Antero Resources Co. (NYSE:AR) Shares Bought by Payden & Rygel

Payden & Rygel increased its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 1,172.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,760 shares of the oil and natural gas company's stock after acquiring an additional 45,850 shares during the quarter. Payden & Rygel's holdings in Antero Resources were worth $1,426,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AR. Vaughan Nelson Investment Management L.P. increased its position in shares of Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company's stock worth $129,453,000 after purchasing an additional 2,893,395 shares during the last quarter. Natixis Advisors LLC increased its holdings in Antero Resources by 488.7% in the second quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company's stock valued at $46,624,000 after buying an additional 1,186,163 shares during the last quarter. Acadian Asset Management LLC increased its holdings in Antero Resources by 7,781.2% in the second quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company's stock valued at $31,113,000 after buying an additional 941,756 shares during the last quarter. Kailix Advisors LLC acquired a new stake in Antero Resources during the third quarter valued at approximately $17,327,000. Finally, Driehaus Capital Management LLC bought a new position in Antero Resources during the 2nd quarter worth approximately $17,307,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on AR. Roth Mkm initiated coverage on Antero Resources in a research report on Tuesday, August 27th. They set a "buy" rating and a $32.00 price target on the stock. Morgan Stanley dropped their target price on shares of Antero Resources from $39.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, September 16th. Wolfe Research raised shares of Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price target for the company in a report on Wednesday, September 11th. BMO Capital Markets increased their price objective on shares of Antero Resources from $33.00 to $34.00 and gave the stock a "market perform" rating in a research note on Friday, October 4th. Finally, Raymond James lifted 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. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $33.50.

Antero Resources Price Performance

AR stock traded up $0.22 during trading on Thursday, hitting $33.40. The company had a trading volume of 6,863,932 shares, compared to its average volume of 4,098,098. The firm has a market capitalization of $10.39 billion, a price-to-earnings ratio of 238.57 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. The business has a 50 day moving average of $28.55 and a 200 day moving average of $30.06. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28.

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.