Empowered Funds LLC Grows Stock Holdings in Antero Resources Co. (NYSE:AR)

Empowered Funds LLC increased its position in shares of Antero Resources Co. (NYSE:AR) by 1.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,630 shares of the oil and natural gas company’s stock after purchasing an additional 1,445 shares during the period. Empowered Funds LLC’s holdings in Antero Resources were worth $3,212,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the business. HITE Hedge Asset Management LLC raised its holdings in Antero Resources by 537.2% during the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock worth $27,352,000 after purchasing an additional 804,851 shares in the last quarter. Wellington Management Group LLP raised its stake in Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after acquiring an additional 675,053 shares in the last quarter. Kailix Advisors LLC purchased a new stake in Antero Resources in the third quarter valued at $17,327,000. Assenagon Asset Management S.A. boosted its stake in Antero Resources by 36.3% in the third quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock valued at $50,060,000 after acquiring an additional 464,970 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of Antero Resources by 10.4% during 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. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Up 1.9 %

Shares of AR stock opened at $40.13 on Friday. The business’s fifty day moving average price is $36.26 and its 200 day moving average price is $31.11. The firm has a market capitalization of $12.49 billion, a PE ratio of 286.64 and a beta of 3.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources Co. has a 1-year low of $20.56 and a 1-year high of $41.53.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 1.03% and a negative return on equity of 0.59%. As a group, sell-side analysts forecast that Antero Resources Co. will post -0.11 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on the company. StockNews.com raised Antero Resources to a “sell” rating in a report on Thursday. Benchmark reissued a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Bank of America assumed coverage on shares of Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 target price on the stock. UBS Group upped their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a report on Thursday. Finally, The Goldman Sachs Group increased their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday, January 23rd. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $39.31.

About Antero Resources

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.