Rep. Maria Elvira Salazar Buys Antero Resources Co. (NYSE:AR) Shares

Representative Maria Elvira Salazar (R-Florida) recently bought shares of Antero Resources Co. (NYSE:AR). In a filing disclosed on November 11th, the Representative disclosed that they had bought between $1,001 and $15,000 in Antero Resources stock on October 31st.

Representative Maria Elvira Salazar also recently made the following trade(s):

• Sold $15,001 – $50,000 in shares of Clearway Energy (NYSE:CWEN) on 10/25/2024.
• Purchased $15,001 – $50,000 in shares of Occidental Petroleum (NYSE:OXY) on 10/25/2024.

Antero Resources Price Performance

NYSE AR opened at $31.17 on Wednesday. The firm has a market cap of $9.70 billion, a P/E ratio of 222.64 and a beta of 3.36. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The stock’s 50-day moving average is $27.68 and its two-hundred day moving average is $30.09. Antero Resources Co. has a fifty-two week low of $20.10 and a fifty-two week high of $36.28.

Analysts Set New Price Targets

A number of research analysts recently issued reports on AR shares. Truist Financial reduced their price objective on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. JPMorgan Chase & Co. cut their price objective on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Wells Fargo & Company dropped their target price on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a research report on Friday, October 18th. StockNews.com raised Antero Resources to a “sell” rating in a research note on Friday, November 1st. Finally, Roth Mkm initiated coverage on Antero Resources in a research report on Tuesday, August 27th. They set a “buy” rating and a $32.00 target price for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $32.83.

Institutional Investors Weigh In On Antero Resources

Several large investors have recently added to or reduced their stakes in AR. Vanguard Group Inc. grew its position in Antero Resources by 1.3% in the 1st quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock valued at $813,932,000 after purchasing an additional 372,450 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in Antero Resources by 10.4% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock worth $125,452,000 after purchasing an additional 411,549 shares during the last quarter. Merewether Investment Management LP grew its position in Antero Resources by 4.6% during the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after buying an additional 128,200 shares during the period. Massachusetts Financial Services Co. MA increased its stake in shares of Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after purchasing an additional 122,815 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its stake in Antero Resources by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock valued at $55,278,000 after purchasing an additional 27,617 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

About Representative Salazar

Maria Elvira Salazar (Republican Party) is a member of the U.S. House, representing Florida’s 27th Congressional District. She assumed office on January 3, 2021. Her current term ends on January 3, 2025. Salazar (Republican Party) is running for re-election to the U.S. House to represent Florida’s 27th Congressional District. She declared candidacy for the Republican primary scheduled on August 20, 2024. Maria Elvira Salazar was born in Miami, Florida, and lives in Coral Gables, Florida. Salazar earned an undergraduate degree from the University of Miami in 1983 and a graduate degree from Harvard University in 1995. Her career experience includes working as a television journalist, reporter, and news anchor.

Antero Resources Company Profile

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 in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.