Antero Resources Co. (NYSE:AR) Shares Acquired by GAMMA Investing LLC

GAMMA Investing LLC lifted its stake in shares of Antero Resources Co. (NYSE:AR) by 15.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,064 shares of the oil and natural gas company’s stock after buying an additional 418 shares during the period. GAMMA Investing LLC’s holdings in Antero Resources were worth $107,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also made changes to their positions in AR. HITE Hedge Asset Management LLC lifted its stake in shares of Antero Resources by 537.2% during the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock worth $27,352,000 after buying an additional 804,851 shares during the period. Wellington Management Group LLP lifted its position in Antero Resources by 4.0% during the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after purchasing an additional 675,053 shares during the period. Kailix Advisors LLC acquired a new position in Antero Resources during the third quarter valued at $17,327,000. Driehaus Capital Management LLC acquired a new position in Antero Resources during the second quarter valued at $17,307,000. Finally, Assenagon Asset Management S.A. lifted its position in Antero Resources by 36.3% during 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 purchasing an additional 464,970 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Up 1.3 %

AR opened at $38.34 on Friday. Antero Resources Co. has a twelve month low of $20.56 and a twelve month high of $39.43. 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 company has a 50-day moving average price of $32.23 and a 200 day moving average price of $29.84. The company has a market cap of $11.93 billion, a PE ratio of 273.86 and a beta of 3.37.

Analysts Set New Price Targets

A number of research firms recently issued reports on AR. BMO Capital Markets boosted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Truist Financial decreased their target price on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Morgan Stanley decreased their target price on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Citigroup boosted their target price on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Finally, Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their target price for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $34.78.

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.