Antero Resources Corporation $AR Shares Acquired by Corient Private Wealth LP

Key Points

• Corient Private Wealth LP more than doubled its Antero Resources stake in the second quarter, acquiring 43,246 additional shares for a total of 84,253 shares valued at approximately $2.96 million.
• Institutional ownership remains high at 83.04%, with BlackRock, Bank of New York Mellon, Diamond Hill, Palo Duro and Assenagon among investors adding significant positions.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus and an average price target of $49.06; Antero shares recently opened at $33.88, below the 12-month high of $45.75.

Corient Private Wealth LP raised its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 105.5% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,253 shares of the oil and natural gas company's stock after acquiring an additional 43,246 shares during the period. Corient Private Wealth LP's holdings in Antero Resources were worth $2,961,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently made changes to their positions in the company. BlackRock Inc. purchased a new stake in shares of Antero Resources in the second quarter valued at about $966,982,000. Bank of New York Mellon Corp acquired a new stake in shares of Antero Resources during the second quarter worth about $106,063,000. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Antero Resources during the second quarter worth about $100,212,000. Palo Duro Investment Partners LP purchased a new position in shares of Antero Resources during the second quarter worth about $95,985,000. Finally, Assenagon Asset Management S.A. increased its position in Antero Resources by 177.4% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company's stock valued at $153,261,000 after acquiring an additional 2,309,388 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. Truist Financial dropped their target price on Antero Resources from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Raymond James Financial increased their price target on Antero Resources from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, September 1st. 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 research report on Friday, July 31st. The Goldman Sachs Group boosted their price objective on shares of Antero Resources from $42.00 to $48.00 and gave the company a "buy" rating in a research note on Wednesday, September 2nd. Finally, Zacks Research downgraded shares of Antero Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $49.06.

Antero Resources Trading Down 2.8%

Shares of Antero Resources stock opened at $33.88 on Tuesday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The stock has a market cap of $10.42 billion, a PE ratio of 9.74 and a beta of 0.35. The company has a 50-day moving average of $36.63 and a two-hundred day moving average of $37.24.

About Antero Resources

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.

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