129,878 Shares in Antero Resources Corporation $AR Acquired by Jupiter Topco LLC

Jupiter Topco LLC bought a new stake in Antero Resources Corporation (NYSE:AR) in the second quarter, HoldingsChannel reports. The fund bought 129,878 shares of the oil and natural gas company’s stock, valued at approximately $4,566,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. NewEdge Advisors LLC boosted its holdings in shares of Antero Resources by 16,498.3% in the 1st quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after purchasing an additional 9,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of Antero Resources by 7.9% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after buying an additional 43,312 shares during the last quarter. Focus Partners Wealth increased its holdings in shares of Antero Resources by 18.9% during the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after buying an additional 3,169 shares during the last quarter. EverSource Wealth Advisors LLC raised its position in shares of Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after buying an additional 2,616 shares during the period. Finally, Daiwa Securities Group Inc. raised its position in shares of Antero Resources by 22.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock worth $1,470,000 after buying an additional 6,700 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Up 0.3%

Shares of NYSE AR opened at $38.57 on Tuesday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a market cap of $11.86 billion, a P/E ratio of 11.08 and a beta of 0.34. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The stock has a fifty day moving average price of $35.63 and a 200 day moving average price of $36.92.

Analysts Set New Price Targets

A number of research firms have issued reports on AR. Texas Capital raised Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Wells Fargo & Company raised their price objective on Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Zacks Research lowered Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Mizuho boosted their target price on Antero Resources from $54.00 to $57.00 and gave the stock an “outperform” rating in a report on Thursday, June 25th. Finally, Barclays dropped their target price on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $48.31.

Antero Resources Company 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.