Principal Financial Group Inc. Sells 295,845 Shares of Antero Resources Co. (NYSE:AR)

Principal Financial Group Inc. lessened its position in shares of Antero Resources Co. (NYSE:AR) by 30.4% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 676,899 shares of the oil and natural gas company’s stock after selling 295,845 shares during the period. Principal Financial Group Inc. owned about 0.22% of Antero Resources worth $19,393,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of AR. UMB Bank n.a. lifted its position in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 686 shares in the last quarter. Allspring Global Investments Holdings LLC grew its stake in Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares in the last quarter. Mattson Financial Services LLC acquired a new position in shares of Antero Resources during the 2nd quarter worth approximately $64,000. GAMMA Investing LLC raised its stake in shares of Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares in the last quarter. Finally, Payden & Rygel Investment Group acquired a new stake in shares of Antero Resources in the 1st quarter valued at approximately $113,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of recent analyst reports. Roth Capital raised Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Wells Fargo & Company dropped their price target on Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a research note on Friday, October 18th. Citigroup began coverage on shares of Antero Resources in a report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price objective on the stock. The Goldman Sachs Group cut their target price on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Finally, StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have given 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, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.83.

Antero Resources Stock Down 2.5 %

NYSE AR opened at $30.41 on Friday. The business has a fifty day moving average price of $27.91 and a two-hundred day moving average price of $30.10. The stock has a market capitalization of $9.46 billion, a PE ratio of 217.21 and a beta of 3.36. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

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.