Thrivent Financial for Lutherans Decreases Stake in Antero Resources Corporation $AR

Thrivent Financial for Lutherans cut its holdings in shares of Antero Resources Corporation (NYSE:AR) by 39.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 102,602 shares of the oil and natural gas company’s stock after selling 67,279 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Antero Resources were worth $3,444,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AR. Vanguard Group Inc. increased its holdings in shares of Antero Resources by 1.2% in the second quarter. Vanguard Group Inc. now owns 29,797,653 shares of the oil and natural gas company’s stock valued at $1,200,249,000 after purchasing an additional 350,018 shares during the last quarter. Sourcerock Group LLC grew its holdings in Antero Resources by 10.6% in the 2nd 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 buying an additional 783,117 shares in the last quarter. Invesco Ltd. increased its stake in shares of Antero Resources by 18.4% in the 2nd quarter. Invesco Ltd. now owns 5,258,305 shares of the oil and natural gas company’s stock worth $211,805,000 after acquiring an additional 817,977 shares during the last quarter. Ameriprise Financial Inc. raised its holdings in shares of Antero Resources by 4.1% during the 2nd quarter. Ameriprise Financial Inc. now owns 2,382,707 shares of the oil and natural gas company’s stock worth $95,975,000 after acquiring an additional 93,895 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its position in shares of Antero Resources by 2.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 2,056,543 shares of the oil and natural gas company’s stock valued at $82,838,000 after acquiring an additional 53,119 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Up 1.7%

AR opened at $34.44 on Monday. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $44.01. The company has a quick ratio of 0.31, a current ratio of 0.31 and a debt-to-equity ratio of 0.17. The business has a fifty day simple moving average of $34.25 and a 200-day simple moving average of $33.33. The firm has a market cap of $10.63 billion, a P/E ratio of 18.32 and a beta of 0.55.

Analyst Ratings Changes

A number of brokerages have commented on AR. Mizuho set a $47.00 target price on shares of Antero Resources in a research note on Friday, December 12th. JPMorgan Chase & Co. reaffirmed a “neutral” rating and set a $39.00 price target (down previously from $44.00) on shares of Antero Resources in a research report on Monday, December 8th. Wells Fargo & Company increased their price objective on Antero Resources from $39.00 to $49.00 and gave the stock an “overweight” rating in a research report on Friday, December 12th. Morgan Stanley cut their target price 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. Finally, Barclays decreased their price target on 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. Two investment analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and seven have issued a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $45.60.

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.