Antero Resources Co. (NYSE:AR) Shares Sold by State Street Corp

State Street Corp decreased its position in Antero Resources Co. (NYSE:AR - Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 11,159,999 shares of the oil and natural gas company's stock after selling 115,886 shares during the period. State Street Corp owned 3.59% of Antero Resources worth $319,734,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in the company. Icon Wealth Advisors LLC lifted its position in Antero Resources by 5.8% in the third quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company's stock valued at $242,000 after buying an additional 460 shares during the last quarter. Chickasaw Capital Management LLC lifted its holdings in shares of Antero Resources by 5.5% in the 3rd quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company's stock worth $273,000 after acquiring an additional 500 shares during the last quarter. Wedmont Private Capital lifted its holdings in shares of Antero Resources by 4.2% in the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company's stock worth $505,000 after acquiring an additional 681 shares during the last quarter. UMB Bank n.a. boosted 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 during the period. Finally, Signaturefd LLC increased its holdings in Antero Resources by 19.9% in the 3rd quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company's stock valued at $121,000 after purchasing an additional 702 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on AR. Wolfe Research upgraded Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price target for the company in a research report on Wednesday, September 11th. Scotiabank upgraded Antero Resources from a "sector perform" rating to a "sector outperform" rating and raised their target price for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. 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. Mizuho dropped their price objective on shares of Antero Resources from $37.00 to $35.00 and set a "neutral" rating for the company in a report on Monday, September 16th. Finally, The Goldman Sachs Group reduced their target price on shares of Antero Resources from $36.00 to $32.00 and set a "buy" rating on the stock in a report on Friday, September 6th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued 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 price target of $34.06.

Antero Resources Stock Up 6.0 %

NYSE:AR traded up $1.85 during midday trading on Wednesday, hitting $32.90. 4,150,955 shares of the company were exchanged, compared to its average volume of 4,069,742. 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 Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The company has a market capitalization of $10.24 billion, a PE ratio of 231.50 and a beta of 3.42. The company has a fifty day simple moving average of $29.71 and a 200 day simple moving average of $29.82.

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.