Empowered Funds LLC Lowers Holdings in Antero Resources Co. (NYSE:AR)

Empowered Funds LLC cut its holdings in Antero Resources Co. (NYSE:AR) by 4.5% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,185 shares of the oil and natural gas company’s stock after selling 4,244 shares during the period. Empowered Funds LLC’s holdings in Antero Resources were worth $2,584,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in the business. KBC Group NV lifted its holdings in Antero Resources by 12.4% in the 3rd quarter. KBC Group NV now owns 8,086 shares of the oil and natural gas company’s stock worth $232,000 after purchasing an additional 889 shares in the last quarter. MQS Management LLC bought a new stake in Antero Resources in the 3rd quarter worth approximately $223,000. Barnett & Company Inc. bought a new stake in Antero Resources in the 3rd quarter worth approximately $510,000. Versor Investments LP increased its stake in Antero Resources by 271.1% in the 3rd quarter. Versor Investments LP now owns 44,900 shares of the oil and natural gas company’s stock worth $1,286,000 after acquiring an additional 32,800 shares during the last quarter. Finally, Kailix Advisors LLC bought a new stake in Antero Resources in the 3rd quarter worth approximately $17,327,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on AR. Roth Mkm began coverage on Antero Resources in a research note on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price objective on the stock. Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Truist Financial reduced their price objective on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. StockNews.com raised Antero Resources to a “sell” rating in a research report on Friday, November 1st. Finally, Morgan Stanley cut their target price on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, September 16th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $32.83.

Antero Resources Price Performance

Shares of AR stock opened at $31.91 on Wednesday. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The stock has a market capitalization of $9.93 billion, a price-to-earnings ratio of 227.93 and a beta of 3.36. The stock has a fifty day simple moving average of $28.28 and a two-hundred day simple moving average of $30.02. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

About Antero Resources

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.