Confluence Investment Management LLC Increases Stake in Antero Resources Co. (NYSE:AR)

Confluence Investment Management LLC lifted its stake in Antero Resources Co. (NYSE:AR) by 6.4% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 21,219 shares of the oil and natural gas company’s stock after buying an additional 1,280 shares during the quarter. Confluence Investment Management LLC’s holdings in Antero Resources were worth $744,000 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. Franklin Resources Inc. lifted its position in shares of Antero Resources by 40.6% in the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company’s stock worth $21,209,000 after buying an additional 218,517 shares in the last quarter. World Investment Advisors LLC bought a new stake in Antero Resources in the 3rd quarter worth approximately $210,000. Geode Capital Management LLC raised its holdings in shares of Antero Resources by 1.3% during the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after acquiring an additional 61,490 shares in the last quarter. M&T Bank Corp boosted its position in shares of Antero Resources by 3.2% during the 3rd quarter. M&T Bank Corp now owns 24,155 shares of the oil and natural gas company’s stock valued at $692,000 after acquiring an additional 743 shares during the last quarter. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in shares of Antero Resources in the third quarter valued at $430,000. Institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on AR shares. Bank of America started coverage on shares of Antero Resources in a research note on Monday, October 28th. They set a “buy” rating and a $36.00 price target on the stock. Raymond James upped their target price on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Morgan Stanley dropped their price target 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. UBS Group raised their price objective on Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Finally, The Goldman Sachs Group dropped their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, September 6th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $34.78.

Antero Resources Stock Up 1.5 %

Shares of NYSE AR opened at $35.57 on Friday. Antero Resources Co. has a 52-week low of $20.56 and a 52-week high of $36.28. The firm has a market capitalization of $11.07 billion, a price-to-earnings ratio of 254.07 and a beta of 3.42. The stock has a 50 day moving average price of $31.30 and a 200 day moving average price of $29.70. 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 Company 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.