Antero Resources Corporation $AR Stake Boosted by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. boosted its holdings in Antero Resources Corporation (NYSE:AR) by 177.4% in the first quarter, HoldingsChannel.com reports. The firm owned 3,611,248 shares of the oil and natural gas company’s stock after acquiring an additional 2,309,388 shares during the period. Assenagon Asset Management S.A.’s holdings in Antero Resources were worth $153,261,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also recently added to or reduced their stakes in the company. NewEdge Advisors LLC grew its holdings in shares of Antero Resources by 16,498.3% during the first 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 lifted its holdings in shares of Antero Resources by 7.9% in 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 purchasing an additional 43,312 shares during the last quarter. Focus Partners Wealth boosted its position in 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 valued at $806,000 after purchasing an additional 3,169 shares during the period. EverSource Wealth Advisors LLC grew its stake in 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 worth $120,000 after buying an additional 2,616 shares during the last quarter. Finally, Daiwa Securities Group Inc. grew its stake in Antero Resources by 22.5% during 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 last quarter. Institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the company. Jefferies Financial Group reiterated a “buy” rating and issued a $57.00 target price on shares of Antero Resources in a research note on Friday, May 1st. UBS Group upped their price target on shares of Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Roth Mkm reaffirmed a “neutral” rating and issued a $38.00 price objective on shares of Antero Resources in a report on Thursday, April 30th. Benchmark upgraded shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 price objective on the stock in a research report on Thursday, March 5th. Finally, Williams Trading set a $56.00 target price on shares of Antero Resources in a research note on Monday, April 20th. Four equities research analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $50.19.

Antero Resources Price Performance

Shares of AR opened at $34.72 on Thursday. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The stock’s fifty day moving average is $36.41 and its 200-day moving average is $36.39. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $10.76 billion, a price-to-earnings ratio of 11.27 and a beta of 0.33.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the transaction, the insider owned 277,665 shares in the company, valued at $10,903,904.55. This represents a 12.45% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Corporate insiders own 4.10% of the company’s stock.

Antero Resources 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.