Bank of America Corp DE bought a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 1,164,383 shares of the oil and natural gas company's stock, valued at approximately $40,916,000. Bank of America Corp DE owned approximately 0.38% of Antero Resources as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Eastern Bank bought a new stake in shares of Antero Resources in the 2nd quarter valued at about $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Antero Resources during the second quarter valued at approximately $29,000. Rakuten Securities Inc. acquired a new stake in Antero Resources in the second quarter valued at approximately $31,000. McIlrath & Eck LLC purchased a new position in Antero Resources in the first quarter worth $53,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Antero Resources during the fourth quarter worth $44,000. Institutional investors own 83.04% of the company's stock.
Antero Resources Stock Performance
NYSE AR opened at $33.88 on Tuesday. The firm has a market capitalization of $10.42 billion, a P/E ratio of 9.74 and a beta of 0.35. The stock has a 50-day simple moving average of $36.63 and a two-hundred day simple moving average of $37.24. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75.
Analyst Ratings Changes
Several brokerages recently weighed in on AR. Raymond James Financial boosted their target price on Antero Resources from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday, September 1st. Morgan Stanley restated an "overweight" rating and set a $49.00 price target on shares of Antero Resources in a research note on Wednesday, August 19th. The Goldman Sachs Group upped their price objective on shares of Antero Resources from $42.00 to $48.00 and gave the company a "buy" rating in a report on Wednesday, September 2nd. Texas Capital upgraded shares of Antero Resources to a "strong-buy" rating in a report on Thursday, June 25th. Finally, Truist Financial decreased their price objective on shares of Antero Resources from $56.00 to $52.00 and set a "buy" rating for the company in a research report on Thursday, July 9th. Four research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Antero Resources has an average rating of "Moderate Buy" and a consensus target price of $49.06.
Check Out Our Latest Stock Report on AR
About Antero Resources
(
Free Report)
Antero Resources Corporation NYSE: AR is an independent oil and natural gas exploration and production company. Its operations are focused primarily on developing unconventional reserves in the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and oil.
The company's core properties are located in the Marcellus and Utica shale plays of West Virginia and Ohio. Its products include natural gas and NGLs such as ethane, propane, butane and natural gasoline, which are marketed to customers in domestic and international energy markets.
Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.
Read More
Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corporation (NYSE:AR - Free Report).
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider Antero Resources, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Antero Resources wasn't on the list.
While Antero Resources currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
A strong long-term portfolio starts with companies that can survive recessions, inflation, changing consumer habits, and shifting market leadership.
This report names seven blue-chip stocks across technology, retail, consumer staples, healthcare, networking, sporting goods, and utilities that offer investors a mix of stability, income, growth, and staying power.
Get This Free Report
Continue following MarketBeat
Add MarketBeat as your preferred source on Google to see our latest stories in your feed.
Like this article? Share it with a colleague.
Link copied to clipboard.
