148,686 Shares in Antero Resources Corporation $AR Bought by Empowered Funds LLC

Key Points

• Empowered Funds LLC acquired 148,686 shares of Antero Resources in the second quarter, worth approximately $5.2 million. Institutional investors collectively own 83.04% of the company.
• Antero Resources shares opened at $38.57, up 0.3%, with a market capitalization of about $11.86 billion and a 12-month trading range of $29.10 to $45.75.
• Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $48.31, implying potential upside from the current share price.

Empowered Funds LLC purchased a new position in Antero Resources Corporation (NYSE:AR - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 148,686 shares of the oil and natural gas company's stock, valued at approximately $5,225,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Antero Resources in the 2nd quarter valued at about $966,982,000. Dimensional Fund Advisors LP raised its position in shares of Antero Resources by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company's stock worth $434,597,000 after purchasing an additional 1,153,422 shares during the period. State Street Corp raised its position in shares of Antero Resources by 1.2% during the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company's stock worth $341,368,000 after purchasing an additional 116,461 shares during the period. Sourcerock Group LLC lifted its holdings in shares of Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company's stock worth $328,529,000 after purchasing an additional 783,117 shares in the last quarter. Finally, Invesco Ltd. lifted its holdings in shares of Antero Resources by 18.0% in the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company's stock worth $172,291,000 after purchasing an additional 761,842 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Trading Up 0.3%

Shares of Antero Resources stock opened at $38.57 on Tuesday. The stock has a fifty day simple moving average of $35.63 and a 200 day simple moving average of $36.92. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a market capitalization of $11.86 billion, a P/E ratio of 11.08 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29.

Analysts Set New Price Targets

AR has been the subject of a number of recent research reports. 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. Zacks Research lowered shares of Antero Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Wells Fargo & Company lifted their price objective on shares of Antero Resources from $52.00 to $57.00 and gave the company an "overweight" rating in a report on Friday, July 31st. Barclays decreased their target price on shares of Antero Resources from $46.00 to $45.00 and set an "equal weight" rating for the company in a research report on Monday, August 17th. Finally, Mizuho upped their target price on shares of Antero Resources from $54.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $48.31.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company's operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero's portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

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