Summit Trail Advisors LLC Buys 672 Shares of Antero Resources Co. (NYSE:AR)

Summit Trail Advisors LLC lifted its stake in Antero Resources Co. (NYSE:AR) by 0.1% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 581,076 shares of the oil and natural gas company’s stock after acquiring an additional 672 shares during the period. Summit Trail Advisors LLC owned 0.19% of Antero Resources worth $16,648,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Price T Rowe Associates Inc. MD boosted its stake in Antero Resources by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 151,281 shares of the oil and natural gas company’s stock valued at $4,388,000 after acquiring an additional 8,877 shares in the last quarter. Progeny 3 Inc. boosted its position in shares of Antero Resources by 93.8% in the 1st quarter. Progeny 3 Inc. now owns 382,400 shares of the oil and natural gas company’s stock worth $11,090,000 after purchasing an additional 185,100 shares in the last quarter. Kahn Brothers Group Inc. purchased a new position in Antero Resources during the 1st quarter worth $875,000. Cetera Advisors LLC acquired a new position in Antero Resources during the 1st quarter valued at about $247,000. Finally, Confluence Investment Management LLC raised its stake in Antero Resources by 3.4% in the second quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock valued at $604,000 after buying an additional 616 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

AR opened at $33.11 on Friday. The firm has a fifty day moving average price of $28.68 and a 200 day moving average price of $30.02. Antero Resources Co. has a 1 year low of $20.10 and a 1 year high of $36.28. The stock has a market cap of $10.30 billion, a P/E ratio of 236.50 and a beta of 3.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Analysts Set New Price Targets

AR has been the topic of a number of research analyst reports. JPMorgan Chase & Co. dropped their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Mizuho cut their price target on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Truist Financial lowered their price objective on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Raymond James upped their target price on Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Thursday. Finally, Barclays reduced their target price on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. 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 issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.50.

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.