Antero Resources Corporation $AR Stock Holdings Boosted by Retirement Systems of Alabama

Retirement Systems of Alabama grew its position in shares of Antero Resources Corporation (NYSE:AR) by 6.6% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 796,106 shares of the oil and natural gas company’s stock after acquiring an additional 49,470 shares during the period. Retirement Systems of Alabama’s holdings in Antero Resources were worth $26,582,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the company. BlackRock Inc. bought a new stake in shares of Antero Resources in the second quarter worth about $966,982,000. Dimensional Fund Advisors LP increased its holdings in Antero Resources by 12.7% during 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. Bank of New York Mellon Corp raised its position in Antero Resources by 12.2% during the 1st quarter. Bank of New York Mellon Corp now owns 3,478,218 shares of the oil and natural gas company’s stock valued at $147,616,000 after purchasing an additional 377,010 shares during the last quarter. Diamond Hill Capital Management LLC Investment Advisor bought a new position in Antero Resources during the 2nd quarter valued at approximately $100,212,000. Finally, Palo Duro Investment Partners LP bought a new position in Antero Resources during the 2nd quarter valued at approximately $95,985,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

AR has been the topic of a number of recent analyst reports. UBS Group cut their price objective on Antero Resources from $58.00 to $54.00 and set a “buy” rating on the stock in a research report on Tuesday, October 6th. Weiss Ratings raised Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Tuesday, October 27th. Truist Financial upped their target price on Antero Resources from $46.00 to $52.00 and gave the company a “buy” rating in a report on Friday, October 30th. Jefferies Financial Group dropped their price target on Antero Resources from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Friday, October 2nd. Finally, Stifel Nicolaus initiated coverage on shares of Antero Resources in a report on Thursday, September 10th. They issued a “hold” rating and a $42.00 price target on the stock. Five analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $48.74.

Antero Resources Stock Performance

Shares of Antero Resources stock opened at $37.61 on Wednesday. Antero Resources Corporation has a 12 month low of $31.15 and a 12 month high of $45.75. The firm has a market capitalization of $11.55 billion, a P/E ratio of 8.49 and a beta of 0.50. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.27. The business has a fifty day simple moving average of $37.49 and a two-hundred day simple moving average of $36.92.

About Antero Resources

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio. The company’s products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.