Victory Capital Management Inc. reduced its holdings in shares of Antero Resources Co. (NYSE:AR – Get Rating) by 13.6% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 65,191 shares of the oil and natural gas company's stock after selling 10,286 shares during the quarter. Victory Capital Management Inc.'s holdings in Antero Resources were worth $1,990,000 as of its most recent filing with the SEC.
A number of other large investors have also recently made changes to their positions in AR. Total Clarity Wealth Management Inc. acquired a new stake in shares of Antero Resources in the 2nd quarter valued at about $31,000. BDO Wealth Advisors LLC acquired a new stake in shares of Antero Resources in the 2nd quarter valued at about $31,000. Riggs Asset Managment Co. Inc. boosted its position in shares of Antero Resources by 63.5% in the 2nd quarter. Riggs Asset Managment Co. Inc. now owns 1,040 shares of the oil and natural gas company's stock valued at $32,000 after purchasing an additional 404 shares during the period. CoreCap Advisors LLC acquired a new stake in shares of Antero Resources in the 2nd quarter valued at about $32,000. Finally, SeaCrest Wealth Management LLC acquired a new stake in shares of Antero Resources in the 2nd quarter valued at about $37,000. 77.78% of the stock is owned by institutional investors and hedge funds.
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Analyst Ratings Changes
A number of brokerages recently issued reports on AR. Wells Fargo & Company began coverage on Antero Resources in a research report on Tuesday, January 24th. They issued an "overweight" rating and a $34.00 target price for the company. The Goldman Sachs Group decreased their price objective on Antero Resources from $45.00 to $39.00 and set a "buy" rating for the company in a research report on Wednesday, January 25th. Tudor, Pickering, Holt & Co. cut Antero Resources from a "buy" rating to a "hold" rating in a research report on Wednesday, November 30th. Morgan Stanley decreased their price objective on Antero Resources from $34.00 to $29.00 and set an "equal weight" rating for the company in a research report on Tuesday, January 24th. Finally, Raymond James decreased their price objective on Antero Resources from $55.00 to $38.00 and set a "strong-buy" rating for the company in a research report on Thursday, January 26th. Five investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $44.90.
Antero Resources Stock Performance
NYSE AR opened at $27.92 on Thursday. Antero Resources Co. has a 1-year low of $18.94 and a 1-year high of $48.80. The company has a market capitalization of $8.38 billion, a P/E ratio of 4.53 and a beta of 3.50. The business has a 50 day moving average price of $31.61 and a 200 day moving average price of $35.04. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.38 and a quick ratio of 0.38.
Insider Activity at Antero Resources
In related news, Director W Howard Keenan, Jr. sold 220,245 shares of the firm's stock in a transaction that occurred on Tuesday, December 6th. The stock was sold at an average price of $31.16, for a total value of $6,862,834.20. Following the completion of the transaction, the director now directly owns 4,779,755 shares of the company's stock, valued at approximately $148,937,165.80. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 5.72% of the stock is currently owned by company insiders.
Antero Resources Company Profile
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Antero Resources Corp. is an independent oil and natural gas company, which engages in the development, production, exploration and acquisition of natural gas. It operates through the Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream Corporation. The Exploration and Production segment develops natural gas, NGLs and oil.
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