265,284 Antero Resources Corporation $AR Shares Bought by Counterpoint Mutual Funds LLC

Key Points

• Counterpoint Mutual Funds LLC increased its Antero Resources position by 3,281.2%, purchasing 265,284 additional shares to own 273,369 shares valued at approximately $9.13 million.
• Institutional investors hold approximately 83.04% of Antero Resources, with several other funds also modestly increasing their positions.
• Analysts remain broadly positive, assigning the stock a consensus “Moderate Buy” rating and an average price target of $48.11, compared with a recent price of $38.55.

Counterpoint Mutual Funds LLC raised its position in Antero Resources Corporation (NYSE:AR - Free Report) by 3,281.2% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 273,369 shares of the oil and natural gas company's stock after acquiring an additional 265,284 shares during the quarter. Counterpoint Mutual Funds LLC owned approximately 0.09% of Antero Resources worth $9,128,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State of Alaska Department of Revenue boosted its position in Antero Resources by 1.0% during the 3rd quarter. State of Alaska Department of Revenue now owns 29,126 shares of the oil and natural gas company's stock valued at $972,000 after acquiring an additional 285 shares in the last quarter. Fifth Third Wealth Advisors LLC raised its stake in Antero Resources by 4.3% during the first quarter. Fifth Third Wealth Advisors LLC now owns 9,362 shares of the oil and natural gas company's stock valued at $397,000 after buying an additional 389 shares during the last quarter. Arizona State Retirement System raised its position in shares of Antero Resources by 0.5% in the 2nd quarter. Arizona State Retirement System now owns 80,875 shares of the oil and natural gas company's stock worth $2,842,000 after purchasing an additional 394 shares during the last quarter. Twin Capital Management Inc. raised its holdings in Antero Resources by 1.5% in the first quarter. Twin Capital Management Inc. now owns 30,195 shares of the oil and natural gas company's stock worth $1,281,000 after buying an additional 437 shares during the last quarter. Finally, Hilton Head Capital Partners LLC raised its holdings in Antero Resources by 35.3% in the 1st quarter. Hilton Head Capital Partners LLC now owns 1,739 shares of the oil and natural gas company's stock worth $74,000 after acquiring an additional 454 shares during the last quarter. Institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on the company. The Goldman Sachs Group boosted their target price on Antero Resources from $42.00 to $48.00 and gave the stock a "buy" rating in a research report on Wednesday, September 2nd. UBS Group dropped their price target on shares of Antero Resources from $58.00 to $54.00 and set a "buy" rating on the stock in a research note on Tuesday, October 6th. Scotiabank started coverage on Antero Resources in a research report on Wednesday. They set a "sector outperform" rating and a $46.00 target price on the stock. Jefferies Financial Group reduced their target price on shares of Antero Resources from $60.00 to $56.00 and set a "buy" rating for the company in a report on Friday, October 2nd. Finally, Benchmark lifted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Wednesday, August 12th. Five investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $48.11.

Antero Resources Trading Up 5.8%

AR opened at $38.55 on Friday. The firm has a market cap of $11.85 billion, a P/E ratio of 11.08 and a beta of 0.54. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The stock has a 50-day moving average of $36.96 and a 200 day moving average of $36.50. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29.

Antero Resources Company Profile

Antero Resources Corporation NYSE: AR is an independent oil and natural gas company engaged in the acquisition, development and production of unconventional resources. The company's operations are focused primarily on the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and crude oil.

Antero's asset base is concentrated in the Marcellus and Utica shale formations in West Virginia and Ohio. Its products include pipeline-quality natural gas as well as NGLs such as ethane, propane, butane and natural gasoline.

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