Antero Resources Corporation $AR Shares Purchased by Crossmark Global Holdings Inc.

Crossmark Global Holdings Inc. raised its stake in Antero Resources Corporation (NYSE:AR) by 483.1% during the 2nd quarter, HoldingsChannel.com reports. The firm owned 100,813 shares of the oil and natural gas company’s stock after acquiring an additional 83,524 shares during the period. Crossmark Global Holdings Inc.’s holdings in Antero Resources were worth $3,543,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Eastern Bank purchased a new stake in shares of Antero Resources during the 2nd quarter worth approximately $26,000. Sunbelt Securities Inc. purchased a new position in shares of Antero Resources in the 3rd quarter valued at $30,000. IFP Advisors Inc grew its position in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Antero Resources during the 4th quarter worth $41,000. Finally, Hilton Head Capital Partners LLC purchased a new stake in Antero Resources in the fourth quarter valued at $44,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Down 1.0%

Shares of Antero Resources stock opened at $37.45 on Thursday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market capitalization of $11.51 billion, a P/E ratio of 10.76 and a beta of 0.34. The company’s fifty day moving average is $34.81 and its two-hundred day moving average is $36.62.

Wall Street Analysts Forecast Growth

AR has been the topic of several research reports. Roth Capital reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Antero Resources in a report on Thursday, April 30th. Wolfe Research reissued an “outperform” rating and issued a $48.00 target price on shares of Antero Resources in a report on Thursday, July 30th. JPMorgan Chase & Co. decreased their target price on Antero Resources from $49.00 to $45.00 and set a “neutral” rating for the company in a research report on Wednesday, July 8th. Morgan Stanley dropped their price target on Antero Resources from $56.00 to $48.00 and set an “overweight” rating on the stock in a research note on Monday, June 29th. Finally, Bank of America lifted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Tuesday, April 21st. Three analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $48.31.

About Antero Resources

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.