Antero Resources Corporation $AR Shares Purchased by Vanguard Group Inc.

Vanguard Group Inc. boosted its stake in shares of Antero Resources Corporation (NYSE:AR) by 1.2% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 29,797,653 shares of the oil and natural gas company’s stock after acquiring an additional 350,018 shares during the period. Vanguard Group Inc. owned about 9.65% of Antero Resources worth $1,200,249,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AR. Invesco Ltd. increased its stake in shares of Antero Resources by 44.3% during the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company’s stock worth $179,567,000 after purchasing an additional 1,362,370 shares in the last quarter. Adage Capital Partners GP L.L.C. boosted its holdings in Antero Resources by 210.3% in the 1st quarter. Adage Capital Partners GP L.L.C. now owns 1,274,532 shares of the oil and natural gas company’s stock worth $51,542,000 after buying an additional 863,836 shares during the last quarter. Ameriprise Financial Inc. increased its stake in Antero Resources by 46.1% during the 1st quarter. Ameriprise Financial Inc. now owns 2,288,812 shares of the oil and natural gas company’s stock worth $92,563,000 after buying an additional 721,767 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Antero Resources by 96.2% during the first quarter. AQR Capital Management LLC now owns 1,269,904 shares of the oil and natural gas company’s stock valued at $51,355,000 after acquiring an additional 622,506 shares during the last quarter. Finally, Nuveen LLC purchased a new position in shares of Antero Resources in the first quarter valued at approximately $24,339,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AR. UBS Group dropped their price target on Antero Resources from $43.00 to $42.00 and set a “buy” rating for the company in a research report on Monday, September 15th. Morgan Stanley lowered their target price on shares of Antero Resources from $47.00 to $44.00 and set an “overweight” rating on the stock in a research note on Tuesday, October 14th. Barclays reduced their target price on shares of Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a research report on Thursday, October 30th. Weiss Ratings restated a “hold (c)” rating on shares of Antero Resources in a research report on Wednesday. Finally, JPMorgan Chase & Co. dropped their price objective on shares of Antero Resources from $49.00 to $44.00 and set an “overweight” rating for the company in a research note on Thursday, October 2nd. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $44.00.

Antero Resources Trading Up 0.7%

Shares of AR stock opened at $33.56 on Friday. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $44.01. The company’s 50-day moving average price is $33.00 and its 200-day moving average price is $35.05. The stock has a market cap of $10.35 billion, a price-to-earnings ratio of 17.85 and a beta of 0.62.

Insiders Place Their Bets

In other news, insider Brendan E. Krueger purchased 5,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was acquired at an average price of $33.35 per share, with a total value of $166,750.00. Following the purchase, the insider directly owned 295,917 shares in the company, valued at approximately $9,868,831.95. This represents a 1.72% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. 6.30% of the stock is owned by 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.