Bank of New York Mellon Corp Reduces Stock Holdings in Antero Resources Corporation $AR

Bank of New York Mellon Corp cut its holdings in Antero Resources Corporation (NYSE:AR) by 23.3% in the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,117,841 shares of the oil and natural gas company’s stock after selling 944,566 shares during the quarter. Bank of New York Mellon Corp owned about 1.01% of Antero Resources worth $125,587,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Machina Capital S.A.S. acquired a new stake in Antero Resources during the second quarter valued at $427,000. Wakefield Asset Management LLLP acquired a new stake in shares of Antero Resources in the second quarter valued at about $1,478,000. Colrain Capital LLC grew its position in shares of Antero Resources by 7.2% in the second quarter. Colrain Capital LLC now owns 163,000 shares of the oil and natural gas company’s stock valued at $6,566,000 after purchasing an additional 11,000 shares during the period. Hantz Financial Services Inc. increased its stake in shares of Antero Resources by 144,481.1% during the second quarter. Hantz Financial Services Inc. now owns 130,123 shares of the oil and natural gas company’s stock worth $5,241,000 after purchasing an additional 130,033 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of Antero Resources by 8.3% during the 2nd quarter. Teacher Retirement System of Texas now owns 103,523 shares of the oil and natural gas company’s stock worth $4,170,000 after purchasing an additional 7,940 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Down 0.5%

AR opened at $32.65 on Friday. The stock has a market capitalization of $10.07 billion, a PE ratio of 17.37 and a beta of 0.62. Antero Resources Corporation has a one year low of $28.25 and a one year high of $44.01. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The business’s 50 day moving average price is $32.59 and its 200 day moving average price is $35.09.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on AR. Citigroup upgraded Antero Resources from a “neutral” rating to a “buy” rating and raised their target price for the company from $37.00 to $39.00 in a research report on Tuesday, September 23rd. Scotiabank restated an “outperform” rating on shares of Antero Resources in a report on Wednesday, August 13th. UBS Group cut their price target on Antero Resources from $43.00 to $42.00 and set a “buy” rating for the company in a report on Monday, September 15th. Raymond James Financial lifted their price objective on Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, July 22nd. Finally, Roth Capital lowered Antero Resources from a “buy” rating to a “neutral” rating and lowered their price objective for the stock from $44.00 to $32.00 in a research note on Monday, August 18th. One equities research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Antero Resources Company Profile

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.