Fmr LLC Cuts Position in Antero Resources Co. (NYSE:AR)

FMR LLC decreased its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 14.9% in the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 37,086,320 shares of the oil and natural gas company's stock after selling 6,502,261 shares during the quarter. FMR LLC owned 11.92% of Antero Resources worth $1,062,523,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AR. UMB Bank n.a. grew its position in shares of Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock valued at $25,000 after purchasing an additional 686 shares during the period. Capital Performance Advisors LLP acquired a new stake in Antero Resources in the 3rd quarter worth about $45,000. Mattson Financial Services LLC purchased a new stake in Antero Resources during the 2nd quarter worth approximately $64,000. GAMMA Investing LLC grew its holdings in shares of Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company's stock worth $98,000 after buying an additional 655 shares in the last quarter. Finally, Innealta Capital LLC acquired a new stake in shares of Antero Resources in the second quarter valued at about $137,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of recent research reports. Wolfe Research upgraded 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 report on Wednesday, September 11th. StockNews.com raised Antero Resources to a "sell" rating in a report on Friday, November 1st. Scotiabank raised Antero Resources from a "sector perform" rating to a "sector outperform" rating and boosted their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Wells Fargo & Company cut their target price on Antero Resources from $25.00 to $24.00 and set an "underweight" rating for the company in a research note on Friday, October 18th. Finally, Truist Financial reduced their price target on Antero Resources from $29.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $33.50.

Antero Resources Trading Down 1.8 %

NYSE:AR traded down $0.61 during trading hours on Thursday, reaching $32.48. 3,844,336 shares of the stock were exchanged, compared to its average volume of 4,100,913. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The business has a 50-day moving average of $29.06 and a two-hundred day moving average of $30.00. The company has a market capitalization of $10.11 billion, a price-to-earnings ratio of 232.00 and a beta of 3.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Antero Resources 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.