William Blair Investment Management LLC Invests $10.85 Million in Antero Resources Corporation $AR

Key Points

• William Blair Investment Management bought 308,622 Antero Resources shares worth approximately $10.85 million, giving it a 0.10% stake. Institutional investors and hedge funds collectively own 83.04% of the company.
• Antero Resources shares opened at $38.04, with a 52-week range of $29.10 to $45.75 and a market capitalization of approximately $11.7 billion.
• Analyst sentiment remains positive, with a consensus rating of “Moderate Buy” and an average price target of $48.31, although some firms recently lowered targets and maintained neutral or equal-weight ratings.

William Blair Investment Management LLC bought 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 bought 308,622 shares of the oil and natural gas company's stock, valued at approximately $10,845,000. William Blair Investment Management LLC owned about 0.10% of Antero Resources at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in AR. Brandywine Global Investment Management LLC lifted its holdings in Antero Resources by 77.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company's stock valued at $7,425,000 after acquiring an additional 94,260 shares during the last quarter. Kailix Advisors LLC grew its position in Antero Resources by 15.5% in the fourth quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company's stock worth $12,905,000 after acquiring an additional 50,150 shares during the period. Diamond Hill Capital Management Inc. increased its stake in Antero Resources by 10.8% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company's stock worth $22,743,000 after acquiring an additional 64,378 shares during the last quarter. Bank of New York Mellon Corp raised its position in Antero Resources by 22.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company's stock valued at $106,868,000 after purchasing an additional 569,817 shares during the period. Finally, Northwestern Mutual Wealth Management Co. raised its position in Antero Resources by 1,399.6% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 67,016 shares of the oil and natural gas company's stock valued at $2,309,000 after purchasing an additional 62,547 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Up 0.3%

Shares of NYSE:AR opened at $38.04 on Monday. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The firm's 50 day moving average price is $35.08 and its 200 day moving average price is $36.74. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The stock has a market cap of $11.70 billion, a price-to-earnings ratio of 10.93 and a beta of 0.34.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Texas Capital raised shares of Antero Resources to a "strong-buy" rating in a research note on Thursday, June 25th. Jefferies Financial Group reaffirmed a "buy" rating and set a $57.00 price objective on shares of Antero Resources in a research report on Friday, May 1st. Zacks Research downgraded shares of Antero Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. JPMorgan Chase & Co. cut their target price on Antero Resources from $49.00 to $45.00 and set a "neutral" rating on the stock in a research report on Wednesday, July 8th. Finally, Barclays decreased their price target on Antero Resources from $46.00 to $45.00 and set an "equal weight" rating on the stock in a research note on Monday, August 17th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price 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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