Rhumbline Advisers Has $31.55 Million Stock Holdings in Antero Resources Corporation $AR

Rhumbline Advisers cut its position in Antero Resources Corporation (NYSE:AR) by 1.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 783,197 shares of the oil and natural gas company’s stock after selling 11,008 shares during the period. Rhumbline Advisers owned 0.25% of Antero Resources worth $31,547,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AR. SVB Wealth LLC acquired a new stake in Antero Resources in the first quarter valued at approximately $26,000. Huntington National Bank grew its position in Antero Resources by 91.3% in the 2nd quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after purchasing an additional 313 shares during the period. FNY Investment Advisers LLC increased its stake in Antero Resources by 9,900.0% during the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after purchasing an additional 1,485 shares in the last quarter. Caitong International Asset Management Co. Ltd acquired a new position in Antero Resources during the second quarter worth $162,000. Finally, Geneos Wealth Management Inc. lifted its stake in shares of Antero Resources by 10.1% in the first quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company’s stock valued at $164,000 after buying an additional 371 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Performance

AR stock opened at $35.16 on Thursday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. The firm has a market cap of $10.85 billion, a PE ratio of 18.70 and a beta of 0.62. The business has a 50 day moving average of $33.12 and a 200-day moving average of $34.98. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $44.01.

Wall Street Analysts Forecast Growth

AR has been the subject of several recent research reports. Morgan Stanley decreased their target price 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. JPMorgan Chase & Co. decreased their price objective on Antero Resources from $49.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Mizuho dropped their target price on Antero Resources from $49.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. Jefferies Financial Group cut their target price on Antero Resources from $50.00 to $47.00 and set a “buy” rating on the stock in a research report on Friday, October 3rd. Finally, Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and lowered their price target for the company from $44.00 to $32.00 in a research report on Monday, August 18th. One research analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price of $44.00.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Brendan E. Krueger bought 5,000 shares of the firm’s stock in a transaction dated Friday, November 7th. The stock was purchased at an average cost of $33.35 per share, with a total value of $166,750.00. Following the transaction, the insider directly owned 295,917 shares in the company, valued at $9,868,831.95. This trade represents a 1.72% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.30% of the stock is owned by company insiders.

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.