Merewether Investment Management LP decreased its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 32.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,983,648 shares of the oil and natural gas company's stock after selling 960,300 shares during the period. Antero Resources makes up about 2.6% of Merewether Investment Management LP's holdings, making the stock its 16th biggest position. Merewether Investment Management LP owned approximately 0.64% of Antero Resources worth $56,832,000 as of its most recent SEC filing.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vaughan Nelson Investment Management L.P. boosted its stake in shares of Antero Resources by 10.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company's stock worth $125,452,000 after acquiring an additional 411,549 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Antero Resources by 4.8% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock valued at $76,342,000 after buying an additional 122,815 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in Antero Resources by 1.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company's stock valued at $55,278,000 after buying an additional 27,617 shares in the last quarter. Assenagon Asset Management S.A. lifted its stake in Antero Resources by 36.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company's stock valued at $50,060,000 after buying an additional 464,970 shares in the last quarter. Finally, Natixis Advisors LLC lifted its stake in Antero Resources by 6.2% in the 3rd quarter. Natixis Advisors LLC now owns 1,516,963 shares of the oil and natural gas company's stock valued at $43,461,000 after buying an additional 88,099 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.
Antero Resources Stock Down 1.7 %
NYSE AR traded down $0.56 during trading hours on Wednesday, hitting $31.52. The company had a trading volume of 2,819,597 shares, compared to its average volume of 4,084,752. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The company has a market capitalization of $9.81 billion, a price-to-earnings ratio of 229.29 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. The firm's 50 day moving average is $29.41 and its 200 day moving average is $29.92.
Analyst Ratings Changes
A number of equities research analysts recently issued reports on the company. UBS Group reduced their target price on Antero Resources from $33.00 to $31.00 and set a "neutral" rating on the stock in a research note on Monday, November 4th. 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. BMO Capital Markets increased their price target 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. Wolfe Research raised Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price target on the stock in a research note on Wednesday, September 11th. 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 research note on Monday, September 30th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $33.50.
Read Our Latest Analysis on Antero Resources
About Antero Resources
(
Free Report)
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.
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