Vaughan Nelson Investment Management L.P. Acquires 411,549 Shares of Antero Resources Co. (NYSE:AR)

Vaughan Nelson Investment Management L.P. lifted its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 10.4% during the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,378,849 shares of the oil and natural gas company's stock after buying an additional 411,549 shares during the period. Antero Resources makes up approximately 1.1% of Vaughan Nelson Investment Management L.P.'s portfolio, making the stock its 29th biggest holding. Vaughan Nelson Investment Management L.P. owned 1.41% of Antero Resources worth $125,452,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of AR. 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 valued at $25,000 after acquiring an additional 686 shares during the period. Allspring Global Investments Holdings LLC lifted its stake in Antero Resources by 1,311.8% in 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 purchasing an additional 892 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Antero Resources during the third quarter valued at $45,000. Mattson Financial Services LLC bought a new stake in shares of Antero Resources in the second quarter valued at $64,000. Finally, GAMMA Investing LLC lifted its position in shares of Antero Resources by 27.8% during the 2nd 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 owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have commented on AR. JPMorgan Chase & Co. dropped their price objective on shares of Antero Resources from $37.00 to $30.00 and set an "overweight" rating on the stock in a report on Thursday, September 12th. Morgan Stanley dropped their price target on shares of Antero Resources from $39.00 to $38.00 and set an "overweight" rating on the stock in a research note on Monday, September 16th. Wolfe Research upgraded shares of Antero Resources from a "peer perform" rating to an "outperform" rating and set a $37.00 price objective for the company in a research note on Wednesday, September 11th. Barclays dropped their target price on Antero Resources from $32.00 to $30.00 and set an "equal weight" rating on the stock in a research report on Thursday, October 3rd. Finally, Citigroup assumed coverage on Antero Resources in a research report on Tuesday, September 17th. They issued a "neutral" rating and a $29.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $32.83.

Antero Resources Trading Up 0.3 %

Shares of AR traded up $0.08 during trading hours on Friday, reaching $30.49. 2,445,390 shares of the company traded hands, compared to its average volume of 3,941,534. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The company has a market capitalization of $9.49 billion, a price-to-earnings ratio of 217.79 and a beta of 3.36. The company's fifty day moving average price is $28.01 and its two-hundred day moving average price is $30.05. The company has a quick ratio of 0.28, a current 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.