Vaughan Nelson Investment Management L.P. Has $86.49 Million Holdings in Antero Resources Corporation $AR

Key Points

• Vaughan Nelson Investment Management L.P. increased its holdings in Antero Resources Corporation by 12.1%, owning approximately $86.49 million worth of the company's stock as of its latest SEC filing.
• Other institutional investors, such as GAMMA Investing LLC and UMB Bank n.a., also significantly increased their stakes in Antero Resources during the first quarter, contributing to a total ownership of 83.04% by institutional investors.
• Antero Resources reported a quarterly EPS of $0.35, which missed analysts' expectations, showing a 32.6% year-over-year revenue increase despite the shortfall.

Vaughan Nelson Investment Management L.P. increased its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 12.1% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,147,218 shares of the oil and natural gas company's stock after buying an additional 232,420 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.69% of Antero Resources worth $86,490,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. GAMMA Investing LLC lifted its holdings in Antero Resources by 7,097.1% during the 1st quarter. GAMMA Investing LLC now owns 220,519 shares of the oil and natural gas company's stock valued at $8,918,000 after purchasing an additional 217,455 shares during the last quarter. Merit Financial Group LLC acquired a new stake in Antero Resources during the 1st quarter valued at $462,000. UMB Bank n.a. lifted its holdings in Antero Resources by 123.4% during the 1st quarter. UMB Bank n.a. now owns 3,130 shares of the oil and natural gas company's stock valued at $127,000 after purchasing an additional 1,729 shares during the last quarter. Pallas Capital Advisors LLC acquired a new stake in Antero Resources during the 1st quarter valued at $355,000. Finally, SG Americas Securities LLC acquired a new stake in Antero Resources during the 1st quarter valued at $1,018,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Stock Down 0.6%

Shares of NYSE AR opened at $33.28 on Friday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. Antero Resources Corporation has a 52 week low of $25.36 and a 52 week high of $44.01. The stock has a market capitalization of $10.28 billion, a P/E ratio of 21.19 and a beta of 0.56. The stock's fifty day moving average is $32.54 and its 200 day moving average is $35.87.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business posted ($0.21) EPS. The firm's revenue for the quarter was up 32.6% on a year-over-year basis. Sell-side analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AR shares. Barclays raised their price target on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Roth Capital cut Antero Resources from a "buy" rating to a "neutral" rating and lowered their price objective for the stock from $44.00 to $32.00 in a research report on Monday, August 18th. Mizuho lowered their price objective on Antero Resources from $49.00 to $41.00 and set an "outperform" rating on the stock in a research report on Monday, September 15th. Morgan Stanley increased their price objective on Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. Finally, Citigroup upgraded Antero Resources from a "neutral" rating to a "buy" rating and increased their price objective for the stock from $37.00 to $39.00 in a research report on Tuesday, September 23rd. One research analyst has rated the stock with a Strong Buy rating, ten have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $44.38.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.

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