Antero Resources Co. (NYSE:AR) Shares Sold by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC cut its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 10.2% during the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 521,707 shares of the oil and natural gas company's stock after selling 59,372 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned about 0.17% of Antero Resources worth $14,947,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Diversified Trust Co acquired a new position in shares of Antero Resources during the second quarter worth about $1,154,000. Massachusetts Financial Services Co. MA grew its position in Antero Resources by 4.8% during the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company's stock worth $76,342,000 after buying an additional 122,815 shares during the period. Vaughan Nelson Investment Management L.P. grew its position in Antero Resources by 269.4% during the second 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 buying an additional 2,893,395 shares during the period. Connor Clark & Lunn Investment Management Ltd. grew its position in Antero Resources by 85.1% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company's stock worth $4,810,000 after buying an additional 77,193 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Antero Resources in the second quarter valued at about $17,307,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the stock. 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 report on Monday, September 30th. Wells Fargo & Company cut their price target on shares of Antero Resources from $25.00 to $24.00 and set an "underweight" rating on the stock in a research note on Friday, October 18th. Morgan Stanley dropped their price objective on shares of Antero Resources from $39.00 to $38.00 and set an "overweight" rating for the company in a research report on Monday, September 16th. Roth Mkm assumed coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They issued a "buy" rating and a $32.00 price objective for the company. Finally, Barclays dropped their price objective on shares of Antero Resources from $32.00 to $30.00 and set an "equal weight" rating for the company in a research report on Thursday, October 3rd. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $33.83.

Antero Resources Stock Performance

NYSE:AR traded down $0.67 during mid-day trading on Friday, hitting $31.09. The stock had a trading volume of 3,515,833 shares, compared to its average volume of 3,619,883. The stock has a market capitalization of $9.67 billion, a price-to-earnings ratio of 222.07 and a beta of 3.42. The company has a 50 day simple moving average of $29.61 and a 200-day simple moving average of $29.91. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28. 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 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.