Viking Fund Management LLC Has $4.91 Million Holdings in Antero Resources Co. (NYSE:AR)

Viking Fund Management LLC increased its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 40.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 140,000 shares of the oil and natural gas company's stock after purchasing an additional 40,000 shares during the quarter. Viking Fund Management LLC's holdings in Antero Resources were worth $4,907,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the stock. GAMMA Investing LLC raised its holdings in shares of Antero Resources by 15.8% during the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company's stock valued at $107,000 after purchasing an additional 418 shares in the last quarter. Icon Wealth Advisors LLC raised its holdings in Antero Resources by 5.8% during the third 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 lifted its position in shares of Antero Resources by 5.5% in the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company's stock worth $273,000 after buying an additional 500 shares during the last quarter. UMB Bank n.a. boosted its stake in shares of Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after acquiring an additional 523 shares in the last quarter. Finally, Atomi Financial Group Inc. increased its holdings in shares of Antero Resources by 6.4% during the 4th quarter. Atomi Financial Group Inc. now owns 9,261 shares of the oil and natural gas company's stock valued at $325,000 after acquiring an additional 559 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Price Performance

AR traded up $0.80 during midday trading on Wednesday, reaching $40.73. 4,247,968 shares of the company's stock were exchanged, compared to its average volume of 5,339,713. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The business has a 50-day simple moving average of $34.00 and a two-hundred day simple moving average of $30.18. The firm has a market capitalization of $12.67 billion, a price-to-earnings ratio of 290.91 and a beta of 3.37. Antero Resources Co. has a one year low of $20.56 and a one year high of $41.53.

Analyst Ratings Changes

A number of brokerages have issued reports on AR. Truist Financial upped their target price on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. Raymond James raised 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 note on Thursday, November 21st. Benchmark reiterated a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. Bank of America assumed coverage on shares of Antero Resources in a report on Monday, October 28th. They set a "buy" rating and a $36.00 price target for the company. Finally, UBS Group lifted their price objective on Antero Resources from $35.00 to $39.00 and gave the stock a "neutral" rating in a research note on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $36.88.

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.