Envestnet Asset Management Inc. Purchases 27,105 Shares of Antero Resources Co. (NYSE:AR)

Envestnet Asset Management Inc. increased its position in Antero Resources Co. (NYSE:AR - Free Report) by 87.7% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 58,017 shares of the oil and natural gas company's stock after buying an additional 27,105 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Antero Resources were worth $1,893,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Allspring Global Investments Holdings LLC increased its position in Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company's stock valued at $28,000 after purchasing an additional 892 shares during the period. Mather Group LLC. acquired a new stake in Antero Resources during the 1st quarter valued at approximately $37,000. GAMMA Investing LLC increased its position in Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company's stock valued at $98,000 after purchasing an additional 655 shares during the period. Manchester Capital Management LLC boosted its holdings in shares of Antero Resources by 382.1% during the 1st quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company's stock worth $98,000 after buying an additional 2,675 shares in the last quarter. Finally, Benjamin F. Edwards & Company Inc. boosted its holdings in shares of Antero Resources by 11.3% during the 1st quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company's stock worth $98,000 after buying an additional 343 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on AR. Mizuho cut their price target on Antero Resources from $37.00 to $35.00 and set a "neutral" rating on the stock in a report on Monday, September 16th. Truist Financial cut their price target on Antero Resources from $29.00 to $28.00 and set a "hold" rating on the stock in a report on Monday, September 30th. Barclays cut their target price on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating on the stock in a report on Thursday. Jefferies Financial Group increased their target price on Antero Resources from $40.00 to $41.00 and gave the stock a "buy" rating in a report on Thursday, July 11th. Finally, Wolfe Research upgraded Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 target price on the stock in a report on Wednesday, September 11th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $32.59.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 50,000 shares of Antero Resources stock in a transaction dated Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the sale, the insider now owns 248,363 shares in the company, valued at approximately $6,268,682.12. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. 6.70% of the stock is owned by corporate insiders.

Antero Resources Stock Performance

AR traded down $0.10 during trading hours on Monday, hitting $29.89. The stock had a trading volume of 2,577,512 shares, compared to its average volume of 4,146,555. The company's fifty day simple moving average is $27.28 and its 200 day simple moving average is $30.39. Antero Resources Co. has a 1 year low of $20.10 and a 1 year high of $36.28. The stock has a market cap of $9.29 billion, a PE ratio of 149.95 and a beta of 3.33. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22.

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

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.