S&CO Inc. Has $7.97 Million Stock Holdings in Antero Resources Co. (NYSE:AR)

S&CO Inc. grew its position in Antero Resources Co. (NYSE:AR) by 30.5% during the 3rd quarter, Holdings Channel reports. The firm owned 278,228 shares of the oil and natural gas company’s stock after purchasing an additional 65,060 shares during the quarter. S&CO Inc.’s holdings in Antero Resources were worth $7,971,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. UMB Bank n.a. lifted its position in Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 686 shares in the last quarter. Allspring Global Investments Holdings LLC lifted its position in Antero Resources by 1,311.8% during the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 892 shares in the last quarter. Capital Performance Advisors LLP acquired a new position in Antero Resources during the 3rd quarter worth about $45,000. Mattson Financial Services LLC acquired a new position in Antero Resources during the 2nd quarter worth about $64,000. Finally, GAMMA Investing LLC lifted its position in Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after buying an additional 655 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on AR shares. UBS Group dropped their price objective on Antero Resources from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Roth Capital raised Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Morgan Stanley dropped their price objective on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Roth Mkm assumed coverage on Antero Resources in a report on Tuesday, August 27th. They set a “buy” rating and a $32.00 price objective for the company. Finally, Mizuho lowered their price target on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

Antero Resources Trading Up 0.3 %

NYSE AR opened at $30.49 on Friday. The company has a market cap of $9.49 billion, a PE ratio of 217.79 and a beta of 3.36. 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 Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The stock has a 50 day moving average of $28.01 and a 200-day moving average of $30.05.

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.