24,659 Antero Resources Corporation $AR Shares Sold by State of Wyoming

State of Wyoming decreased its stake in shares of Antero Resources Corporation (NYSE:AR) by 80.0% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,152 shares of the oil and natural gas company’s stock after selling 24,659 shares during the period. State of Wyoming’s holdings in Antero Resources were worth $205,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the stock. Parcion Private Wealth LLC boosted its stake in Antero Resources by 122.2% in the 3rd quarter. Parcion Private Wealth LLC now owns 20,224 shares of the oil and natural gas company’s stock worth $675,000 after purchasing an additional 11,123 shares during the period. Soltis Investment Advisors LLC bought a new position in Antero Resources during the 3rd quarter worth about $386,000. North Dakota State Investment Board raised its stake in shares of Antero Resources by 5.5% in the 3rd quarter. North Dakota State Investment Board now owns 9,088 shares of the oil and natural gas company’s stock valued at $303,000 after purchasing an additional 471 shares during the period. VestGen Advisors LLC acquired a new stake in shares of Antero Resources in the 3rd quarter valued at about $409,000. Finally, SYM FINANCIAL Corp raised its stake in shares of Antero Resources by 49.2% in the 3rd quarter. SYM FINANCIAL Corp now owns 8,899 shares of the oil and natural gas company’s stock valued at $297,000 after purchasing an additional 2,933 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Down 0.7%

Antero Resources stock opened at $36.14 on Friday. The company has a market cap of $11.10 billion, a P/E ratio of 8.16 and a beta of 0.50. Antero Resources Corporation has a 1-year low of $31.15 and a 1-year high of $45.75. The company has a fifty day simple moving average of $37.55 and a 200 day simple moving average of $36.89. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.27.

Analyst Ratings Changes

AR has been the topic of a number of research reports. Jefferies Financial Group cut their price target on Antero Resources from $60.00 to $56.00 and set a “buy” rating on the stock in a report on Friday, October 2nd. Raymond James Financial increased their price objective on Antero Resources from $50.00 to $55.00 and gave the stock a “strong-buy” rating in a report on Tuesday, September 1st. Mizuho dropped their target price on Antero Resources from $57.00 to $51.00 and set an “outperform” rating on the stock in a research report on Thursday, October 8th. Scotiabank assumed coverage on Antero Resources in a research report on Wednesday, October 14th. They issued a “sector outperform” rating and a $46.00 target price on the stock. Finally, Wolfe Research restated an “outperform” rating and issued a $48.00 target price on shares of Antero Resources in a research note on Thursday, July 30th. Five analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $48.74.

About Antero Resources

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio.

The company’s products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.

Founded in 2002, Antero Resources is headquartered in Denver, Colorado.