Antero Resources Co. (NYSE:AR) Shares Bought by Wellington Management Group LLP

Wellington Management Group LLP boosted its position in shares of Antero Resources Co. (NYSE:AR) by 4.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 17,460,062 shares of the oil and natural gas company’s stock after buying an additional 675,053 shares during the period. Wellington Management Group LLP owned 0.06% of Antero Resources worth $500,231,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in AR. Vaughan Nelson Investment Management L.P. boosted its position in Antero Resources by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after purchasing an additional 411,549 shares during the period. Merewether Investment Management LP increased its stake in shares of Antero Resources by 4.6% in the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after buying an additional 128,200 shares in the last quarter. Massachusetts Financial Services Co. MA raised its position in 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 purchasing an additional 122,815 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its position in Antero Resources by 1.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock valued at $55,278,000 after purchasing an additional 27,617 shares during the period. Finally, Assenagon Asset Management S.A. lifted its holdings in Antero Resources by 36.3% in the third 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.

Antero Resources Trading Down 2.1 %

Shares of AR opened at $31.09 on Friday. The firm has a market capitalization of $9.67 billion, a P/E ratio of 222.07 and a beta of 3.42. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock’s fifty day simple moving average is $29.61 and its 200 day simple moving average is $29.91.

Analyst Ratings Changes

Several analysts have issued reports on AR shares. Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the company from $40.00 to $44.00 in a research note on Tuesday, August 20th. The Goldman Sachs Group dropped their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. StockNews.com raised Antero Resources to a “sell” rating in a report on Friday, November 1st. Bank of America started coverage on Antero Resources in a research note on Monday, October 28th. They issued a “buy” rating and a $36.00 price target for the company. Finally, Roth Capital raised Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $33.83.

Antero Resources 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.