215,517 Shares in Antero Resources Corporation $AR Acquired by Public Employees Retirement System of Ohio

Key Points

• Public Employees Retirement System of Ohio acquired 215,517 shares of Antero Resources in the second quarter, valued at approximately $7.6 million and representing about 0.07% of the company.
• Institutional investors own 83.04% of Antero Resources, while the stock recently rose 3.5% to $39.83. The company has a market capitalization of about $12.25 billion and trades near the middle of its 52-week range.
• Analysts remain broadly positive, with a consensus “Moderate Buy” rating and an average price target of $48.71; several firms recently raised their targets as high as $57.

Public Employees Retirement System of Ohio bought a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 215,517 shares of the oil and natural gas company's stock, valued at approximately $7,573,000. Public Employees Retirement System of Ohio owned about 0.07% of Antero Resources at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of AR. NewEdge Advisors LLC lifted its stake in shares of Antero Resources by 16,498.3% during the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company's stock worth $389,000 after buying an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Antero Resources by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company's stock valued at $23,882,000 after acquiring an additional 43,312 shares during the period. Focus Partners Wealth increased its position in shares of Antero Resources by 18.9% in the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company's stock valued at $806,000 after acquiring an additional 3,169 shares during the period. EverSource Wealth Advisors LLC raised its stake in Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company's stock worth $120,000 after acquiring an additional 2,616 shares during the last quarter. Finally, Daiwa Securities Group Inc. raised its stake in Antero Resources by 22.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company's stock worth $1,470,000 after acquiring an additional 6,700 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Stock Up 3.5%

Antero Resources stock opened at $39.83 on Wednesday. The business's 50-day moving average price is $35.73 and its 200 day moving average price is $36.95. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The firm has a market cap of $12.25 billion, a price-to-earnings ratio of 11.45 and a beta of 0.35. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

Wall Street Analysts Forecast Growth

Several analysts have weighed in on AR shares. Benchmark boosted their price target on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Wednesday, August 12th. Raymond James Financial raised their price objective on Antero Resources from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a research note on Tuesday. Wells Fargo & Company lifted their target price on Antero Resources from $52.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Citigroup dropped their target price on Antero Resources from $53.00 to $45.00 and set a "buy" rating on the stock in a research report on Monday, August 3rd. Finally, Zacks Research downgraded shares of Antero Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Four research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $48.71.

About Antero Resources

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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