S&CO Inc. Raises Stock Holdings in Antero Resources Corporation $AR

S&CO Inc. raised its position in shares of Antero Resources Corporation (NYSE:AR) by 57.0% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 464,398 shares of the oil and natural gas company’s stock after purchasing an additional 168,685 shares during the quarter. Antero Resources accounts for about 1.0% of S&CO Inc.’s holdings, making the stock its 29th biggest holding. S&CO Inc.’s holdings in Antero Resources were worth $15,585,000 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 the business. Neo Ivy Capital Management purchased a new position in shares of Antero Resources in the second quarter worth approximately $532,000. Stephens Investment Management Group LLC raised its position in Antero Resources by 4.5% in the third quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company’s stock worth $39,789,000 after acquiring an additional 51,126 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH boosted its stake in shares of Antero Resources by 103.8% during the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company’s stock worth $14,648,000 after acquiring an additional 222,311 shares during the last quarter. Edgestream Partners L.P. bought a new stake in shares of Antero Resources during the 2nd quarter valued at $3,015,000. Finally, Jefferies Financial Group Inc. increased its stake in shares of Antero Resources by 9.5% in the 2nd quarter. Jefferies Financial Group Inc. now owns 1,956,918 shares of the oil and natural gas company’s stock worth $78,825,000 after purchasing an additional 169,133 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on AR shares. Roth Mkm reissued a “neutral” rating and set a $36.00 price target on shares of Antero Resources in a report on Monday, December 8th. Mizuho set a $47.00 price objective on Antero Resources in a research note on Friday, December 12th. Morgan Stanley decreased their target price on shares of Antero Resources from $48.00 to $46.00 and set an “overweight” rating on the stock in a research note on Friday, January 23rd. UBS Group upped their price target on shares of Antero Resources from $40.00 to $46.00 and gave the stock a “buy” rating in a research report on Friday, December 12th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a research note on Monday, December 29th. Two research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.60.

Antero Resources Price Performance

Shares of NYSE:AR opened at $34.25 on Tuesday. The firm has a market cap of $10.57 billion, a price-to-earnings ratio of 18.22 and a beta of 0.55. The firm has a fifty day moving average price of $34.22 and a 200 day moving average price of $33.33. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $44.01. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.31 and a current ratio of 0.31.

About Antero Resources

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.