Antero Resources Corporation $AR Shares Bought by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. boosted its stake in shares of Antero Resources Corporation (NYSE:AR) by 5.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 43,990 shares of the oil and natural gas company’s stock after purchasing an additional 2,174 shares during the quarter. Envestnet Asset Management Inc.’s holdings in Antero Resources were worth $1,772,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of AR. SVB Wealth LLC purchased a new stake in shares of Antero Resources in the first quarter worth about $26,000. FNY Investment Advisers LLC boosted its position in Antero Resources by 9,900.0% in the 2nd quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock worth $60,000 after purchasing an additional 1,485 shares in the last quarter. Caitong International Asset Management Co. Ltd purchased a new stake in Antero Resources in the 2nd quarter worth approximately $162,000. Geneos Wealth Management Inc. grew its stake in shares of Antero Resources by 10.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company’s stock worth $164,000 after purchasing an additional 371 shares during the period. Finally, Meeder Advisory Services Inc. purchased a new position in shares of Antero Resources during the 1st quarter valued at approximately $203,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Activity at Antero Resources

In other news, insider Brendan E. Krueger acquired 5,000 shares of Antero Resources stock in a transaction that occurred on Friday, November 7th. The stock was purchased at an average cost of $33.35 per share, with a total value of $166,750.00. Following the purchase, the insider owned 295,917 shares in the company, valued at $9,868,831.95. This trade represents a 1.72% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.30% of the company’s stock.

Analyst Ratings Changes

A number of analysts recently issued reports on AR shares. Wells Fargo & Company raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 price target on the stock in a report on Monday, November 3rd. Scotiabank reissued an “outperform” rating on shares of Antero Resources in a research note on Wednesday, August 13th. Raymond James Financial lifted their price target on Antero Resources from $57.00 to $58.00 and gave the company a “strong-buy” rating in a research note on Tuesday, July 22nd. Barclays reduced their price target on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating for the company in a report on Thursday, October 30th. Finally, Mizuho dropped their price objective on Antero Resources from $49.00 to $41.00 and set an “outperform” rating on the stock in a report on Monday, September 15th. One research analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $44.00.

Antero Resources Trading Up 3.4%

AR stock opened at $34.78 on Wednesday. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $44.01. The business’s 50-day moving average is $32.93 and its 200 day moving average is $35.08. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. The stock has a market cap of $10.73 billion, a price-to-earnings ratio of 18.50 and a beta of 0.62.

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.