Citigroup Inc. Grows Holdings in Antero Resources Co. (NYSE:AR)

Citigroup Inc. lifted its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 15.9% in the third quarter, according to its most recent filing with the SEC. The firm owned 178,053 shares of the oil and natural gas company's stock after acquiring an additional 24,455 shares during the period. Citigroup Inc. owned approximately 0.06% of Antero Resources worth $5,101,000 as of its most recent filing with the SEC.

Other hedge funds have also made changes to their positions in the company. Price T Rowe Associates Inc. MD lifted its position in shares of Antero Resources by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 151,281 shares of the oil and natural gas company's stock worth $4,388,000 after purchasing an additional 8,877 shares in the last quarter. Cetera Advisors LLC acquired a new stake in Antero Resources during the 1st quarter valued at approximately $247,000. GAMMA Investing LLC boosted its holdings 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 buying an additional 655 shares in the last quarter. CWM LLC lifted its stake in Antero Resources by 242.7% during the 2nd quarter. CWM LLC now owns 9,177 shares of the oil and natural gas company's stock valued at $299,000 after acquiring an additional 6,499 shares in the last quarter. Finally, Simplicity Wealth LLC purchased a new stake in shares of Antero Resources during the 2nd quarter valued at $257,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Price Performance

Shares of Antero Resources stock traded up $0.31 on Tuesday, reaching $32.10. The stock had a trading volume of 4,078,037 shares, compared to its average volume of 3,661,276. Antero Resources Co. has a 1 year low of $20.10 and a 1 year high of $36.28. The company has a market cap of $9.99 billion, a P/E ratio of 229.29 and a beta of 3.42. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The business's 50 day moving average is $29.33 and its two-hundred day moving average is $29.94.

Analyst Ratings Changes

A number of brokerages have recently issued reports on AR. Raymond James lifted their price target on Antero Resources from $34.00 to $44.00 and gave the company a "strong-buy" rating in a research report on Thursday, November 21st. Mizuho dropped their price objective on Antero Resources from $37.00 to $35.00 and set a "neutral" rating on the stock in a research report on Monday, September 16th. BMO Capital Markets raised their price objective on Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. The Goldman Sachs Group reduced their price objective on Antero Resources from $36.00 to $32.00 and set a "buy" rating on the stock in a research note on Friday, September 6th. Finally, UBS Group dropped their price objective on Antero Resources from $33.00 to $31.00 and set a "neutral" rating for the company in a report on Monday, November 4th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $33.50.

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.