KBC Group NV Buys 889 Shares of Antero Resources Co. (NYSE:AR)

KBC Group NV boosted its position in shares of Antero Resources Co. (NYSE:AR) by 12.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,086 shares of the oil and natural gas company’s stock after purchasing an additional 889 shares during the period. KBC Group NV’s holdings in Antero Resources were worth $232,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its position in shares of Antero Resources by 269.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after purchasing an additional 2,893,395 shares during the last quarter. Natixis Advisors LLC raised its position in Antero Resources by 488.7% during the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock worth $46,624,000 after acquiring an additional 1,186,163 shares in the last quarter. Acadian Asset Management LLC lifted its stake in Antero Resources by 7,781.2% in the second quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock valued at $31,113,000 after acquiring an additional 941,756 shares during the last quarter. Kailix Advisors LLC bought a new position in shares of Antero Resources in the 3rd quarter valued at about $17,327,000. Finally, Driehaus Capital Management LLC acquired a new position in shares of Antero Resources during the 2nd quarter worth about $17,307,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Performance

Shares of NYSE AR opened at $31.91 on Wednesday. The stock has a market cap of $9.93 billion, a price-to-earnings ratio of 227.93 and a beta of 3.36. The stock’s 50-day moving average is $28.28 and its 200 day moving average is $30.02. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 1-year low of $20.10 and a 1-year high of $36.28.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the company. Scotiabank upgraded Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. JPMorgan Chase & Co. reduced their target price on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a research note on Wednesday, September 11th. BMO Capital Markets raised their price target on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, October 4th. Finally, Wells Fargo & Company decreased their price objective on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, October 18th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and an average price target of $32.83.

Antero Resources Profile

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.