VELA Investment Management LLC Raises Stock Position in Antero Resources Corporation $AR

VELA Investment Management LLC increased its position in shares of Antero Resources Corporation (NYSE:AR) by 28.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 134,472 shares of the oil and natural gas company’s stock after acquiring an additional 29,986 shares during the quarter. Antero Resources comprises 1.0% of VELA Investment Management LLC’s holdings, making the stock its 29th biggest position. VELA Investment Management LLC’s holdings in Antero Resources were worth $4,725,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AR. Eastern Bank purchased a new position in Antero Resources in the second quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in shares of Antero Resources in the 2nd quarter worth $29,000. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources in the 3rd quarter worth $30,000. IFP Advisors Inc grew its stake in Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares during the last quarter. Finally, Rakuten Securities Inc. acquired a new position in Antero Resources during the 2nd quarter valued at about $31,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 0.0%

Antero Resources stock opened at $39.42 on Monday. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The business’s 50-day simple moving average is $36.02 and its two-hundred day simple moving average is $37.06. The company has a market cap of $12.12 billion, a PE ratio of 11.33 and a beta of 0.35. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Citigroup cut their price objective on shares of Antero Resources from $53.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Raymond James Financial increased their price objective on shares of Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday, September 1st. Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, Wolfe Research reissued an “outperform” rating and set a $48.00 target price on shares of Antero Resources in a research report on Thursday, July 30th. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and five have given a Hold rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $49.12.

Antero Resources 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.