Empirical Finance LLC Purchases New Stake in Antero Resources Corporation $AR

Empirical Finance LLC acquired a new position in shares of Antero Resources Corporation (NYSE:AR) during the second quarter, Holdings Channel.com reports. The institutional investor acquired 16,300 shares of the oil and natural gas company’s stock, valued at approximately $573,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. VELA Investment Management LLC lifted its holdings in Antero Resources by 27.2% in the second quarter. VELA Investment Management LLC now owns 128,815 shares of the oil and natural gas company’s stock valued at $4,527,000 after acquiring an additional 27,585 shares during the period. Corient Private Wealth LP boosted its position in shares of Antero Resources by 105.5% during the 2nd quarter. Corient Private Wealth LP now owns 84,253 shares of the oil and natural gas company’s stock worth $2,961,000 after purchasing an additional 43,246 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al purchased a new stake in shares of Antero Resources during the 2nd quarter worth $682,000. California State Teachers Retirement System grew its stake in shares of Antero Resources by 3,427.9% during the 2nd quarter. California State Teachers Retirement System now owns 11,957,720 shares of the oil and natural gas company’s stock worth $420,194,000 after purchasing an additional 11,618,775 shares during the period. Finally, Readystate Asset Management LP acquired a new position in shares of Antero Resources during the 2nd quarter worth $15,103,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $49.00 price target on shares of Antero Resources in a report on Wednesday, August 19th. Wells Fargo & Company upped their target price on shares of Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Raymond James Financial increased their target price on shares of Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday, September 1st. Mizuho increased their target price on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a report on Thursday, June 25th. Finally, The Goldman Sachs Group lifted their price target on shares of Antero Resources from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday, September 2nd. Four equities research analysts have rated the stock with a Strong Buy rating, twelve have assigned a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $48.72.

Antero Resources Stock Up 0.1%

Antero Resources stock opened at $39.14 on Friday. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The firm has a market capitalization of $12.03 billion, a price-to-earnings ratio of 11.25 and a beta of 0.35. The stock’s fifty day moving average is $36.36 and its two-hundred day moving average is $37.19. 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 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.