Principal Financial Group Inc. Lowers Holdings in Antero Resources Co. (NYSE:AR)

Principal Financial Group Inc. reduced its stake 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 (SEC). The institutional investor owned 676,899 shares of the oil and natural gas company’s stock after selling 295,845 shares during the quarter. Principal Financial Group Inc. owned about 0.22% of Antero Resources worth $19,393,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of AR. Icon Wealth Advisors LLC grew its holdings in Antero Resources by 5.8% during the 3rd quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock valued at $242,000 after buying an additional 460 shares in the last quarter. Chickasaw Capital Management LLC raised its stake in Antero Resources by 5.5% during the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock valued at $273,000 after purchasing an additional 500 shares in the last quarter. Wedmont Private Capital lifted its position in Antero Resources by 4.2% during the third quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock valued at $505,000 after purchasing an additional 681 shares during the last quarter. UMB Bank n.a. grew its stake in shares of Antero Resources by 357.3% in 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. Finally, Signaturefd LLC increased its holdings in shares of Antero Resources by 19.9% in the 3rd quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after buying an additional 702 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Down 1.3 %

NYSE AR opened at $32.81 on Friday. The company’s 50-day simple moving average is $30.51 and its two-hundred day simple moving average is $29.69. Antero Resources Co. has a one year low of $20.56 and a one year high of $36.28. The company has a market capitalization of $10.21 billion, a price-to-earnings ratio of 234.36 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.

Wall Street Analyst Weigh In

AR has been the subject of a number of analyst reports. Morgan Stanley lowered their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. JPMorgan Chase & Co. decreased their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Wednesday, September 11th. Mizuho increased their target price on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research note on Monday, December 16th. Finally, Bank of America assumed 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 for the company. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $34.78.

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.