Antero Resources Co. (NYSE:AR) Holdings Lifted by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. grew its holdings in shares of Antero Resources Co. (NYSE:AR) by 269.4% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 3,967,300 shares of the oil and natural gas company’s stock after purchasing an additional 2,893,395 shares during the quarter. Antero Resources accounts for 1.2% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 23rd biggest position. Vaughan Nelson Investment Management L.P.’s holdings in Antero Resources were worth $129,453,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Wellington Management Group LLP raised its position in shares of Antero Resources by 33.7% during the 4th quarter. Wellington Management Group LLP now owns 10,537,261 shares of the oil and natural gas company’s stock worth $238,985,000 after buying an additional 2,655,604 shares in the last quarter. Dimensional Fund Advisors LP increased its position in shares of Antero Resources by 28.5% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,659,033 shares of the oil and natural gas company’s stock valued at $128,352,000 after purchasing an additional 1,253,510 shares during the period. CUSHING ASSET MANAGEMENT LP dba NXG INVESTMENT MANAGEMENT bought a new stake in shares of Antero Resources in the 1st quarter worth $35,734,000. Bank of New York Mellon Corp lifted its holdings in shares of Antero Resources by 11.6% in the first quarter. Bank of New York Mellon Corp now owns 8,840,690 shares of the oil and natural gas company’s stock valued at $256,380,000 after buying an additional 917,338 shares during the period. Finally, William Blair Investment Management LLC bought a new position in Antero Resources during the first quarter valued at about $25,288,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Antero Resources

In related news, insider Yvette K. Schultz sold 50,000 shares of the stock in a transaction on Monday, August 5th. The stock was sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the completion of the sale, the insider now directly owns 248,363 shares in the company, valued at $6,268,682.12. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In related news, insider Sheri Pearce sold 16,377 shares of the stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $35.50, for a total value of $581,383.50. Following the transaction, the insider now owns 77,460 shares in the company, valued at $2,749,830. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Yvette K. Schultz sold 50,000 shares of the firm’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total transaction of $1,262,000.00. Following the transaction, the insider now directly owns 248,363 shares in the company, valued at approximately $6,268,682.12. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have weighed in on AR. The Goldman Sachs Group upped their price target on shares of Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a report on Tuesday, May 28th. Mizuho increased their price objective on Antero Resources from $29.00 to $37.00 and gave the company a “neutral” rating in a research report on Monday, May 13th. StockNews.com upgraded Antero Resources to a “sell” rating in a report on Friday, April 26th. Wolfe Research assumed coverage on Antero Resources in a report on Thursday, July 18th. They set a “peer perform” rating for the company. Finally, Scotiabank lifted their price target on Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research note on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $33.38.

Antero Resources Stock Up 0.2 %

Shares of AR traded up $0.05 during trading hours on Friday, reaching $27.89. The company’s stock had a trading volume of 1,469,916 shares, compared to its average volume of 4,250,398. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.22. The firm has a market cap of $8.67 billion, a price-to-earnings ratio of 139.45 and a beta of 3.40. The company has a 50 day moving average of $30.78 and a two-hundred day moving average of $29.70. Antero Resources Co. has a 1-year low of $20.10 and a 1-year high of $36.28.

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.