Antero Resources Corporation $AR Stock Holdings Lessened by HighTower Advisors LLC

Key Points

• HighTower Advisors cut its Antero Resources stake by 35.4% in the second quarter, selling 80,997 shares and retaining 147,494 shares valued at approximately $5.18 million.
• Other major institutions increased their positions, including BlackRock’s new $967 million stake and California State Teachers Retirement System’s 3,427.9% increase. Institutional investors collectively own 83.04% of AR shares.
• Analysts maintain a generally positive outlook, with the stock carrying a “Moderate Buy” consensus rating and an average price target of $48.72, compared with its reported price of $39.14.

HighTower Advisors LLC lessened its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 35.4% in the second quarter, according to its most recent filing with the SEC. The fund owned 147,494 shares of the oil and natural gas company's stock after selling 80,997 shares during the period. HighTower Advisors LLC's holdings in Antero Resources were worth $5,183,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. BlackRock Inc. acquired a new stake in shares of Antero Resources during the second quarter worth $966,982,000. California State Teachers Retirement System boosted its position in shares of Antero Resources by 3,427.9% in the 2nd quarter. California State Teachers Retirement System now owns 11,957,720 shares of the oil and natural gas company's stock valued at $420,194,000 after purchasing an additional 11,618,775 shares during the period. Dimensional Fund Advisors LP increased its stake in Antero Resources by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company's stock worth $434,597,000 after purchasing an additional 1,153,422 shares in the last quarter. State Street Corp increased its stake in Antero Resources by 1.2% in the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company's stock worth $341,368,000 after purchasing an additional 116,461 shares in the last quarter. Finally, Sourcerock Group LLC increased its stake in Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company's stock worth $328,529,000 after purchasing an additional 783,117 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

AR has been the subject of a number of analyst reports. Weiss Ratings raised shares of Antero Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Thursday, September 3rd. JPMorgan Chase & Co. dropped their target price on shares of Antero Resources from $49.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 8th. Texas Capital upgraded shares of Antero Resources to a "strong-buy" rating in a report on Thursday, June 25th. Stifel Nicolaus assumed coverage on shares of Antero Resources in a report on Thursday. They set a "hold" rating and a $42.00 price target on the stock. Finally, Citigroup reduced their price target on shares of Antero Resources from $53.00 to $45.00 and set a "buy" rating for the company in a research report on Monday, August 3rd. Four investment analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $48.72.

Antero Resources Stock Performance

AR stock opened at $39.14 on Friday. 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 stock has a market cap of $12.03 billion, a P/E ratio of 11.25 and a beta of 0.35. The firm has a 50 day simple moving average of $36.36 and a 200 day simple moving average of $37.19. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75.

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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