Antero Resources Co. (NYSE:AR) is HITE Hedge Asset Management LLC's 8th Largest Position

HITE Hedge Asset Management LLC raised its stake in Antero Resources Co. (NYSE:AR - Free Report) by 537.2% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 954,685 shares of the oil and natural gas company's stock after acquiring an additional 804,851 shares during the period. Antero Resources makes up 3.2% of HITE Hedge Asset Management LLC's portfolio, making the stock its 8th largest holding. HITE Hedge Asset Management LLC owned approximately 0.31% of Antero Resources worth $27,352,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in AR. HighTower Advisors LLC boosted its position in shares of Antero Resources by 21.5% during the 3rd quarter. HighTower Advisors LLC now owns 18,432 shares of the oil and natural gas company's stock valued at $532,000 after acquiring an additional 3,266 shares during the last quarter. Concentric Capital Strategies LP purchased a new stake in shares of Antero Resources during the 3rd quarter valued at about $4,631,000. True Wealth Design LLC purchased a new position in Antero Resources in the third quarter worth about $30,000. Maverick Capital Ltd. bought a new stake in Antero Resources during the third quarter worth approximately $1,535,000. Finally, PDT Partners LLC boosted its holdings in shares of Antero Resources by 2.2% in the 3rd quarter. PDT Partners LLC now owns 141,884 shares of the oil and natural gas company's stock worth $4,065,000 after purchasing an additional 3,084 shares during the period. Institutional investors own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the stock. StockNews.com raised shares of Antero Resources to a "sell" rating in a research note on Friday, November 1st. Wolfe Research raised 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 research note on Wednesday, September 11th. Raymond James upped their target price on Antero Resources from $34.00 to $44.00 and gave the company a "strong-buy" rating in a research note on Thursday, November 21st. Roth Capital raised Antero Resources to a "strong-buy" rating in a research note on Tuesday, August 27th. Finally, Bank of America started coverage on Antero Resources in a research note on Monday, October 28th. They issued a "buy" rating and a $36.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $33.50.

Antero Resources Trading Up 1.0 %

Antero Resources stock traded up $0.31 during trading on Tuesday, reaching $32.10. 4,078,037 shares of the company were exchanged, compared to its average volume of 3,661,276. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The company has a market capitalization of $9.99 billion, a P/E ratio of 229.29 and a beta of 3.42. The stock's 50 day simple moving average is $29.33 and its two-hundred day simple moving average is $29.94. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick 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.