Payden & Rygel Increases Stake in Antero Resources Co. (NYSE:AR)

Payden & Rygel boosted its position in Antero Resources Co. (NYSE:AR) by 1,172.6% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 49,760 shares of the oil and natural gas company’s stock after acquiring an additional 45,850 shares during the period. Payden & Rygel’s holdings in Antero Resources were worth $1,426,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. UMB Bank n.a. raised its position in shares of Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares during the period. Allspring Global Investments Holdings LLC raised its holdings in Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after acquiring an additional 892 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Antero Resources during the third quarter worth $45,000. Mattson Financial Services LLC bought a new position in shares of Antero Resources in the second quarter worth $64,000. Finally, GAMMA Investing LLC grew its position in shares of Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

NYSE AR opened at $33.19 on Thursday. The firm has a market cap of $10.33 billion, a price-to-earnings ratio of 237.07 and a beta of 3.36. The company has a 50-day simple moving average of $28.41 and a two-hundred day simple moving average of $30.04. 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 $20.10 and a 12-month high of $36.28.

Wall Street Analyst Weigh In

AR has been the subject of several analyst reports. JPMorgan Chase & Co. cut their target price on Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. Wells Fargo & Company reduced their price objective on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a research note on Friday, October 18th. Citigroup started coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 target price on the stock. Roth Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, The Goldman Sachs Group lowered their price objective on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned 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 currently has a consensus rating of “Moderate Buy” and a consensus target price of $32.83.

Antero Resources Company 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.