Antero Resources Corporation $AR Stake Boosted by Allianz Asset Management GmbH

Allianz Asset Management GmbH lifted its stake in shares of Antero Resources Corporation (NYSE:AR) by 18.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 108,244 shares of the oil and natural gas company’s stock after purchasing an additional 17,192 shares during the quarter. Allianz Asset Management GmbH’s holdings in Antero Resources were worth $3,633,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Neo Ivy Capital Management bought a new position in shares of Antero Resources in the second quarter valued at $532,000. Stephens Investment Management Group LLC increased its stake in Antero Resources by 4.5% in the 3rd quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company’s stock valued at $39,789,000 after buying an additional 51,126 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH lifted its position in Antero Resources by 103.8% in the 3rd quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company’s stock worth $14,648,000 after buying an additional 222,311 shares in the last quarter. Edgestream Partners L.P. acquired a new position in shares of Antero Resources in the second quarter worth $3,015,000. Finally, Jefferies Financial Group Inc. increased its position in Antero Resources by 9.5% in the 2nd quarter. Jefferies Financial Group Inc. now owns 1,956,918 shares of the oil and natural gas company’s stock worth $78,825,000 after purchasing an additional 169,133 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Ratings Changes

Several research analysts have recently commented on AR shares. Wells Fargo & Company increased their price target on shares of Antero Resources from $39.00 to $49.00 and gave the stock an “overweight” rating in a research note on Friday, December 12th. Mizuho set a $47.00 target price on shares of Antero Resources in a research note on Friday, December 12th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $39.00 price objective (down previously from $44.00) on shares of Antero Resources in a research report on Monday, December 8th. Barclays reduced their price objective on shares of Antero Resources from $46.00 to $41.00 and set an “equal weight” rating for the company in a report on Wednesday, January 21st. Finally, UBS Group lifted their price objective on Antero Resources from $40.00 to $46.00 and gave the company a “buy” rating in a report on Friday, December 12th. Three analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and seven have assigned a Hold rating to the company. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $45.60.

Antero Resources Stock Down 1.2%

NYSE AR opened at $33.82 on Wednesday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.01. The stock has a market capitalization of $10.43 billion, a PE ratio of 17.99 and a beta of 0.55. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.31 and a quick ratio of 0.31. The business’s 50-day moving average is $34.20 and its 200 day moving average is $33.34.

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.