Ieq Capital LLC Makes New Investment in Antero Resources Corporation $AR

Key Points

• Ieq Capital LLC purchased 454,400 shares of Antero Resources in the second quarter, valued at approximately $16.0 million, giving it a 0.15% stake.
• Institutional ownership remains high at 83.04%, with major investors including BlackRock, Dimensional Fund Advisors, State Street, Sourcerock Group and Invesco increasing or initiating positions.
• Antero Resources shares opened at $38.04, while analysts maintain a “Moderate Buy” consensus rating with an average price target of $48.31, implying potential upside.

Ieq Capital LLC bought a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 454,400 shares of the oil and natural gas company's stock, valued at approximately $15,968,000. Ieq Capital LLC owned approximately 0.15% of Antero Resources as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. acquired a new position in Antero Resources in the 2nd quarter worth about $966,982,000. Dimensional Fund Advisors LP grew its holdings in Antero Resources by 12.7% in the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company's stock valued at $434,597,000 after purchasing an additional 1,153,422 shares during the period. State Street Corp grew its holdings in Antero Resources by 1.2% in the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company's stock valued at $341,368,000 after purchasing an additional 116,461 shares during the period. Sourcerock Group LLC increased its position in shares of Antero Resources by 10.6% in the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company's stock valued at $328,529,000 after buying an additional 783,117 shares in the last quarter. Finally, Invesco Ltd. increased its position in shares of Antero Resources by 18.0% in the fourth quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company's stock valued at $172,291,000 after buying an additional 761,842 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Up 1.0%

NYSE AR opened at $38.04 on Friday. The business has a fifty day moving average price of $35.08 and a 200 day moving average price of $36.71. 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 company has a market cap of $11.70 billion, a P/E ratio of 10.93 and a beta of 0.34. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of recent analyst reports. Zacks Research lowered Antero Resources from a "strong-buy" rating to a "hold" rating in a research report on Tuesday, May 26th. Truist Financial cut their price target on shares of Antero Resources from $56.00 to $52.00 and set a "buy" rating for the company in a report on Thursday, July 9th. Wells Fargo & Company upped their price objective on shares of Antero Resources from $52.00 to $57.00 and gave the stock an "overweight" rating in a research report on Friday, July 31st. Texas Capital raised shares of Antero Resources to a "strong-buy" rating in a report on Thursday, June 25th. Finally, Weiss Ratings raised shares of Antero Resources from a "hold (c)" rating to a "hold (c+)" rating in a report on Monday, August 3rd. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat, Antero Resources currently has an average rating of "Moderate Buy" and a consensus price target of $48.31.

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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