Vaughan Nelson Investment Management L.P. Sells 2,685,841 Shares of Antero Resources Co. (NYSE:AR)

Vaughan Nelson Investment Management L.P. cut its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 61.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,693,008 shares of the oil and natural gas company's stock after selling 2,685,841 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.54% of Antero Resources worth $59,340,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Geode Capital Management LLC boosted its holdings in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company's stock worth $139,054,000 after purchasing an additional 61,490 shares during the last quarter. Janney Montgomery Scott LLC lifted its holdings in shares of Antero Resources by 83.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock valued at $928,000 after buying an additional 12,062 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of Antero Resources by 4.8% in the 3rd 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 last quarter. Capital CS Group LLC bought a new stake in shares of Antero Resources in the fourth quarter worth $615,000. Finally, Franklin Resources Inc. increased its position in Antero Resources by 40.6% during the third quarter. Franklin Resources Inc. now owns 756,128 shares of the oil and natural gas company's stock valued at $21,209,000 after acquiring an additional 218,517 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

AR stock traded down $0.67 during mid-day trading on Wednesday, hitting $39.35. The company had a trading volume of 4,787,276 shares, compared to its average volume of 4,861,790. The company has a market capitalization of $12.24 billion, a price-to-earnings ratio of 281.07 and a beta of 3.33. The company has a 50-day moving average price of $36.09 and a 200 day moving average price of $31.04. 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 Co. has a 12-month low of $20.56 and a 12-month high of $41.53.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 EPS for the quarter, beating analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a negative return on equity of 0.59% and a net margin of 1.03%. On average, research analysts anticipate that Antero Resources Co. will post -0.11 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Mizuho boosted their price target on Antero Resources from $35.00 to $40.00 and gave the company a "neutral" rating in a research note on Monday, December 16th. The Goldman Sachs Group boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Citigroup upped their target price on shares of Antero Resources from $29.00 to $35.00 and gave the company a "neutral" rating in a report on Friday, December 6th. Benchmark reiterated a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. upped their price objective on Antero Resources from $36.00 to $38.00 and gave the stock an "overweight" rating in a research note on Tuesday, January 14th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $39.00.

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.