Antero Resources Co. (NYSE:AR) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. cut its holdings in shares of Antero Resources Co. (NYSE:AR) by 0.4% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 737,690 shares of the oil and natural gas company’s stock after selling 3,088 shares during the period. Victory Capital Management Inc. owned approximately 0.24% of Antero Resources worth $21,135,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in AR. UMB Bank n.a. lifted its position in Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after purchasing an additional 686 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Antero Resources by 1,311.8% in the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after purchasing an additional 892 shares during the period. Capital Performance Advisors LLP acquired a new stake in Antero Resources in the third quarter worth approximately $45,000. Mattson Financial Services LLC acquired a new stake in Antero Resources in the second quarter worth approximately $64,000. Finally, GAMMA Investing LLC increased its holdings in shares of Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after buying an additional 655 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts have issued reports on AR shares. JPMorgan Chase & Co. dropped their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a report on Thursday, September 12th. Citigroup started coverage on Antero Resources in a report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target on the stock. Roth Mkm started coverage on Antero Resources in a report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price target on the stock. Barclays dropped their price target on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Finally, StockNews.com raised Antero Resources to a “sell” rating in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.83.

Antero Resources Trading Up 4.8 %

NYSE AR opened at $31.95 on Tuesday. The company has a market capitalization of $9.94 billion, a PE ratio of 228.21 and a beta of 3.36. Antero Resources Co. has a 1-year low of $20.10 and a 1-year high of $36.28. The firm’s fifty day simple moving average is $28.15 and its 200-day simple moving average is $30.02. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Antero Resources 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.