Antero Resources Corporation $AR Shares Sold by Mutual of America Capital Management LLC

Mutual of America Capital Management LLC lowered its position in Antero Resources Corporation (NYSE:AR) by 3.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 145,161 shares of the oil and natural gas company’s stock after selling 5,388 shares during the period. Mutual of America Capital Management LLC’s holdings in Antero Resources were worth $5,847,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. SVB Wealth LLC acquired a new stake in Antero Resources in the first quarter valued at about $26,000. Bessemer Group Inc. lifted its position in shares of Antero Resources by 64.7% during the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company’s stock valued at $42,000 after acquiring an additional 411 shares during the period. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources during the 1st quarter valued at approximately $56,000. Morse Asset Management Inc acquired a new stake in shares of Antero Resources during the 1st quarter valued at approximately $142,000. Finally, Geneos Wealth Management Inc. lifted its position in shares of Antero Resources by 10.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company’s stock valued at $164,000 after acquiring an additional 371 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

AR has been the subject of a number of research reports. Morgan Stanley reduced their price target on shares of Antero Resources from $47.00 to $44.00 and set an “overweight” rating for the company in a research report on Tuesday, October 14th. Mizuho reduced their price target on shares of Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. JPMorgan Chase & Co. reduced their price target on shares of Antero Resources from $49.00 to $44.00 and set an “overweight” rating for the company in a research report on Thursday, October 2nd. Scotiabank reissued an “outperform” rating on shares of Antero Resources in a research note on Wednesday, August 13th. Finally, Weiss Ratings reissued a “hold (c-)” rating on shares of Antero Resources in a research note on Wednesday, October 8th. One analyst has rated the stock with a Strong Buy rating, ten have assigned a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $44.13.

Antero Resources Stock Up 2.1%

AR stock opened at $32.51 on Wednesday. The stock has a market capitalization of $10.04 billion, a P/E ratio of 20.70 and a beta of 0.56. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. Antero Resources Corporation has a one year low of $25.36 and a one year high of $44.01. The company has a 50 day moving average price of $32.35 and a two-hundred day moving average price of $35.20.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). The firm had revenue of $1.30 billion during the quarter, compared to analysts’ expectations of $1.30 billion. Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The firm’s revenue was up 32.6% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.21) earnings per share. As a group, sell-side analysts expect that Antero Resources Corporation will post 2.74 EPS for the current year.

Antero Resources 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.