Geode Capital Management LLC Has $139.05 Million Stock Position in Antero Resources Co. (NYSE:AR)

Geode Capital Management LLC lifted its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 1.3% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 4,852,246 shares of the oil and natural gas company's stock after acquiring an additional 61,490 shares during the quarter. Geode Capital Management LLC owned approximately 1.56% of Antero Resources worth $139,054,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. UMB Bank n.a. grew its holdings 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 in the last quarter. True Wealth Design LLC purchased a new position in shares of Antero Resources in the 3rd quarter worth $30,000. Capital Performance Advisors LLP bought a new stake in shares of Antero Resources in the 3rd quarter worth about $45,000. Mattson Financial Services LLC purchased a new stake in shares of Antero Resources during the 2nd quarter valued at about $64,000. Finally, Signaturefd LLC lifted 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 valued at $121,000 after acquiring an additional 702 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

Shares of AR stock remained flat at $31.58 during trading on Tuesday. 3,755,038 shares of the company traded hands, compared to its average volume of 4,053,797. The business's fifty day moving average is $29.92 and its 200-day moving average is $29.77. Antero Resources Co. has a twelve month low of $20.56 and a twelve month high of $36.28. The company has a market capitalization of $9.83 billion, a price-to-earnings ratio of 225.57 and a beta of 3.42. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Bank of America initiated coverage on Antero Resources in a report on Monday, October 28th. They issued a "buy" rating and a $36.00 price objective for the company. Roth Mkm started coverage on shares of Antero Resources in a report on Tuesday, August 27th. They set a "buy" rating and a $32.00 price objective on the stock. Barclays lowered their target price on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating for the company in a report on Thursday, October 3rd. JPMorgan Chase & Co. cut 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. Finally, Scotiabank upgraded Antero Resources from a "sector perform" rating to a "sector outperform" rating and upped their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. One 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 assigned a strong buy rating to the company. According to data from MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and a consensus price target of $34.78.

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.