Antero Resources Corporation $AR Shares Newly Purchased by MBL Wealth LLC

MBL Wealth LLC bought a new stake in shares of Antero Resources Corporation (NYSE:AR) during the 3rd quarter, HoldingsChannel reports. The firm bought 26,433 shares of the oil and natural gas company’s stock, valued at approximately $883,000.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. State of Alaska Department of Revenue boosted its stake in shares of Antero Resources by 1.0% in the third quarter. State of Alaska Department of Revenue now owns 29,126 shares of the oil and natural gas company’s stock valued at $972,000 after purchasing an additional 285 shares during the period. Nisa Investment Advisors LLC increased its stake in Antero Resources by 0.7% during the 3rd quarter. Nisa Investment Advisors LLC now owns 42,333 shares of the oil and natural gas company’s stock worth $1,413,000 after buying an additional 291 shares during the period. Fifth Third Wealth Advisors LLC lifted its holdings in Antero Resources by 4.3% in the 1st quarter. Fifth Third Wealth Advisors LLC now owns 9,362 shares of the oil and natural gas company’s stock worth $397,000 after buying an additional 389 shares in the last quarter. Arizona State Retirement System increased its position in shares of Antero Resources by 0.5% during the second quarter. Arizona State Retirement System now owns 80,875 shares of the oil and natural gas company’s stock worth $2,842,000 after acquiring an additional 394 shares during the last quarter. Finally, Twin Capital Management Inc. increased its position in shares of Antero Resources by 1.5% during the first quarter. Twin Capital Management Inc. now owns 30,195 shares of the oil and natural gas company’s stock worth $1,281,000 after acquiring an additional 437 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Up 3.1%

NYSE:AR opened at $40.25 on Friday. The company has a market capitalization of $12.37 billion, a price-to-earnings ratio of 11.57 and a beta of 0.54. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The stock has a 50-day simple moving average of $37.14 and a 200 day simple moving average of $36.41. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40.

Analysts Set New Price Targets

AR has been the topic of several recent analyst reports. Mizuho cut their price target on Antero Resources from $57.00 to $51.00 and set an “outperform” rating on the stock in a research note on Thursday, October 8th. JPMorgan Chase & Co. lowered their price objective on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research note on Wednesday, July 8th. Weiss Ratings downgraded shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Monday, October 12th. Citigroup dropped their price target on shares of Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Finally, Jefferies Financial Group cut their price target on shares of Antero Resources from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Five equities research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average price target of $48.11.

Antero Resources Company Profile

Antero Resources Corporation is an independent energy company engaged in the development, production, exploration and acquisition of natural gas, natural gas liquids (NGLs) and oil. The company’s operations are focused primarily on the Appalachian Basin in the United States.

Antero Resources holds extensive interests in the Marcellus and Utica shale formations, with drilling and production activities concentrated in West Virginia and Ohio. Its product portfolio includes natural gas, ethane, propane, butane, natural gasoline and oil or condensate, which are marketed to domestic and international energy customers.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.