US Bancorp DE Has $3.86 Million Stock Position in Antero Resources Co. (NYSE:AR)

US Bancorp DE raised its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 18.2% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 134,629 shares of the oil and natural gas company's stock after acquiring an additional 20,777 shares during the period. US Bancorp DE's holdings in Antero Resources were worth $3,857,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. UMB Bank n.a. raised its position in shares of Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company's stock valued at $25,000 after buying an additional 686 shares during the last quarter. Allspring Global Investments Holdings LLC raised its position in shares of Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company's stock valued at $28,000 after buying an additional 892 shares during the last quarter. Mattson Financial Services LLC acquired a new position in shares of Antero Resources during the second quarter valued at about $64,000. Manchester Capital Management LLC raised its position in shares of Antero Resources by 382.1% during the first quarter. Manchester Capital Management LLC now owns 3,375 shares of the oil and natural gas company's stock valued at $98,000 after buying an additional 2,675 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company's stock valued at $98,000 after buying an additional 655 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of research analyst reports. StockNews.com raised shares of Antero Resources to a "sell" rating in a research report on Friday. Scotiabank raised shares of Antero Resources from a "sector perform" rating to a "sector outperform" rating and increased their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Roth Mkm began coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They issued a "buy" rating and a $32.00 price target for the company. BMO Capital Markets increased their price target on shares of Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a research report on Friday, October 4th. Finally, Jefferies Financial Group increased their price target on shares of Antero Resources from $40.00 to $41.00 and gave the stock a "buy" rating in a research report on Thursday, July 11th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus price target of $32.83.

Antero Resources Stock Performance

Shares of NYSE:AR traded up $0.12 on Tuesday, reaching $26.69. 2,804,754 shares of the company's stock were exchanged, compared to its average volume of 4,105,208. The company has a fifty day moving average of $27.36 and a 200-day moving average of $30.18. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The company has a market capitalization of $8.30 billion, a price-to-earnings ratio of 189.79 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 Company 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.