Clear Harbor Asset Management LLC Makes New Investment in Antero Resources Corporation $AR

Clear Harbor Asset Management LLC acquired a new stake in Antero Resources Corporation (NYSE:AR) in the second quarter, HoldingsChannel reports. The institutional investor acquired 62,086 shares of the oil and natural gas company’s stock, valued at approximately $2,182,000.

Other large investors also recently modified their holdings of the company. Brandywine Global Investment Management LLC raised its holdings in Antero Resources by 77.8% in the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock valued at $7,425,000 after acquiring an additional 94,260 shares in the last quarter. Kailix Advisors LLC boosted its stake in Antero Resources by 15.5% during the 4th quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company’s stock valued at $12,905,000 after acquiring an additional 50,150 shares during the last quarter. Diamond Hill Capital Management Inc. grew its holdings in Antero Resources by 10.8% during the 4th quarter. Diamond Hill Capital Management Inc. now owns 659,986 shares of the oil and natural gas company’s stock worth $22,743,000 after acquiring an additional 64,378 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in Antero Resources by 22.5% during the 4th quarter. Bank of New York Mellon Corp now owns 3,101,208 shares of the oil and natural gas company’s stock worth $106,868,000 after acquiring an additional 569,817 shares in the last quarter. Finally, Northwestern Mutual Wealth Management Co. increased its position in shares of Antero Resources by 1,399.6% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 67,016 shares of the oil and natural gas company’s stock worth $2,309,000 after purchasing an additional 62,547 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AR has been the topic of a number of recent analyst reports. Wolfe Research restated an “outperform” rating and issued a $48.00 target price on shares of Antero Resources in a research note on Thursday, July 30th. Texas Capital upgraded Antero Resources to a “strong-buy” rating in a research note on Thursday, June 25th. Wells Fargo & Company boosted their price objective on Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and set a $57.00 price objective on shares of Antero Resources in a research note on Friday, May 1st. Finally, Barclays reduced their target price on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating on the stock in a report on Monday, August 17th. Three analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $48.31.

Antero Resources Price Performance

Shares of AR opened at $38.04 on Friday. The company has a market cap of $11.70 billion, a P/E ratio of 10.93 and a beta of 0.34. The stock has a fifty day moving average price of $35.08 and a 200 day moving average price of $36.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. Antero Resources Corporation has a 12 month low of $29.10 and a 12 month high of $45.75.

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.