35,940 Antero Resources Corporation $AR Shares Sold by Jefferies Financial Group Inc.

Jefferies Financial Group Inc. trimmed its stake in Antero Resources Corporation (NYSE:AR) by 52.3% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 32,808 shares of the oil and natural gas company’s stock after selling 35,940 shares during the period. Jefferies Financial Group Inc.’s holdings in Antero Resources were worth $1,095,000 as of its most recent SEC filing.

A number of other large investors have also made changes to their positions in AR. Machina Capital S.A.S. lifted its stake in shares of Antero Resources by 25.9% in the third quarter. Machina Capital S.A.S. now owns 24,821 shares of the oil and natural gas company’s stock valued at $829,000 after buying an additional 5,100 shares during the period. Lido Advisors LLC increased its stake in Antero Resources by 78.2% during the third quarter. Lido Advisors LLC now owns 17,559 shares of the oil and natural gas company’s stock valued at $586,000 after acquiring an additional 7,706 shares during the period. Keybank National Association OH bought a new position in Antero Resources during the third quarter valued at about $314,000. AlphaCore Capital LLC increased its stake in Antero Resources by 84.3% during the third quarter. AlphaCore Capital LLC now owns 26,342 shares of the oil and natural gas company’s stock valued at $880,000 after acquiring an additional 12,049 shares during the period. Finally, Retirement Systems of Alabama raised its holdings in Antero Resources by 6.6% in the 3rd quarter. Retirement Systems of Alabama now owns 796,106 shares of the oil and natural gas company’s stock valued at $26,582,000 after acquiring an additional 49,470 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have commented on AR shares. Wells Fargo & Company lifted their price objective on Antero Resources from $57.00 to $58.00 and gave the stock an “overweight” rating in a report on Friday, October 30th. Truist Financial upped their target price on Antero Resources from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, October 30th. Morgan Stanley raised their target price on Antero Resources from $49.00 to $51.00 and gave the stock an “overweight” rating in a research report on Thursday, October 15th. Raymond James Financial lifted their price target on shares of Antero Resources from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, September 1st. Finally, Weiss Ratings upgraded shares of Antero Resources from a “buy (b-)” rating to a “buy (b)” rating in a research note on Wednesday. Five research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $48.74.

Antero Resources Price Performance

Shares of AR traded up $0.01 during trading hours on Friday, hitting $38.72. The stock had a trading volume of 3,248,901 shares, compared to its average volume of 4,665,985. The stock has a market capitalization of $11.89 billion, a price-to-earnings ratio of 8.74 and a beta of 0.50. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.39 and a quick ratio of 0.39. The company’s fifty day moving average is $37.42 and its two-hundred day moving average is $36.98. Antero Resources Corporation has a 52 week low of $31.15 and a 52 week high of $45.75.

Antero Resources Company Profile

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio. The company’s products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.