BNP Paribas Arbitrage SA Buys 709,462 Shares of Antero Resources Co. (NYSE:AR)

BNP Paribas Arbitrage SA boosted its stake in shares of Antero Resources Co. (NYSE:ARGet Rating) by 437.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 871,703 shares of the oil and natural gas company’s stock after buying an additional 709,462 shares during the quarter. BNP Paribas Arbitrage SA’s holdings in Antero Resources were worth $26,718,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Swiss National Bank raised its holdings in shares of Antero Resources by 7.4% in the 1st quarter. Swiss National Bank now owns 668,100 shares of the oil and natural gas company’s stock valued at $20,397,000 after purchasing an additional 45,900 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Antero Resources by 98.2% in the 1st quarter. American Century Companies Inc. now owns 1,032,436 shares of the oil and natural gas company’s stock valued at $31,520,000 after purchasing an additional 511,656 shares in the last quarter. National Bank of Canada FI raised its holdings in shares of Antero Resources by 7,237.5% in the 2nd quarter. National Bank of Canada FI now owns 24,874 shares of the oil and natural gas company’s stock valued at $763,000 after purchasing an additional 24,535 shares in the last quarter. SG Americas Securities LLC raised its holdings in shares of Antero Resources by 551.8% in the 2nd quarter. SG Americas Securities LLC now owns 52,883 shares of the oil and natural gas company’s stock valued at $1,621,000 after purchasing an additional 44,770 shares in the last quarter. Finally, HighTower Trust Services LTA bought a new stake in shares of Antero Resources in the 2nd quarter valued at about $273,000. Institutional investors own 80.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AR shares. StockNews.com started coverage on shares of Antero Resources in a report on Wednesday, October 12th. They issued a “hold” rating for the company. The Goldman Sachs Group lifted their price objective on shares of Antero Resources from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Morgan Stanley cut their price objective on shares of Antero Resources from $37.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 19th. Scotiabank began coverage on shares of Antero Resources in a research report on Wednesday, August 3rd. They issued a “sector perform” rating and a $47.00 price objective on the stock. Finally, TD Securities cut their price objective on shares of Antero Resources from $56.00 to $53.00 and set a “buy” rating on the stock in a research report on Thursday, October 27th. Three analysts have rated the stock with a hold rating, seven have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $47.09.

Insiders Place Their Bets

In other Antero Resources news, insider Sheri Pearce sold 2,750 shares of the business’s stock in a transaction that occurred on Thursday, November 3rd. The shares were sold at an average price of $35.48, for a total transaction of $97,570.00. Following the sale, the insider now owns 91,266 shares of the company’s stock, valued at approximately $3,238,117.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 5.72% of the stock is owned by insiders.

Antero Resources Stock Up 2.5 %

NYSE:AR opened at $37.54 on Thursday. The company has a market cap of $11.27 billion, a PE ratio of 6.09 and a beta of 3.55. Antero Resources Co. has a twelve month low of $15.38 and a twelve month high of $48.80. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.18. The company’s 50 day moving average is $34.84 and its two-hundred day moving average is $36.81.

Antero Resources Company Profile

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Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

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

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