Police & Firemen s Retirement System of New Jersey Has $4.43 Million Stock Position in Antero Resources Corporation $AR

Police & Firemen s Retirement System of New Jersey grew its position in Antero Resources Corporation (NYSE:AR) by 3.8% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 110,034 shares of the oil and natural gas company’s stock after purchasing an additional 4,073 shares during the period. Police & Firemen s Retirement System of New Jersey’s holdings in Antero Resources were worth $4,432,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the company. Beacon Harbor Wealth Advisors Inc. acquired a new stake in Antero Resources in the 1st quarter worth approximately $6,761,000. CWM LLC raised its position in shares of Antero Resources by 109.6% in the first quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company’s stock valued at $1,323,000 after purchasing an additional 17,113 shares during the period. PNC Financial Services Group Inc. lifted its stake in shares of Antero Resources by 14.3% in the first quarter. PNC Financial Services Group Inc. now owns 11,670 shares of the oil and natural gas company’s stock worth $472,000 after buying an additional 1,461 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Antero Resources by 22.8% during the 1st quarter. Voya Investment Management LLC now owns 184,972 shares of the oil and natural gas company’s stock worth $7,480,000 after buying an additional 34,311 shares during the period. Finally, Jefferies Financial Group Inc. grew its stake in Antero Resources by 41.6% in the 1st quarter. Jefferies Financial Group Inc. now owns 1,787,785 shares of the oil and natural gas company’s stock valued at $72,298,000 after buying an additional 525,180 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

AR opened at $34.34 on Friday. The stock’s 50 day simple moving average is $32.85 and its 200-day simple moving average is $35.09. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The stock has a market cap of $10.59 billion, a PE ratio of 18.26 and a beta of 0.62. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.01.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Brendan E. Krueger acquired 5,000 shares of the company’s stock in a transaction dated Friday, November 7th. The stock was bought at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the purchase, the insider owned 295,917 shares in the company, valued at $9,868,831.95. This represents a 1.72% increase in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. 6.30% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of Antero Resources in a research report on Thursday. Scotiabank reiterated an “outperform” rating on shares of Antero Resources in a research note on Wednesday, August 13th. Jefferies Financial Group decreased their target price on Antero Resources from $50.00 to $47.00 and set a “buy” rating for the company in a research note on Friday, October 3rd. Morgan Stanley lowered their target price on Antero Resources from $47.00 to $44.00 and set an “overweight” rating on the stock in a report on Tuesday, October 14th. Finally, Zacks Research upgraded Antero Resources from a “strong sell” rating to a “hold” rating in a report on Tuesday, November 11th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $44.00.

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.