129,878 Shares in Antero Resources Corporation $AR Bought by Jupiter Topco LLC

Jupiter Topco LLC bought a new position in shares of Antero Resources Corporation (NYSE:AR) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 129,878 shares of the oil and natural gas company’s stock, valued at approximately $4,566,000.

Several other large investors also recently bought and sold shares of AR. Brandywine Global Investment Management LLC lifted its holdings in shares of Antero Resources by 77.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after purchasing an additional 94,260 shares in the last quarter. Kailix Advisors LLC raised its position in shares of Antero Resources by 15.5% during the 4th quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company’s stock worth $12,905,000 after purchasing an additional 50,150 shares during the last quarter. BIP Wealth LLC acquired a new position in shares of Antero Resources during the 2nd quarter worth approximately $1,633,000. Diamond Hill Capital Management Inc. lifted its stake in Antero Resources by 10.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock valued at $22,743,000 after buying an additional 64,378 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its stake in Antero Resources by 22.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company’s stock valued at $106,868,000 after buying an additional 569,817 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

AR stock opened at $38.57 on Tuesday. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75. The stock’s fifty day simple moving average is $35.63 and its 200-day simple moving average is $36.92. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $11.86 billion, a price-to-earnings ratio of 11.08 and a beta of 0.34.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Benchmark raised their price target on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. UBS Group upped their price objective on Antero Resources from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Truist Financial decreased their price objective on Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a research note on Thursday, July 9th. JPMorgan Chase & Co. dropped their price objective on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Finally, The Goldman Sachs Group reduced their target price on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating on the stock in a report on Tuesday, June 30th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $48.31.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.