<SEC-DOCUMENT>0000216851-19-000012.txt : 20190211
<SEC-HEADER>0000216851-19-000012.hdr.sgml : 20190211
<ACCEPTANCE-DATETIME>20190211141739
ACCESSION NUMBER:		0000216851-19-000012
CONFORMED SUBMISSION TYPE:	5
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20181231
FILED AS OF DATE:		20190211
DATE AS OF CHANGE:		20190211

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			ARZAC ENRIQUE R
		CENTRAL INDEX KEY:			0001009234

	FILING VALUES:
		FORM TYPE:		5
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	811-02736
		FILM NUMBER:		19584553

	MAIL ADDRESS:	
		STREET 1:		ABERDEEN ASSET MANAGEMENT INC.
		STREET 2:		1735 MARKET STREET - 32ND FLOOR
		CITY:			PHILADELPHIA
		STATE:			PA
		ZIP:			19103

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			ADAMS NATURAL RESOURCES FUND, INC.
		CENTRAL INDEX KEY:			0000216851
		IRS NUMBER:				135506797
		STATE OF INCORPORATION:			MD
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		500 EAST PRATT STREET
		STREET 2:		SUITE 1300
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202
		BUSINESS PHONE:		4107525900

	MAIL ADDRESS:	
		STREET 1:		500 EAST PRATT STREET
		STREET 2:		SUITE 1300
		CITY:			BALTIMORE
		STATE:			MD
		ZIP:			21202

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	ADAMS NATURAL RESOURCES FUND
		DATE OF NAME CHANGE:	20150331

	FORMER COMPANY:	
		FORMER CONFORMED NAME:	PETROLEUM & RESOURCES CORP
		DATE OF NAME CHANGE:	19920703
</SEC-HEADER>
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<SEQUENCE>1
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<DESCRIPTION>PRIMARY DOCUMENT
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    <periodOfReport>2018-12-31</periodOfReport>

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        <issuerCik>0000216851</issuerCik>
        <issuerName>ADAMS NATURAL RESOURCES FUND, INC.</issuerName>
        <issuerTradingSymbol>PEO</issuerTradingSymbol>
    </issuer>

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        <reportingOwnerId>
            <rptOwnerCik>0001009234</rptOwnerCik>
            <rptOwnerName>ARZAC ENRIQUE R</rptOwnerName>
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            <rptOwnerStreet1>500 EAST PRATT STREET, SUITE 1300</rptOwnerStreet1>
            <rptOwnerStreet2></rptOwnerStreet2>
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            <rptOwnerState>MD</rptOwnerState>
            <rptOwnerZipCode>21202</rptOwnerZipCode>
            <rptOwnerStateDescription></rptOwnerStateDescription>
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            <isTenPercentOwner>0</isTenPercentOwner>
            <isOther>0</isOther>
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                    <value>By Trust</value>
                    <footnoteId id="F3"/>
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        <nonDerivativeTransaction>
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    <footnotes>
        <footnote id="F1">Of these shares, 707.970 shares accrued as dividend equivalents on deferred stock units (shares received in lieu of director retainer fees).  An additional 705 shares accrued as dividend equivalents on 400 restricted stock units, which were granted in 2006 and deferred until 12/31/2018.  The Issuer's stock traded in a range of $13.61 - $21.48 during 2018.</footnote>
        <footnote id="F2">These shares were acquired in exempt transactions as a result of dividend reinvestments.  The Issuer's stock traded in a range of $13.61 - $21.48 during 2018.</footnote>
        <footnote id="F3">By the Enrique R. Arzac TTEE The Enrique R. Arzac TR UA DTD 12/28/2012 Trust.</footnote>
        <footnote id="F4">This fractional share was issued as part of DSU's (granted in lieu of a 2006 deferred cash retainer) &amp; DE shares earned.  The fractional share was surrendered as non-transferrable to a registered account.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>Gail L. Valenti as Attorney-in-Fact for Enrique R. Arzac</signatureName>
        <signatureDate>2019-02-11</signatureDate>
    </ownerSignature>
</ownershipDocument>
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</SEC-DOCUMENT>
