Empowered Funds LLC Makes New $5.22 Million Investment in Antero Resources Corporation $AR

Empowered Funds LLC acquired a new stake in Antero Resources Corporation (NYSE:AR) in the 2nd quarter, according to the company in its most recent filing with the SEC. The firm acquired 148,686 shares of the oil and natural gas company’s stock, valued at approximately $5,225,000.

Other hedge funds have also recently modified their holdings of the company. NewEdge Advisors LLC grew its holdings in shares of Antero Resources by 16,498.3% in the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after acquiring an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its holdings in Antero Resources by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after acquiring an additional 43,312 shares during the period. Focus Partners Wealth lifted its holdings in Antero Resources by 18.9% during the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after acquiring an additional 3,169 shares during the period. EverSource Wealth Advisors LLC lifted its holdings in Antero Resources by 701.3% during the second quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after acquiring an additional 2,616 shares during the period. Finally, Daiwa Securities Group Inc. boosted its position in Antero Resources by 22.5% in the second quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock worth $1,470,000 after purchasing an additional 6,700 shares during the last quarter. Institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Mizuho upped their price objective on Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Citigroup lowered their target price on Antero Resources from $53.00 to $45.00 and set a “buy” rating on the stock in a research note on Monday, August 3rd. JPMorgan Chase & Co. cut their price target on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Morgan Stanley restated an “overweight” rating and set a $49.00 price target on shares of Antero Resources in a research report on Wednesday, August 19th. Finally, Weiss Ratings upgraded shares of Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $48.31.

Antero Resources Stock Performance

NYSE:AR opened at $38.57 on Tuesday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The business has a fifty day simple moving average of $35.63 and a two-hundred day simple moving average of $36.92. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The company has a market capitalization of $11.86 billion, a P/E ratio of 11.08 and a beta of 0.34.

About Antero Resources

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.