Hennessy Advisors Inc. Grows Stake in Antero Resources Co. (NYSE:AR)

Hennessy Advisors Inc. increased its holdings in shares of Antero Resources Co. (NYSE:AR) by 4.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 24,200 shares of the oil and natural gas company’s stock after purchasing an additional 1,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in Antero Resources were worth $848,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources during the fourth quarter worth approximately $28,000. Capital CS Group LLC acquired a new stake in Antero Resources during the 4th quarter worth $615,000. Wedmont Private Capital lifted its position in Antero Resources by 28.5% in the fourth quarter. Wedmont Private Capital now owns 21,716 shares of the oil and natural gas company’s stock valued at $832,000 after acquiring an additional 4,810 shares during the last quarter. Everence Capital Management Inc. acquired a new position in Antero Resources in the fourth quarter valued at $365,000. Finally, GAMMA Investing LLC increased its position in shares of Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock worth $107,000 after purchasing an additional 418 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of NYSE AR opened at $40.50 on Friday. 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 one year low of $20.56 and a one year high of $40.93. The firm has a market capitalization of $12.60 billion, a P/E ratio of 289.26 and a beta of 3.37. The company’s fifty day moving average is $33.65 and its two-hundred day moving average is $30.10.

Analyst Upgrades and Downgrades

AR has been the subject of a number of research analyst reports. Truist Financial upped their target price on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. UBS Group raised their target price on shares of Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Thursday. Benchmark reissued a “hold” rating on shares of Antero Resources in a research report on Friday. Finally, BMO Capital Markets upped their target price on shares of Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Friday, October 4th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $36.88.

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.