Assenagon Asset Management S.A. Grows Holdings in Antero Resources Co. (NYSE:AR)

Assenagon Asset Management S.A. raised its stake in Antero Resources Co. (NYSE:AR - Free Report) by 36.3% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,747,304 shares of the oil and natural gas company's stock after acquiring an additional 464,970 shares during the quarter. Assenagon Asset Management S.A. owned about 0.56% of Antero Resources worth $50,060,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. UMB Bank n.a. grew its position in shares of Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock worth $25,000 after purchasing an additional 686 shares in the last quarter. Allspring Global Investments Holdings LLC grew its position in shares of 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 worth $28,000 after purchasing an additional 892 shares in the last quarter. Mattson Financial Services LLC acquired a new position in shares of Antero Resources during the 2nd quarter worth approximately $64,000. Benjamin F. Edwards & Company Inc. grew its position 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 purchasing an additional 343 shares in the last quarter. Finally, Manchester Capital Management LLC grew its position 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 purchasing an additional 2,675 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have issued reports on AR shares. Roth Mkm initiated coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They set a "buy" rating and a $32.00 target price on the stock. JPMorgan Chase & Co. reduced their price target on shares of Antero Resources from $37.00 to $30.00 and set an "overweight" rating on the stock in a research report on Thursday, September 12th. Wolfe Research upgraded shares of Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price target on the stock in a research report on Wednesday, September 11th. Truist Financial reduced 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, September 30th. Finally, Roth Capital upgraded shares of Antero Resources to a "strong-buy" rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $32.76.

Insiders Place Their Bets

In other Antero Resources news, insider Yvette K. Schultz sold 50,000 shares of the firm's stock in a transaction on Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the completion of the sale, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 6.70% of the company's stock.

Antero Resources Trading Up 0.2 %

Shares of AR stock traded up $0.05 during trading hours on Friday, hitting $27.74. 3,664,759 shares of the company's stock traded hands, compared to its average volume of 4,086,777. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The stock's 50 day simple moving average is $27.47 and its 200 day simple moving average is $30.31. The stock has a market cap of $8.62 billion, a PE ratio of 138.45 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 earnings results on Wednesday, July 31st. The oil and natural gas company reported ($0.24) earnings per share 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 firm had revenue of $978.65 million for the quarter, compared to the consensus estimate of $980.20 million. On average, sell-side analysts anticipate that Antero Resources Co. will post -0.21 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.