Antero Resources Co. (NYSE:AR) Holdings Cut by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp decreased its holdings in Antero Resources Co. (NYSE:ARFree Report) by 1.4% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 239,805 shares of the oil and natural gas company’s stock after selling 3,318 shares during the quarter. Texas Permanent School Fund Corp owned 0.08% of Antero Resources worth $6,086,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in AR. Belpointe Asset Management LLC boosted its stake in shares of Antero Resources by 195.2% during the 1st quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company’s stock valued at $36,000 after buying an additional 1,027 shares during the period. CWM LLC boosted its stake in shares of Antero Resources by 369.1% during the 2nd quarter. CWM LLC now owns 2,233 shares of the oil and natural gas company’s stock valued at $51,000 after buying an additional 1,757 shares during the period. Quadrant Capital Group LLC boosted its stake in shares of Antero Resources by 43.2% during the 2nd quarter. Quadrant Capital Group LLC now owns 2,240 shares of the oil and natural gas company’s stock valued at $52,000 after buying an additional 676 shares during the period. US Bancorp DE boosted its stake in shares of Antero Resources by 3,532.9% during the 1st quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company’s stock valued at $78,000 after buying an additional 2,473 shares during the period. Finally, Signaturefd LLC boosted its stake in shares of Antero Resources by 88.9% during the 2nd quarter. Signaturefd LLC now owns 3,563 shares of the oil and natural gas company’s stock valued at $82,000 after buying an additional 1,677 shares during the period. Institutional investors and hedge funds own 80.20% of the company’s stock.

Antero Resources Stock Down 2.3 %

Antero Resources stock opened at $21.14 on Monday. The firm has a market capitalization of $6.35 billion, a PE ratio of 7.60 and a beta of 3.28. The company’s 50-day moving average is $22.26 and its 200-day moving average is $25.13. Antero Resources Co. has a fifty-two week low of $19.91 and a fifty-two week high of $30.90. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.29 and a quick ratio of 0.29.

Analysts Set New Price Targets

Several research firms recently issued reports on AR. Raymond James lifted their price objective on shares of Antero Resources from $28.00 to $32.00 and gave the company a “strong-buy” rating in a research note on Wednesday, January 24th. Truist Financial lowered shares of Antero Resources from a “buy” rating to a “hold” rating and cut their target price for the stock from $37.00 to $28.00 in a research report on Monday, December 4th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Wednesday, October 25th. Benchmark cut their target price on shares of Antero Resources from $32.00 to $26.00 and set a “buy” rating for the company in a research report on Thursday, January 11th. Finally, Wells Fargo & Company raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and cut their target price for the stock from $32.00 to $26.00 in a research report on Thursday, December 14th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, five have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $29.85.

Get Our Latest Stock Report on AR

Antero Resources Company Profile

(Free Report)

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates through three segments: Exploration, Development and Production of Natural Gas, NGLs and Oil; Marketing and Utilization of Excess Firm Transportation Capacity; and Midstream Services Through Our Equity Method Investment in Antero Midstream.

See Also

Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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