Allianz Asset Management GmbH Grows Holdings in Antero Resources Corporation $AR

Allianz Asset Management GmbH increased its holdings in shares of Antero Resources Corporation (NYSE:AR) by 18.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 108,244 shares of the oil and natural gas company’s stock after acquiring an additional 17,192 shares during the period. Allianz Asset Management GmbH’s holdings in Antero Resources were worth $3,633,000 at the end of the most recent reporting period.

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

Antero Resources Trading Down 1.2%

Antero Resources stock opened at $33.82 on Wednesday. The firm has a market capitalization of $10.43 billion, a price-to-earnings ratio of 17.99 and a beta of 0.55. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $44.01. The firm has a 50 day moving average of $34.20 and a 200 day moving average of $33.34. The company has a current ratio of 0.31, a quick ratio of 0.31 and a debt-to-equity ratio of 0.17.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on AR shares. Barclays dropped their price target on shares of Antero Resources from $46.00 to $41.00 and set an “equal weight” rating on the stock in a research note on Wednesday, January 21st. Wells Fargo & Company boosted their price objective on shares of Antero Resources from $39.00 to $49.00 and gave the stock an “overweight” rating in a report on Friday, December 12th. Bank of America increased their target price on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, December 10th. BMO Capital Markets boosted their price target on Antero Resources from $37.00 to $40.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 9th. Finally, Weiss Ratings reaffirmed a “hold (c)” rating on shares of Antero Resources in a research report on Monday, December 29th. Three analysts have rated the stock with a Strong Buy rating, eight have given a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $45.60.

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.