Antero Resources Co. (NYSE:AR) Shares Acquired by Summit Trail Advisors LLC

Summit Trail Advisors LLC boosted its stake in Antero Resources Co. (NYSE:AR) by 0.1% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 581,076 shares of the oil and natural gas company’s stock after acquiring an additional 672 shares during the quarter. Summit Trail Advisors LLC’s holdings in Antero Resources were worth $16,648,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Chickasaw Capital Management LLC increased its stake in Antero Resources by 5.5% during the 3rd quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock worth $273,000 after buying an additional 500 shares in the last quarter. Confluence Investment Management LLC boosted its stake in shares of Antero Resources by 3.4% in the second quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock worth $604,000 after acquiring an additional 616 shares during the last quarter. GAMMA Investing LLC increased its position in shares of Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares in the last quarter. Wedmont Private Capital raised its stake in Antero Resources by 4.2% in the 3rd quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock valued at $505,000 after purchasing an additional 681 shares during the last quarter. Finally, UMB Bank n.a. lifted its holdings in Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Antero Resources stock opened at $33.11 on Friday. The company’s 50 day simple moving average is $28.68 and its 200-day simple moving average is $30.02. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources Co. has a 1 year low of $20.10 and a 1 year high of $36.28. The company has a market capitalization of $10.30 billion, a price-to-earnings ratio of 236.50 and a beta of 3.36.

Analysts Set New Price Targets

A number of brokerages have recently commented on AR. Barclays reduced their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research report on Thursday, October 3rd. Citigroup initiated coverage on shares of Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 target price on the stock. Bank of America began coverage on Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 target price on the stock. Raymond James increased their price target on Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a report on Thursday. Finally, Truist Financial lowered their price objective on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research note on Monday, September 30th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $33.50.

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.