Corient Private Wealth LP acquired a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 57,759 shares of the oil and natural gas company's stock, valued at approximately $2,030,000.
Several other institutional investors and hedge funds have also recently made changes to their positions in AR. Palo Duro Investment Partners LP bought a new stake in Antero Resources during the 2nd quarter valued at $95,985,000. Bank of America Corp DE bought a new stake in Antero Resources in the 2nd quarter worth $40,916,000. Freestone Grove Partners LP purchased a new position in shares of Antero Resources in the second quarter valued at about $36,849,000. Man Group plc purchased a new position in shares of Antero Resources in the second quarter valued at about $32,677,000. Finally, Jupiter Topco LLC purchased a new position in shares of Antero Resources in the second quarter valued at about $4,566,000. Institutional investors own 83.04% of the company's stock.
Antero Resources Trading Down 0.4%
NYSE:AR opened at $39.63 on Thursday. The company has a 50-day moving average price of $35.83 and a 200-day moving average price of $36.99. 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 $12.19 billion, a price-to-earnings ratio of 11.39 and a beta of 0.35.
Wall Street Analyst Weigh In
A number of research firms have recently weighed in on AR. Morgan Stanley reiterated an "overweight" rating and set a $49.00 target price on shares of Antero Resources in a report on Wednesday, August 19th. JPMorgan Chase & Co. reduced their price target on Antero Resources from $49.00 to $45.00 and set a "neutral" rating on the stock in a report on Wednesday, July 8th. Wolfe Research reaffirmed an "outperform" rating and set a $48.00 price target on shares of Antero Resources in a research report on Thursday, July 30th. Mizuho increased their price objective on Antero Resources from $54.00 to $57.00 and gave the stock an "outperform" rating in a report on Thursday, June 25th. Finally, UBS Group lifted their price objective on Antero Resources from $50.00 to $52.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Four research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $49.12.
View Our Latest Report on AR
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.
Further Reading
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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