Oppenheimer & Co. Inc. Raises Stake in Antero Resources Corp (NYSE:AR)
Oppenheimer & Co. Inc. raised its holdings in Antero Resources Corp (NYSE:AR) by 36.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 48,917 shares of the oil and natural gas company’s stock after acquiring an additional 13,050 shares during the period. Oppenheimer & Co. Inc.’s holdings in Antero Resources were worth $271,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently made changes to their positions in AR. Board of Trustees of The Leland Stanford Junior University grew its position in shares of Antero Resources by 198.0% in the 1st quarter. Board of Trustees of The Leland Stanford Junior University now owns 6,693,966 shares of the oil and natural gas company’s stock worth $59,108,000 after buying an additional 4,447,772 shares during the last quarter. Thompson Siegel & Walmsley LLC raised its position in Antero Resources by 21.5% during the first quarter. Thompson Siegel & Walmsley LLC now owns 11,220,124 shares of the oil and natural gas company’s stock valued at $99,074,000 after purchasing an additional 1,987,140 shares during the period. DDD Partners LLC purchased a new stake in shares of Antero Resources in the second quarter worth approximately $7,224,000. Acadian Asset Management LLC bought a new position in Antero Resources in the first quarter worth approximately $9,374,000. Finally, JPMorgan Chase & Co. grew its stake in Antero Resources by 46.0% in the first quarter. JPMorgan Chase & Co. now owns 3,198,782 shares of the oil and natural gas company’s stock worth $28,246,000 after purchasing an additional 1,007,490 shares in the last quarter. 95.06% of the stock is currently owned by institutional investors.
Shares of AR stock traded down $0.10 during trading on Friday, hitting $3.44. 3,046,707 shares of the stock traded hands, compared to its average volume of 9,871,602. The firm has a market capitalization of $1.17 billion, a P/E ratio of 4.47 and a beta of 0.79. The company has a debt-to-equity ratio of 0.78, a current ratio of 0.58 and a quick ratio of 0.58. Antero Resources Corp has a 52-week low of $2.78 and a 52-week high of $20.21. The firm’s fifty day moving average price is $3.73 and its 200-day moving average price is $6.37.
A number of equities analysts recently issued reports on the company. Goldman Sachs Group lowered Antero Resources from a “buy” rating to a “neutral” rating in a research note on Friday, September 6th. Zacks Investment Research raised Antero Resources from a “hold” rating to a “buy” rating and set a $5.50 target price on the stock in a research report on Friday, July 12th. Capital One Financial upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating in a research note on Tuesday, June 18th. TD Securities lowered their target price on shares of Antero Resources from $9.00 to $7.50 and set a “buy” rating for the company in a research note on Friday, August 2nd. Finally, Morgan Stanley upped their price objective on shares of Antero Resources from $6.00 to $6.25 and gave the company an “equal weight” rating in a research note on Friday, July 12th. Two analysts have rated the stock with a sell rating, eleven have given a hold rating and five have given a buy rating to the company. The company has a consensus rating of “Hold” and an average target price of $11.48.
About Antero Resources
Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2018, the company had approximately 486,000 net acres in the southwestern core of the Marcellus Shale; 125,000 net acres in the core of the Utica Shale; and 209,000 net acres of Marcellus Shale leasehold.
Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corp (NYSE:AR).
Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.