-08 0.100000 0.578696
2023-11-17 1.050000 6.162210
2023-08-17 0.100000 0.556294
2023-05-17 0.100000 0.651030
2023-02-09 0.100000 0.590879
2022-11-18 1.330000 7.631080
2022-08-17 0.100000 0.645478
2022-05-17 0.100000 0.622926
2022-02-10 0.100000 0.718025
2021-11-19 0.290000 2.489749
2021-08-17 0.100000 0.955494
2021-05-17 0.100000 0.873088
2021-02-11 0.100000 1.109283
2020-11-20 0.200000 2.666660
2020-08-17 0.100000 1.221682
2020-05-15 0.100000 1.475447
2020-02-13 0.100000 0.971795
2019-11-22 0.800000 7.679758
2019-08-15 0.100000 1.070884
2019-05-16 0.100000 0.961902
2019-02-14 0.100000 0.972486
2018-11-23 0.870000 8.702975
2018-08-16 0.100000 0.882845
2018-05-17 0.100000 0.818719
2018-02-15 0.100000 0.918155
2017-11-21 0.880000 8.149350
2017-08-09 0.100000 0.968974
2017-05-10 0.100000 0.941731
2017-02-08 0.100000 0.918003
2016-11-22 0.840000 7.809119
2016-08-10 0.100000 0.977197
2016-05-11 0.100000 1.026886
2016-02-10 0.100000 1.234015
2015-11-23 0.140000 1.410833
2015-08-10 0.100000 0.951042
2015-05-11 0.100000 0.799379
2015-02-10 0.100000 0.798074
2014-11-20 1.590000 11.808584
2014-08-08 0.100000 0.696393
2014-05-12 0.100000 0.721211
2014-02-12 0.100000 0.805583
2013-11-21 1.580000 12.366857
2013-08-13 0.100000 0.843370
2013-05-13 0.100000 0.859436
2013-02-13 0.100000 0.859759
2012-11-15 1.300000 12.500809
2012-08-08 0.100000 0.953741
2012-05-10 0.100000 0.982954
2012-02-08 0.100000 0.917319
2011-11-17 1.670000 16.599354
2011-08-10 0.100000 1.068662
2011-05-11 0.100000 0.891801
2011-02-09 0.100000 0.906303
2010-11-17 0.970000 10.249993
2010-08-11 0.100000 1.265067
2010-05-12 0.100000 1.189438
2010-02-10 0.100000 1.241142
2009-11-18 1.040000 11.875717
2009-08-12 0.100000 1.314097
2009-05-13 0.130000 1.814076
2009-02-11 0.130000 1.870321
2008-11-19 2.600000 39.239183
2008-08-08 0.130000 1.213560
2008-05-13 0.130000 1.023890
2008-02-12 0.130000 1.221423
2007-11-16 3.920000 35.619607
2007-08-10 0.130000 1.289454
2007-05-15 0.130000 1.303354
2007-02-13 0.130000 1.470431
2006-11-17 3.410000 38.724567
2006-08-11 0.130000 1.502101
2006-05-16 0.130000 1.594861
2006-02-14 0.130000 1.678382
2005-11-18 0.250000 3.425076
2005-08-12 0.130000 1.692034
2005-05-17 0.130000 2.084169
2005-02-15 0.130000 1.976925
2004-11-19 0.930000 15.385274
2004-08-13 0.130000 2.390731
2004-05-13 0.130000 2.579324
2004-02-12 0.130000 2.462416
2003-11-20 0.800000 17.266145
2003-08-13 0.130000 2.947743
2003-05-14 0.130000 3.073605
2003-02-14 0.130000 3.292305
2002-11-21 0.720000 17.873611
2002-08-14 0.130000 3.150875
2002-05-15 0.130000 2.644915
2002-02-14 0.130000 2.868774
2001-11-15 1.110000 24.636006
2001-08-15 0.130000 2.602589
2001-05-16 0.130000 2.224006
2001-02-14 0.130000 2.382583
2000-11-16 1.350000 26.801839
2000-08-16 0.133333 2.863437
2000-05-17 0.133333 3.007399
2000-02-16 0.133333 3.421807
1999-11-18 1.153333 29.122410
1999-08-17 0.133333 3.376891
1999-05-17 0.133333 3.500578
1999-02-19 0.143333 4.502685
1998-11-19 1.126667 32.439402
1998-08-18 0.133333 3.863156
1998-05-18 0.133333 3.320539
1998-02-20 0.133333 3.523284
1997-11-20 1.153333 28.656327
1997-08-14 0.133333 3.751575
1997-05-15 0.133333 4.005364
1997-02-20 0.133333 4.014121
1996-11-21 1.026667 31.314014
1996-08-15 0.133333 4.933329
1996-05-16 0.152000 5.388258
1996-02-15 0.152000 5.727957
1995-11-16 0.993333 41.426175
1995-08-17 0.133333 5.740438
1995-05-09 0.152000 6.303982
1995-02-14 0.152000 7.029479
1994-11-15 0.153333 6.855780
1994-08-16 0.133333 5.620192
1994-05-10 0.138667 5.911210
1994-02-08 0.138000 5.774452
1993-11-16 1.013333 44.592154
1993-08-10 0.133333 6.239925
1993-05-13 0.133333 6.094363
1993-02-09 0.133333 6.686877
1992-11-25 0.128000 6.754759
1992-08-11 0.153333 7.660123
1992-05-12 0.153333 8.100344
1992-02-11 0.153333 7.652893
1991-11-27 1.033333 54.487653
1991-08-13 0.133333 7.142473
1991-05-14 0.133333 7.162575
1991-02-12 0.133333 7.214813
1990-11-21 1.166667 68.579902
1990-08-15 0.133333 6.775986
1990-05-15 0.133333 7.846258
1990-02-13 0.133333 7.867039
1989-11-22 1.200000 79.249527
1989-08-16 0.133333 9.224136
1989-05-16 0.133333 9.778769
1989-01-17 0.133333 10.515644
1988-11-23 0.236667 20.051324
1988-11-15 0.236667 18.720918
1988-08-10 0.236667 18.509365
1988-05-10 0.133333 9.808351
1988-01-19 0.226667 19.030910
1987-11-25 1.626667 132.046645
1987-07-02 0.133333 8.684125
1987-04-02 0.133333 8.804487
1987-01-22 0.760000 51.487822
Additional Data
dividendRate 2.04
dividendYield 7.82
exDividendDate 2026-04-27
trailingAnnualDividendRate 2.05
trailingAnnualDividendYield 0.07942658
lastDividendValue 0.49
lastDividendDate 2026-01-26
dividendDate 2019-03-01

Info Dump

Attribute Value
52 Week Change 0.28318584
Address1 500 East Pratt Street
Address2 Suite 1300
All Time High 45.09
All Time Low 6.11
Ask 0.0
Ask Size 200
Average Daily Volume10 Day 93,290
Average Daily Volume3 Month 98,000
Average Volume 98,000
Average Volume10Days 93,290
Beta 0.459
Bid 20.63
Bid Size 200
Book Value 24.086
City Baltimore
Country United States
Crypto Tradeable 0
Currency USD
Current Price 26.1
Current Ratio 0.965
Custom Price Alert Confidence HIGH
Date Short Interest 1,774,915,200
Day High 26.15
Day Low 25.68
Display Name Adams Natural Resources Fund
Dividend Date 1,551,398,400
Dividend Rate 2.04
Dividend Yield 7.82
Earnings Timestamp End 1,753,704,000
Earnings Timestamp Start 1,753,181,940
Ebitda Margins 0.0
Enterprise To Revenue 35.372
Enterprise Value 717,648,768
Eps Forward 0.06
Eps Trailing Twelve Months 2.03
Esg Populated 0
Ex Dividend Date 1,777,248,000
Exchange NYQ
Exchange Data Delayed By 0
Exchange Timezone Name America/New_York
Exchange Timezone Short Name EDT
Fifty Day Average 26.433
Fifty Day Average Change -0.33300018
Fifty Day Average Change Percent -0.012597895
Fifty Two Week Change Percent 28.318584
Fifty Two Week High 28.88
Fifty Two Week High Change -2.7799988
Fifty Two Week High Change Percent -0.09626035
Fifty Two Week Low 19.55
Fifty Two Week Low Change 6.550001
Fifty Two Week Low Change Percent 0.33503842
Fifty Two Week Range 19.55 - 28.88
Financial Currency USD
First Trade Date Milliseconds 322,151,400,000
Five Year Avg Dividend Yield 7.13
Float Shares 25,073,990
Forward Eps 0.06
Forward P E 435.00003
Full Exchange Name NYSE
Gmt Off Set Milliseconds -14,400,000
Gross Margins 1.0
Gross Profits 20,288,422
Has Pre Post Market Data 1
Held Percent Insiders 0.00484
Held Percent Institutions 0.38337
Implied Shares Outstanding 27,495,477
Industry Asset Management
Industry Disp Asset Management
Industry Key asset-management
Is Earnings Date Estimate 1
Language en-US
Last Dividend Date 1,769,385,600
Last Dividend Value 0.49
Last Fiscal Year End 1,767,139,200
Last Split Date 972,000,000
Last Split Factor 3:2
Long Business Summary Adams Natural Resources Fund, Inc. is a publicly owned investment manager. The firm invests in the public equity markets across the globe. The firm manages closed-end equity fund focused on the energy and material sectors. It invests in stocks of companies of all market capitalizations operating in the energy and natural resources sector including oil companies, exploration and production, utilities, services, and basic materials sectors. The firm employs a fundamental analysis with a bottom-up stock picking approach while focusing on earnings growth prospects, defendable market position, market competition, macroeconomic backdrop, cash flow generation, valuation, capital allocation, return on capital, mileposts and catalysts, and point in cycle identification to make its investments. It benchmarks the performance of its portfolios against a composite index of 80% Dow Jones Oil and Gas Index and 20% Dow Jones Basic Materials Index. The firm was formerly known as Petroleum & Resources Corporation. Adams Natural Resources Fund, Inc. was founded in 1929 and is based in Baltimore, Maryland with an additional office in Boston, Massachusetts.
Long Name Adams Natural Resources Fund, Inc.
Market us_market
Market Cap 717,631,936
Market State PRE
Max Age 86,400
Message Board Id finmb_323203
Most Recent Quarter 1,767,139,200
Net Income To Common 54,761,568
Next Fiscal Year End 1,798,675,200
Non Diluted Market Cap 717,631,949
Open 25.96
Operating Margins 0.80647004
Payout Ratio 1.0099
Phone 410-752-5900
Pre Market Change -0.10000038
Pre Market Change Percent -0.38314322
Pre Market Price 26.0
Pre Market Time 1,776,845,399
Previous Close 25.81
Price Hint 2
Price To Book 1.0836171
Price To Sales Trailing12 Months 35.371502
Profit Margins 2.69915
Quick Ratio 0.745
Quote Type EQUITY
Recommendation Key none
Region US
Regular Market Change 0.290001
Regular Market Change Percent 1.1236
Regular Market Day High 26.15
Regular Market Day Low 25.68
Regular Market Day Range 25.68 - 26.15
Regular Market Open 25.96
Regular Market Previous Close 25.81
Regular Market Price 26.1
Regular Market Time 1,776,801,602
Regular Market Volume 83,582
Return On Assets 0.015420001
Return On Equity 0.08432999
Revenue Growth 0.038
Revenue Per Share 0.738
Sand P52 Week Change 0.3140242
Sector Financial Services
Sector Disp Financial Services
Sector Key financial-services
Shares Outstanding 27,495,477
Shares Percent Shares Out 0.0139
Shares Short 381,738
Shares Short Previous Month Date 1,772,150,400
Shares Short Prior Month 387,038
Short Name Adams Natural Resources Fund, I
Short Percent Of Float 0.0139999995
Short Ratio 5.31
Source Interval 15
State MD
Symbol PEO
Total Cash 149,593
Total Cash Per Share 0.005
Total Debt 0
Total Revenue 20,288,422
Tradeable 0
Trailing Annual Dividend Rate 2.05
Trailing Annual Dividend Yield 0.07942658
Trailing Eps 2.03
Trailing P E 12.857143
Trailing Peg Ratio None
Triggerable 1
Two Hundred Day Average 23.0176
Two Hundred Day Average Change 3.0824013
Two Hundred Day Average Change Percent 0.13391498
Type Disp Equity
Volume 83,582
Website https://www.adamsfunds.com
Zip 21,202