The Manufacturers Life Insurance Company Trims Stake in Antero Resources Corporation $AR

The Manufacturers Life Insurance Company lowered its position in Antero Resources Corporation (NYSE:AR) by 7.0% during the 1st quarter, HoldingsChannel reports. The firm owned 266,267 shares of the oil and natural gas company’s stock after selling 19,922 shares during the period. The Manufacturers Life Insurance Company’s holdings in Antero Resources were worth $11,300,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Brandywine Global Investment Management LLC grew its holdings in shares of Antero Resources by 77.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock worth $7,425,000 after purchasing an additional 94,260 shares in the last quarter. Kailix Advisors LLC lifted its position in Antero Resources by 15.5% during the fourth quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company’s stock valued at $12,905,000 after purchasing an additional 50,150 shares during the last quarter. Diamond Hill Capital Management Inc. lifted its position in Antero Resources by 10.8% during the fourth quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock valued at $22,743,000 after purchasing an additional 64,378 shares during the last quarter. Northwestern Mutual Wealth Management Co. grew its stake in Antero Resources by 1,399.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 67,016 shares of the oil and natural gas company’s stock worth $2,309,000 after buying an additional 62,547 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Antero Resources by 22.5% in the 4th quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company’s stock worth $106,868,000 after buying an additional 569,817 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

AR has been the topic of several research reports. UBS Group raised their price objective on shares of Antero Resources from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Friday. Texas Capital raised Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Citigroup lowered their price target on Antero Resources from $53.00 to $45.00 and set a “buy” rating on the stock in a research report on Monday. Mizuho lifted their price target on Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a research note on Thursday, June 25th. Finally, Jefferies Financial Group reiterated a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a report on Friday, May 1st. Three equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $48.53.

Antero Resources Stock Performance

Shares of AR stock opened at $36.46 on Tuesday. The company has a market capitalization of $11.21 billion, a P/E ratio of 10.48 and a beta of 0.33. 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 stock has a 50 day moving average price of $34.81 and a two-hundred day moving average price of $36.46. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.