Algert Global LLC increased its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 6.5% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 742,033 shares of the oil and natural gas company's stock after acquiring an additional 45,391 shares during the period. Algert Global LLC owned approximately 0.24% of Antero Resources worth $26,075,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds have also made changes to their positions in the company. BlackRock Inc. bought a new stake in shares of Antero Resources in the 2nd quarter worth approximately $966,982,000. Bank of New York Mellon Corp purchased a new position in Antero Resources during the second quarter valued at $106,063,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Antero Resources in the second quarter worth $100,212,000. Assenagon Asset Management S.A. boosted its holdings in Antero Resources by 177.4% in the first quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company's stock worth $153,261,000 after acquiring an additional 2,309,388 shares in the last quarter. Finally, AQR Capital Management LLC grew its stake in shares of Antero Resources by 140.2% in the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company's stock worth $116,371,000 after acquiring an additional 2,023,828 shares during the last quarter. Institutional investors own 83.04% of the company's stock.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on AR. Roth Capital restated a "neutral" rating and set a $38.00 price target on shares of Antero Resources in a report on Thursday, April 30th. Jefferies Financial Group reissued a "buy" rating and set a $57.00 price objective on shares of Antero Resources in a research report on Friday, May 1st. Mizuho raised their price objective on shares of Antero Resources from $54.00 to $57.00 and gave the company an "outperform" rating in a research note on Thursday, June 25th. Wells Fargo & Company lifted their target price on shares of Antero Resources from $52.00 to $57.00 and gave the stock an "overweight" rating in a report on Friday, July 31st. Finally, Texas Capital upgraded shares of Antero Resources to a "strong-buy" rating in a research note on Thursday, June 25th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $48.31.
Check Out Our Latest Stock Analysis on Antero Resources
Antero Resources Price Performance
Shares of NYSE:AR opened at $37.89 on Tuesday. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The business has a 50-day simple moving average of $35.15 and a two-hundred day simple moving average of $36.76. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market cap of $11.65 billion, a price-to-earnings ratio of 10.89 and a beta of 0.34.
About Antero Resources
(
Free Report)
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.
See Also
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).
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