Public Employees Retirement System of Ohio Makes New Investment in Antero Resources Corporation $AR

Public Employees Retirement System of Ohio bought a new position in shares of Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 215,517 shares of the oil and natural gas company’s stock, valued at approximately $7,573,000.

A number of other institutional investors have also recently modified their holdings of the business. BlackRock Inc. purchased a new position in shares of Antero Resources in the 2nd quarter valued at about $966,982,000. Dimensional Fund Advisors LP boosted its position in Antero Resources by 12.7% during the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after purchasing an additional 1,153,422 shares in the last quarter. State Street Corp grew its holdings in Antero Resources by 1.2% in the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after purchasing an additional 116,461 shares during the period. Sourcerock Group LLC grew its holdings in Antero Resources by 10.6% in the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after purchasing an additional 783,117 shares during the period. Finally, Invesco Ltd. increased its position in shares of Antero Resources by 18.0% in the fourth quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock valued at $172,291,000 after buying an additional 761,842 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Up 3.5%

AR opened at $39.83 on Wednesday. The firm has a market capitalization of $12.25 billion, a price-to-earnings ratio of 11.45 and a beta of 0.35. The company’s 50 day simple moving average is $35.73 and its two-hundred day simple moving average is $36.95. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the stock. JPMorgan Chase & Co. dropped their price target on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Benchmark boosted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Mizuho raised their price target on shares of Antero Resources from $54.00 to $57.00 and gave the company an “outperform” rating in a research note on Thursday, June 25th. Wolfe Research reiterated an “outperform” rating and set a $48.00 price objective on shares of Antero Resources in a research note on Thursday, July 30th. Finally, Raymond James Financial raised their target price on Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research report on Tuesday. Four research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $48.71.

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.