Payden & Rygel Purchases 45,850 Shares of Antero Resources Co. (NYSE:AR)

Payden & Rygel grew its position in shares of Antero Resources Co. (NYSE:AR) by 1,172.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 49,760 shares of the oil and natural gas company’s stock after acquiring an additional 45,850 shares during the period. Payden & Rygel’s holdings in Antero Resources were worth $1,426,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of AR. Diversified Trust Co bought a new position in Antero Resources during the 2nd quarter valued at approximately $1,154,000. Hood River Capital Management LLC lifted its stake in Antero Resources by 81.5% in the first quarter. Hood River Capital Management LLC now owns 117,658 shares of the oil and natural gas company’s stock worth $3,412,000 after acquiring an additional 52,843 shares during the period. Vanguard Group Inc. boosted its holdings in Antero Resources by 1.3% in the first 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 acquiring an additional 372,450 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its position in Antero Resources by 269.4% during the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after purchasing an additional 2,893,395 shares during the period. Finally, Driehaus Capital Management LLC purchased a new stake in shares of Antero Resources in the 2nd quarter worth about $17,307,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Price Performance

AR opened at $33.19 on Thursday. The company’s 50-day simple moving average is $28.41 and its two-hundred day simple moving average is $30.04. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The stock has a market capitalization of $10.33 billion, a P/E ratio of 237.07 and a beta of 3.36. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

Analyst Ratings Changes

Several equities analysts recently issued reports on AR shares. JPMorgan Chase & Co. reduced their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Truist Financial reduced their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. BMO Capital Markets raised their target price on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Friday, October 4th. UBS Group reduced their price target on Antero Resources from $33.00 to $31.00 and set a “neutral” rating on the stock in a research note on Monday, November 4th. Finally, Citigroup initiated coverage on Antero Resources in a research report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price objective for the company. 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 issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

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.