Jefferies Financial Group Inc. Boosts Stock Holdings in Antero Resources Corporation $AR

Jefferies Financial Group Inc. increased its stake in shares of Antero Resources Corporation (NYSE:AR) by 9.5% during the second quarter, HoldingsChannel.com reports. The fund owned 1,956,918 shares of the oil and natural gas company’s stock after purchasing an additional 169,133 shares during the period. Antero Resources makes up 0.7% of Jefferies Financial Group Inc.’s holdings, making the stock its 7th largest position. Jefferies Financial Group Inc.’s holdings in Antero Resources were worth $78,825,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Coldstream Capital Management Inc. grew its holdings in Antero Resources by 6.4% during the second quarter. Coldstream Capital Management Inc. now owns 5,451 shares of the oil and natural gas company’s stock valued at $220,000 after purchasing an additional 328 shares during the last quarter. Sierra Summit Advisors LLC bought a new stake in shares of Antero Resources during the 2nd quarter worth $805,000. Charles Schwab Investment Management Inc. grew its stake in Antero Resources by 2.7% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,056,543 shares of the oil and natural gas company’s stock valued at $82,838,000 after buying an additional 53,119 shares during the last quarter. AXQ Capital LP grew its stake in Antero Resources by 229.2% in the 2nd quarter. AXQ Capital LP now owns 40,276 shares of the oil and natural gas company’s stock valued at $1,622,000 after buying an additional 28,040 shares during the last quarter. Finally, Journey Strategic Wealth LLC raised its holdings in Antero Resources by 14.5% in the 2nd quarter. Journey Strategic Wealth LLC now owns 9,435 shares of the oil and natural gas company’s stock worth $380,000 after acquiring an additional 1,197 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AR has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. decreased their price target on shares of Antero Resources from $49.00 to $44.00 and set an “overweight” rating for the company in a report on Thursday, October 2nd. Zacks Research raised Antero Resources from a “strong sell” rating to a “hold” rating in a research report on Tuesday, November 11th. UBS Group lowered their target price on Antero Resources from $43.00 to $42.00 and set a “buy” rating on the stock in a report on Monday, September 15th. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a report on Wednesday, August 13th. Finally, Roth Capital lowered shares of Antero Resources from a “buy” rating to a “neutral” rating and dropped their target price for the stock from $44.00 to $32.00 in a research report on Monday, August 18th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $44.00.

Insider Activity

In other Antero Resources news, insider Brendan E. Krueger acquired 5,000 shares of Antero Resources stock in a transaction dated Friday, November 7th. The stock was bought at an average cost of $33.35 per share, with a total value of $166,750.00. Following the acquisition, the insider owned 295,917 shares of the company’s stock, valued at approximately $9,868,831.95. The trade was a 1.72% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 6.30% of the company’s stock.

Antero Resources Stock Performance

Shares of NYSE AR opened at $33.56 on Monday. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 17.85 and a beta of 0.62. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01. The business has a fifty day simple moving average of $33.00 and a 200 day simple moving average of $35.04. 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 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.