AQR Capital Management LLC Has $15.78 Million Stock Position in Antero Resources Co. (NYSE:AR)

AQR Capital Management LLC grew its position in Antero Resources Co. (NYSE:AR - Free Report) by 1,021.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 483,725 shares of the oil and natural gas company's stock after acquiring an additional 440,578 shares during the period. AQR Capital Management LLC owned about 0.16% of Antero Resources worth $15,784,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the company. Diversified Trust Co bought a new stake in Antero Resources in the 2nd quarter valued at $1,154,000. MADDEN SECURITIES Corp raised its position in shares of Antero Resources by 38.5% in the first quarter. MADDEN SECURITIES Corp now owns 150,045 shares of the oil and natural gas company's stock valued at $4,351,000 after purchasing an additional 41,725 shares during the period. CHURCHILL MANAGEMENT Corp acquired a new stake in shares of Antero Resources during the 1st quarter worth about $1,544,000. GSA Capital Partners LLP bought a new stake in shares of Antero Resources during the 1st quarter worth about $1,022,000. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in Antero Resources by 47.1% in the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,073,905 shares of the oil and natural gas company's stock valued at $31,144,000 after acquiring an additional 343,905 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

AR has been the subject of a number of research analyst reports. Citigroup initiated coverage on Antero Resources in a report on Tuesday, September 17th. They set a "neutral" rating and a $29.00 price objective for the company. Scotiabank upgraded Antero Resources from a "sector perform" rating to a "sector outperform" rating and boosted their price target for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. Morgan Stanley lowered their price objective on Antero Resources from $39.00 to $38.00 and set an "overweight" rating on the stock in a research report on Monday, September 16th. Mizuho reduced their target price on shares of Antero Resources from $37.00 to $35.00 and set a "neutral" rating for the company in a research report on Monday, September 16th. Finally, Truist Financial lowered their price target on shares of Antero Resources from $29.00 to $28.00 and set a "hold" rating on the stock in a research report on Monday. Two equities research analysts have rated the stock with a sell rating, six have assigned a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $32.63.

Insider Activity at Antero Resources

In other news, insider Yvette K. Schultz sold 50,000 shares of the company's stock in a transaction that occurred on Monday, August 5th. The stock was sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the transaction, the insider now owns 248,363 shares of the company's stock, valued at $6,268,682.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 6.70% of the stock is currently owned by company insiders.

Antero Resources Price Performance

Antero Resources stock traded up $0.57 during midday trading on Wednesday, reaching $29.23. The company's stock had a trading volume of 3,475,834 shares, compared to its average volume of 4,159,133. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22. The stock has a market cap of $9.08 billion, a PE ratio of 144.90 and a beta of 3.33. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28. The business has a 50-day moving average price of $27.26 and a 200-day moving average price of $30.31.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.20) by ($0.04). Antero Resources had a return on equity of 0.45% and a net margin of 1.88%. The company had revenue of $978.65 million for the quarter, compared to analyst estimates of $980.20 million. On average, sell-side analysts predict that Antero Resources Co. will post 0.02 EPS for the current year.

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.