Integrated Wealth Concepts LLC Sells 565 Shares of Antero Resources Co. (NYSE:AR)

Integrated Wealth Concepts LLC cut its holdings in Antero Resources Co. (NYSE:AR) by 5.5% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,770 shares of the oil and natural gas company’s stock after selling 565 shares during the quarter. Integrated Wealth Concepts LLC’s holdings in Antero Resources were worth $280,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Cetera Advisors LLC bought a new stake in shares of Antero Resources during the 1st quarter valued at approximately $247,000. CWM LLC lifted its stake in shares of Antero Resources by 242.7% in the 2nd quarter. CWM LLC now owns 9,177 shares of the oil and natural gas company’s stock valued at $299,000 after acquiring an additional 6,499 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new stake in shares of Antero Resources during the 2nd quarter valued at $210,000. Wealth Enhancement Advisory Services LLC grew its position in Antero Resources by 21.1% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,254 shares of the oil and natural gas company’s stock worth $400,000 after acquiring an additional 2,133 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in Antero Resources by 5.7% in the 2nd quarter. Assenagon Asset Management S.A. now owns 1,282,334 shares of the oil and natural gas company’s stock worth $41,843,000 after purchasing an additional 69,172 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

Shares of AR stock opened at $33.05 on Friday. The firm has a 50 day moving average of $29.84 and a 200-day moving average of $29.86. The company has a market cap of $10.28 billion, a price-to-earnings ratio of 236.07 and a beta of 3.42. 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 52 week low of $20.34 and a 52 week high of $36.28.

Analyst Ratings Changes

Several analysts have recently weighed in on AR shares. JPMorgan Chase & Co. reduced their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $40.00 to $44.00 in a report on Tuesday, August 20th. Citigroup raised their price target on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research note on Friday, December 6th. Barclays reduced their price objective on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 3rd. Finally, Mizuho cut their target price on Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a report on Monday, September 16th. Two research analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.06.

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.