S&CO Inc. Boosts Stock Position in Antero Resources Corporation $AR

S&CO Inc. increased its stake in Antero Resources Corporation (NYSE:AR) by 57.0% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. 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 comprises about 1.0% of S&CO Inc.’s holdings, making the stock its 29th largest position. S&CO Inc. owned 0.15% of Antero Resources worth $15,585,000 as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. Huntington National Bank increased its position in shares of Antero Resources by 91.3% during the second quarter. Huntington National Bank now owns 656 shares of the oil and natural gas company’s stock valued at $26,000 after buying an additional 313 shares during the period. Root Financial Partners LLC bought a new stake in Antero Resources during the 3rd quarter worth approximately $26,000. Newbridge Financial Services Group Inc. lifted its stake in Antero Resources by 114.2% in the 2nd quarter. Newbridge Financial Services Group Inc. now owns 938 shares of the oil and natural gas company’s stock worth $38,000 after purchasing an additional 500 shares in the last quarter. FNY Investment Advisers LLC boosted its holdings in Antero Resources by 9,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after purchasing an additional 1,485 shares during the period. Finally, EverSource Wealth Advisors LLC grew its position in shares of Antero Resources by 701.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on AR shares. Morgan Stanley dropped their price objective on Antero Resources from $48.00 to $46.00 and set an “overweight” rating for the company in a research note on Friday, January 23rd. Wells Fargo & Company boosted their price objective on Antero Resources from $39.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. BMO Capital Markets upped their price objective on shares of Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 9th. Tudor Pickering upgraded shares of Antero Resources from a “hold” rating to a “strong-buy” rating in a research report on Tuesday, December 2nd. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a report 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 given a Hold rating to the company’s stock. According to data from MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and a consensus price target of $45.60.

Antero Resources Stock Performance

Antero Resources stock opened at $34.25 on Tuesday. The firm has a fifty day simple moving average of $34.22 and a two-hundred day simple moving average of $33.33. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $44.01. The company has a market capitalization of $10.57 billion, a PE ratio of 18.22 and a beta of 0.55.

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.