Man Group plc Buys New Stake in Antero Resources Corporation $AR

Man Group plc bought a new stake in shares of Antero Resources Corporation (NYSE:AR) during the second quarter, according to the company in its most recent filing with the SEC. The institutional investor bought 929,915 shares of the oil and natural gas company’s stock, valued at approximately $32,677,000. Man Group plc owned about 0.30% of Antero Resources as of its most recent filing with the SEC.

Other hedge funds also recently bought and sold shares of the company. NewEdge Advisors LLC boosted its stake in shares of Antero Resources by 16,498.3% during the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after acquiring an additional 9,569 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Antero Resources by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock valued at $23,882,000 after purchasing an additional 43,312 shares during the last quarter. Focus Partners Wealth raised its stake in Antero Resources by 18.9% in the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock valued at $806,000 after purchasing an additional 3,169 shares during the last quarter. EverSource Wealth Advisors LLC raised its stake in Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock valued at $120,000 after purchasing an additional 2,616 shares during the last quarter. Finally, Daiwa Securities Group Inc. lifted its holdings in Antero Resources by 22.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock valued at $1,470,000 after purchasing an additional 6,700 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 1.6%

Shares of NYSE:AR opened at $38.54 on Thursday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The firm has a market cap of $11.85 billion, a price-to-earnings ratio of 11.07 and a beta of 0.34. The stock’s 50-day moving average price is $35.33 and its two-hundred day moving average price is $36.82. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. The Goldman Sachs Group lowered their price target on shares of Antero Resources from $46.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Wolfe Research reissued an “outperform” rating and issued a $48.00 price objective on shares of Antero Resources in a research report on Thursday, July 30th. Zacks Research downgraded shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Roth Capital restated a “neutral” rating and set a $38.00 target price on shares of Antero Resources in a research report on Thursday, April 30th. Finally, Truist Financial lowered their target price on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a research note on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target 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.