Antero Resources Co. (NYSE:AR) Shares Purchased by HighTower Advisors LLC

HighTower Advisors LLC boosted its stake in Antero Resources Co. (NYSE:AR) by 21.5% in the 3rd quarter, Holdings Channel reports. The firm owned 18,432 shares of the oil and natural gas company’s stock after purchasing an additional 3,266 shares during the period. HighTower Advisors LLC’s holdings in Antero Resources were worth $532,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in AR. Vaughan Nelson Investment Management L.P. lifted its position in shares of Antero Resources by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after purchasing an additional 411,549 shares in the last quarter. Merewether Investment Management LP increased its stake in Antero Resources by 4.6% during the 2nd quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock worth $96,061,000 after buying an additional 128,200 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after buying an additional 122,815 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its position in Antero Resources by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock valued at $55,278,000 after buying an additional 27,617 shares during the period. Finally, Assenagon Asset Management S.A. grew its stake in shares of Antero Resources by 36.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock worth $50,060,000 after acquiring an additional 464,970 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

AR has been the topic of several analyst reports. Bank of America started coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price objective on the stock. BMO Capital Markets increased their price target on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Morgan Stanley lowered their price objective on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. JPMorgan Chase & Co. reduced their target price on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Finally, Mizuho boosted their price target on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and a consensus target price of $34.78.

Antero Resources Stock Up 0.2 %

Antero Resources stock opened at $30.93 on Friday. The company has a market capitalization of $9.62 billion, a P/E ratio of 220.93 and a beta of 3.42. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources Co. has a fifty-two week low of $20.56 and a fifty-two week high of $36.28. The stock has a 50-day simple moving average of $30.04 and a 200-day simple moving average of $29.75.

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.