Tidal Investments LLC Reduces Holdings in Antero Resources Corporation $AR

Tidal Investments LLC trimmed its stake in shares of Antero Resources Corporation (NYSE:AR) by 21.0% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 139,734 shares of the oil and natural gas company’s stock after selling 37,242 shares during the quarter. Tidal Investments LLC’s holdings in Antero Resources were worth $4,910,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also bought and sold shares of AR. Brandywine Global Investment Management LLC increased its stake in shares of Antero Resources by 77.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock worth $7,425,000 after buying an additional 94,260 shares during the period. BIP Wealth LLC purchased a new stake in Antero Resources during the 2nd quarter valued at $1,633,000. Diamond Hill Capital Management Inc. grew its holdings in Antero Resources by 10.8% in the 4th quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock worth $22,743,000 after acquiring an additional 64,378 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of Antero Resources by 22.5% in the fourth quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company’s stock valued at $106,868,000 after acquiring an additional 569,817 shares during the period. Finally, BlackRock Inc. bought a new position in shares of Antero Resources during the second quarter valued at about $966,982,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

Shares of AR opened at $38.43 on Monday. The company has a 50-day simple moving average of $36.43 and a two-hundred day simple moving average of $37.22. 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 firm has a market capitalization of $11.81 billion, a PE ratio of 11.04 and a beta of 0.35. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75.

Wall Street Analyst Weigh In

AR has been the subject of a number of analyst reports. Weiss Ratings upgraded shares of Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday, September 3rd. Raymond James Financial upped their price target on Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 1st. Mizuho increased their price objective on Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. JPMorgan Chase & Co. reduced their target price on Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Finally, Truist Financial decreased their target price on Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a report on Thursday, July 9th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the company. According to data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $48.72.

Antero Resources Profile

Antero Resources Corporation (NYSE: AR) is an independent oil and natural gas exploration and production company. Its operations are focused primarily on developing unconventional reserves in the Appalachian Basin, where it produces natural gas, natural gas liquids (NGLs) and oil.

The company’s core properties are located in the Marcellus and Utica shale plays of West Virginia and Ohio. Its products include natural gas and NGLs such as ethane, propane, butane and natural gasoline, which are marketed to customers in domestic and international energy markets.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.