Hohimer Wealth Management LLC Acquires New Shares in Antero Resources Corporation $AR

Key Points

• Hohimer Wealth Management acquired 75,130 Antero Resources shares in the third quarter, worth approximately $2.51 million.
• Other institutional investors also opened positions, and hedge funds and institutions collectively own 83.04% of the company’s stock.
• Analyst sentiment is broadly positive: the stock has a “Moderate Buy” consensus rating and an average price target of $48.74.

Hohimer Wealth Management LLC acquired a new position in Antero Resources Corporation (NYSE:AR - Free Report) during the third quarter, according to its most recent filing with the SEC. The firm acquired 75,130 shares of the oil and natural gas company's stock, valued at approximately $2,509,000.

Other hedge funds have also recently made changes to their positions in the company. Eastern Bank purchased a new stake in Antero Resources in the second quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in Antero Resources in the second quarter valued at $29,000. Heritage Family Offices LLP purchased a new position in Antero Resources during the 3rd quarter valued at $30,000. Rakuten Securities Inc. purchased a new position in Antero Resources during the 2nd quarter valued at $31,000. Finally, PenderFund Capital Management Ltd. purchased a new position in Antero Resources during the 2nd quarter valued at $36,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Trading Up 0.7%

NYSE:AR opened at $36.32 on Tuesday. Antero Resources Corporation has a one year low of $31.15 and a one year high of $45.75. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.39 and a quick ratio of 0.39. The company's 50-day simple moving average is $37.51 and its 200 day simple moving average is $36.91. The firm has a market capitalization of $11.16 billion, a P/E ratio of 8.20 and a beta of 0.50.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the stock. Citigroup raised their target price on shares of Antero Resources from $45.00 to $50.00 and gave the stock a "buy" rating in a research report on Friday, October 30th. Wells Fargo & Company lifted their target price on shares of Antero Resources from $57.00 to $58.00 and gave the company an "overweight" rating in a research note on Friday, October 30th. UBS Group reduced their price target on shares of Antero Resources from $58.00 to $54.00 and set a "buy" rating on the stock in a research report on Tuesday, October 6th. Wolfe Research reissued an "outperform" rating and issued a $48.00 price target on shares of Antero Resources in a research note on Thursday, July 30th. Finally, Raymond James Financial raised their price objective on shares of Antero Resources from $50.00 to $55.00 and gave the stock a "strong-buy" rating in a report on Tuesday, September 1st. Five research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $48.74.

Antero Resources Company Profile

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.

The company's products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.

Founded in 2002, Antero Resources is headquartered in Denver, Colorado.

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