HighTower Advisors LLC Sells 80,997 Shares of Antero Resources Corporation $AR

HighTower Advisors LLC decreased its stake in Antero Resources Corporation (NYSE:AR) by 35.4% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 147,494 shares of the oil and natural gas company’s stock after selling 80,997 shares during the period. HighTower Advisors LLC’s holdings in Antero Resources were worth $5,183,000 at the end of the most recent reporting period.

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

Wall Street Analyst Weigh In

Several research firms recently weighed in on AR. Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Benchmark boosted their price target on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Barclays cut their price target on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. Weiss Ratings upgraded Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Thursday, September 3rd. Finally, Citigroup decreased their price objective on Antero Resources from $53.00 to $45.00 and set a “buy” rating on the stock in a report on Monday, August 3rd. Four equities research 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 data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $48.72.

Antero Resources Trading Up 0.1%

Shares of AR stock opened at $39.14 on Friday. Antero Resources Corporation has a 52-week low of $29.10 and a 52-week high of $45.75. The stock has a market cap of $12.03 billion, a price-to-earnings ratio of 11.25 and a beta of 0.35. 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 firm has a fifty day moving average of $36.36 and a 200-day moving average of $37.19.

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.