Oxbow Advisors LLC Makes New $6 Million Investment in Antero Resources Corporation $AR

Oxbow Advisors LLC purchased a new stake in Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 170,853 shares of the oil and natural gas company’s stock, valued at approximately $6,004,000. Oxbow Advisors LLC owned approximately 0.06% of Antero Resources as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of AR. BlackRock Inc. acquired a new position in shares of Antero Resources during the 2nd quarter worth approximately $966,982,000. Bank of New York Mellon Corp acquired a new stake in shares of Antero Resources in the second quarter valued at approximately $106,063,000. Diamond Hill Capital Management LLC Investment Advisor acquired a new stake in shares of Antero Resources in the second quarter valued at approximately $100,212,000. Assenagon Asset Management S.A. boosted its stake in shares of Antero Resources by 177.4% in the first quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock valued at $153,261,000 after buying an additional 2,309,388 shares during the period. Finally, AQR Capital Management LLC boosted its stake in shares of Antero Resources by 140.2% in the third quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after buying an additional 2,023,828 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Up 1.9%

Shares of AR opened at $37.10 on Wednesday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75. The firm has a market cap of $11.41 billion, a price-to-earnings ratio of 10.66 and a beta of 0.34. The business’s fifty day moving average is $34.91 and its 200-day moving average is $36.68.

Analysts Set New Price Targets

AR has been the subject of a number of recent analyst reports. Barclays cut their target price on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday. Weiss Ratings raised Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Benchmark upped their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Finally, Morgan Stanley reduced their price objective on shares of Antero Resources from $56.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Three analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the stock. According to MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $48.25.

Antero Resources Company Profile

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.