Assenagon Asset Management S.A. Sells 140,885 Shares of Antero Resources Co. (NYSE:AR)

Assenagon Asset Management S.A. cut its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 8.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,606,419 shares of the oil and natural gas company's stock after selling 140,885 shares during the quarter. Assenagon Asset Management S.A. owned approximately 0.52% of Antero Resources worth $56,305,000 at the end of the most recent reporting period.

A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC increased its position in Antero Resources by 15.8% in 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 acquiring an additional 418 shares in the last quarter. Icon Wealth Advisors LLC grew its stake in shares of 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 purchasing an additional 460 shares during the last quarter. Chickasaw Capital Management LLC increased its holdings 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 valued at $273,000 after purchasing an additional 500 shares in the last quarter. Wedmont Private Capital increased its holdings in shares of Antero Resources by 4.2% in 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 in the last quarter. Finally, UMB Bank n.a. raised its position in 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 purchasing an additional 686 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on AR shares. Citigroup increased their price objective on Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a research report on Friday, December 6th. Raymond James raised their price target on Antero Resources from $34.00 to $44.00 and gave the company a "strong-buy" rating in a report on Thursday, November 21st. StockNews.com raised Antero Resources to a "sell" rating in a report on Thursday. Bank of America started coverage on shares of Antero Resources in a research report on Monday, October 28th. They set a "buy" rating and a $36.00 target price on the stock. Finally, Truist Financial lifted their price target on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $36.35.

Antero Resources Trading Up 0.9 %

NYSE:AR traded up $0.36 on Thursday, reaching $40.59. The company's stock had a trading volume of 6,107,069 shares, compared to its average volume of 5,473,697. Antero Resources Co. has a 1-year low of $20.56 and a 1-year high of $40.93. The business's 50-day moving average price is $33.19 and its two-hundred day moving average price is $29.98. The firm has a market cap of $12.63 billion, a PE ratio of 289.93 and a beta of 3.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current 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.