New York State Common Retirement Fund Purchases 17,000 Shares of Antero Resources Corporation $AR

New York State Common Retirement Fund raised its holdings in shares of Antero Resources Corporation (NYSE:AR) by 12.4% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 154,441 shares of the oil and natural gas company’s stock after purchasing an additional 17,000 shares during the period. New York State Common Retirement Fund owned 0.05% of Antero Resources worth $5,183,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. NewEdge Advisors LLC lifted its holdings in Antero Resources by 16,498.3% in 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 buying an additional 9,569 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Antero Resources by 7.9% during 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 valued at $23,882,000 after acquiring an additional 43,312 shares during the last quarter. Focus Partners Wealth lifted its stake in shares of Antero Resources by 18.9% in 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. Janney Montgomery Scott LLC boosted its position in shares of Antero Resources by 10.0% in the 2nd quarter. Janney Montgomery Scott LLC now owns 51,118 shares of the oil and natural gas company’s stock worth $2,059,000 after purchasing an additional 4,658 shares during the last quarter. Finally, QRG Capital Management Inc. grew its stake in shares of Antero Resources by 17.1% during the second quarter. QRG Capital Management Inc. now owns 6,721 shares of the oil and natural gas company’s stock worth $271,000 after purchasing an additional 980 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Down 1.2%

Shares of AR stock opened at $33.82 on Friday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month 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 firm has a fifty day moving average of $34.29 and a 200-day moving average of $33.31. The company has a market capitalization of $10.43 billion, a price-to-earnings ratio of 17.99 and a beta of 0.55.

Analyst Upgrades and Downgrades

AR has been the topic of several analyst reports. Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a research note on Monday, December 29th. Wells Fargo & Company upped their price target on Antero Resources from $39.00 to $49.00 and gave the company an “overweight” rating in a research note on Friday, December 12th. UBS Group lifted their price objective on shares of Antero Resources from $40.00 to $46.00 and gave the stock a “buy” rating in a research note on Friday, December 12th. Wall Street Zen cut shares of Antero Resources from a “hold” rating to a “sell” rating in a report on Friday, November 28th. Finally, Barclays lowered their target price on shares of Antero Resources from $46.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, January 21st. Two equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and seven have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus 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.