Tidal Investments LLC Reduces Stock Holdings in Antero Resources Co. (NYSE:AR)

Tidal Investments LLC lessened its holdings in shares of Antero Resources Co. (NYSE:AR) by 60.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,449 shares of the oil and natural gas company’s stock after selling 12,843 shares during the period. Tidal Investments LLC’s holdings in Antero Resources were worth $242,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its holdings in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after buying an additional 61,490 shares in the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of Antero Resources by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after purchasing an additional 122,815 shares in the last quarter. Connor Clark & Lunn Investment Management Ltd. raised its holdings in Antero Resources by 85.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock worth $4,810,000 after purchasing an additional 77,193 shares during the period. Driehaus Capital Management LLC acquired a new position in shares of Antero Resources during the 2nd quarter worth approximately $17,307,000. Finally, Kailix Advisors LLC purchased a new position in Antero Resources during the third quarter valued at $17,327,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AR has been the subject of a number of research analyst reports. UBS Group increased their target price on Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a report on Monday, December 9th. JPMorgan Chase & Co. reduced their price objective 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. Citigroup lifted their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a research note on Friday, December 6th. Truist Financial decreased their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Finally, Barclays lowered their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $34.78.

Antero Resources Stock Performance

Shares of AR stock opened at $33.25 on Thursday. Antero Resources Co. has a 12 month low of $20.56 and a 12 month high of $36.28. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a market cap of $10.35 billion, a P/E ratio of 237.50 and a beta of 3.42. The firm has a fifty day moving average price of $30.40 and a 200 day moving average price of $29.67.

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.