Wellington Management Group LLP Has $115.83 Million Position in Antero Resources Corporation $AR

Wellington Management Group LLP cut its stake in shares of Antero Resources Corporation (NYSE:AR) by 30.8% during the second quarter, HoldingsChannel.com reports. The firm owned 3,296,358 shares of the oil and natural gas company’s stock after selling 1,468,432 shares during the period. Wellington Management Group LLP’s holdings in Antero Resources were worth $115,834,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Brandywine Global Investment Management LLC raised its holdings in shares of Antero Resources by 77.8% during the fourth quarter. Brandywine Global Investment Management LLC now owns 215,470 shares of the oil and natural gas company’s stock worth $7,425,000 after acquiring an additional 94,260 shares in the last quarter. Kailix Advisors LLC boosted its position in Antero Resources by 15.5% during the fourth quarter. Kailix Advisors LLC now owns 374,484 shares of the oil and natural gas company’s stock valued at $12,905,000 after purchasing an additional 50,150 shares during the last quarter. BIP Wealth LLC purchased a new position in Antero Resources in the second quarter valued at about $1,633,000. Diamond Hill Capital Management Inc. increased its position in Antero Resources by 10.8% in 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 purchasing an additional 64,378 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in Antero Resources by 22.5% in 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 purchasing an additional 569,817 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Up 3.5%

Shares of Antero Resources stock opened at $39.83 on Wednesday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The stock has a 50 day moving average price of $35.73 and a two-hundred day moving average price of $36.95. The stock has a market capitalization of $12.25 billion, a P/E ratio of 11.45 and a beta of 0.35.

Analysts Set New Price Targets

AR has been the subject of several research reports. Benchmark lifted their price target on Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a report on Wednesday, August 12th. Wells Fargo & Company increased their price objective on Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Zacks Research lowered shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Raymond James Financial lifted their target price on shares of Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a research note on Tuesday. Finally, Truist Financial decreased 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 report on Thursday, July 9th. Four analysts have rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat, Antero Resources has an average rating of “Moderate Buy” and a consensus target price of $48.71.

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.