Citizens Financial Group Inc. RI Buys New Holdings in Antero Resources Corporation $AR

Citizens Financial Group Inc. RI acquired a new position in shares of Antero Resources Corporation (NYSE:AR) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 20,037 shares of the oil and natural gas company’s stock, valued at approximately $704,000.

Several other institutional investors have also made changes to their positions in the business. BlackRock Inc. bought a new position in Antero Resources during the second quarter worth about $966,982,000. Dimensional Fund Advisors LP grew its stake in shares of Antero Resources by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock valued at $434,597,000 after purchasing an additional 1,153,422 shares during the period. State Street Corp grew its stake in shares of Antero Resources by 1.2% in the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock valued at $341,368,000 after purchasing an additional 116,461 shares during the period. Sourcerock Group LLC raised its holdings in shares of Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after buying an additional 783,117 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Antero Resources by 18.0% in the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock worth $172,291,000 after buying an additional 761,842 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Up 0.1%

Shares of Antero Resources stock opened at $37.09 on Thursday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75. The business has a fifty day simple moving average of $34.94 and a 200 day simple moving average of $36.69. The stock has a market cap of $11.40 billion, a PE ratio of 10.66 and a beta of 0.34.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on AR shares. Weiss Ratings raised Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Morgan Stanley reaffirmed an “overweight” rating and issued a $49.00 target price on shares of Antero Resources in a report on Wednesday. UBS Group increased their target price on shares of Antero Resources from $50.00 to $52.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Zacks Research downgraded shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Barclays reduced their price target on shares of Antero Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a research report on Monday. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $48.31.

Antero Resources Profile

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.