Barnett & Company Inc. Buys Shares of 17,800 Antero Resources Co. (NYSE:AR)

Barnett & Company Inc. purchased a new stake in Antero Resources Co. (NYSE:AR) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 17,800 shares of the oil and natural gas company’s stock, valued at approximately $510,000.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. raised its stake in Antero Resources by 1.3% during the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock valued at $813,932,000 after purchasing an additional 372,450 shares during the period. Vaughan Nelson Investment Management L.P. increased its holdings in shares of Antero Resources by 269.4% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after purchasing an additional 2,893,395 shares during the period. Merewether Investment Management LP boosted its holdings in shares of Antero Resources by 4.6% during the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock worth $96,061,000 after purchasing an additional 128,200 shares during the period. Massachusetts Financial Services Co. MA grew its position in Antero Resources by 17.6% during the second quarter. Massachusetts Financial Services Co. MA now owns 2,541,813 shares of the oil and natural gas company’s stock valued at $82,939,000 after purchasing an additional 381,310 shares in the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in Antero Resources by 36.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock valued at $50,060,000 after buying an additional 464,970 shares during the period. Institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages have commented on AR. Bank of America started coverage on Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price target on the stock. Roth Mkm assumed coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They set a “buy” rating and a $32.00 target price for the company. Roth Capital raised Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Truist Financial decreased their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research note on Monday, September 30th. Finally, Citigroup began coverage on Antero Resources in a report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price target for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Antero Resources Trading Down 0.6 %

NYSE AR traded down $0.19 during trading on Tuesday, reaching $31.48. 835,740 shares of the stock traded hands, compared to its average volume of 4,095,906. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28. The firm has a market cap of $9.80 billion, a price-to-earnings ratio of 224.93 and a beta of 3.36. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock’s 50-day moving average price is $27.57 and its 200 day moving average price is $30.11.

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.