Antero Resources Corporation $AR Shares Purchased by Vaughan Nelson Investment Management L.P.

Key Points

• Vaughan Nelson Investment Management increased its Antero Resources stake by 10% in the second quarter, adding 144,357 shares to own 1.59 million shares valued at approximately $55.7 million.
• Institutional investors and hedge funds control 83.04% of Antero Resources, with several other firms initiating or expanding positions in the company.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and a $48.31 price target, compared with the stock’s opening price of $37.45.

Vaughan Nelson Investment Management L.P. lifted its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 10.0% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 1,585,630 shares of the oil and natural gas company's stock after purchasing an additional 144,357 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 0.51% of Antero Resources worth $55,719,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of AR. Eastern Bank purchased a new stake in Antero Resources during the 2nd quarter worth approximately $26,000. Sunbelt Securities Inc. acquired a new position in Antero Resources during the 3rd quarter valued at approximately $30,000. IFP Advisors Inc raised its holdings in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock worth $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Antero Resources in the fourth quarter worth $41,000. Finally, Hilton Head Capital Partners LLC purchased a new position in shares of Antero Resources in the fourth quarter worth $44,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AR. Truist Financial dropped their price objective on shares of Antero Resources from $56.00 to $52.00 and set a "buy" rating on the stock in a report on Thursday, July 9th. Zacks Research lowered Antero Resources from a "strong-buy" rating to a "hold" rating in a research note on Tuesday, May 26th. Weiss Ratings raised Antero Resources from a "hold (c)" rating to a "hold (c+)" rating in a research report on Monday, August 3rd. Roth Capital reiterated a "neutral" rating and set a $38.00 price target on shares of Antero Resources in a research note on Thursday, April 30th. Finally, Jefferies Financial Group reiterated a "buy" rating and set a $57.00 price target on shares of Antero Resources in a research note on Friday, May 1st. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $48.31.

Antero Resources Stock Performance

Shares of NYSE AR opened at $37.45 on Thursday. 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 Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The company has a 50 day simple moving average of $34.81 and a two-hundred day simple moving average of $36.62. The stock has a market cap of $11.51 billion, a price-to-earnings ratio of 10.76 and a beta of 0.34.

Antero Resources 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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