Kailix Advisors LLC Purchases Shares of 604,785 Antero Resources Co. (NYSE:AR)

Kailix Advisors LLC acquired a new stake in Antero Resources Co. (NYSE:AR - Free Report) during the 3rd quarter, according to its most recent filing with the SEC. The institutional investor acquired 604,785 shares of the oil and natural gas company's stock, valued at approximately $17,327,000. Antero Resources accounts for approximately 14.6% of Kailix Advisors LLC's investment portfolio, making the stock its 4th largest holding. Kailix Advisors LLC owned approximately 0.19% of Antero Resources as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Capital Performance Advisors LLP bought a new position in shares of Antero Resources in the third quarter valued at approximately $45,000. Confluence Investment Management LLC raised its stake in shares of Antero Resources by 7.8% in the third quarter. Confluence Investment Management LLC now owns 19,939 shares of the oil and natural gas company's stock worth $571,000 after acquiring an additional 1,440 shares during the last quarter. Mariner Investment Group LLC acquired a new position in shares of Antero Resources during the third quarter worth approximately $430,000. VELA Investment Management LLC increased its holdings in shares of Antero Resources by 135.6% in the third quarter. VELA Investment Management LLC now owns 73,816 shares of the oil and natural gas company's stock valued at $2,115,000 after purchasing an additional 42,488 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Antero Resources by 18.2% during the 3rd quarter. US Bancorp DE now owns 134,629 shares of the oil and natural gas company's stock worth $3,857,000 after buying an additional 20,777 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Up 2.0 %

Shares of Antero Resources stock traded up $0.56 on Friday, reaching $29.23. 3,034,710 shares of the company were exchanged, compared to its average volume of 3,813,733. The company has a market capitalization of $9.10 billion, a price-to-earnings ratio of 208.79 and a beta of 3.36. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28. The company has a 50-day moving average of $27.48 and a 200 day moving average of $30.13.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AR shares. Roth Capital upgraded shares of Antero Resources to a "strong-buy" rating in a research report on Tuesday, August 27th. Truist Financial dropped their target price on shares of Antero Resources from $29.00 to $28.00 and set a "hold" rating for the company in a research report on Monday, September 30th. Wolfe Research raised 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. Scotiabank raised Antero Resources from a "sector perform" rating to a "sector outperform" rating and increased their target price for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. Finally, Roth Mkm started coverage on Antero Resources in a research report on Tuesday, August 27th. They set a "buy" rating and a $32.00 target price for the company. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and an average price target of $32.83.

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.