Gradient Investments LLC Sells 1,372 Shares of Antero Resources Co. (NYSE:AR)

Gradient Investments LLC cut its holdings in Antero Resources Co. (NYSE:AR) by 7.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,580 shares of the oil and natural gas company’s stock after selling 1,372 shares during the quarter. Gradient Investments LLC’s holdings in Antero Resources were worth $581,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in AR. Wellington Management Group LLP lifted its holdings in shares of Antero Resources by 4.0% during the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after purchasing an additional 675,053 shares in the last quarter. Geode Capital Management LLC raised its position in Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after buying an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. lifted its stake in Antero Resources by 10.4% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after acquiring an additional 411,549 shares during the period. Massachusetts Financial Services Co. MA boosted its holdings in shares of Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after acquiring an additional 122,815 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in shares of Antero Resources by 1.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock worth $55,278,000 after acquiring an additional 27,617 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Price Performance

NYSE:AR opened at $40.14 on Friday. The stock has a market cap of $12.49 billion, a PE ratio of 286.69 and a beta of 3.37. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The business’s 50-day simple moving average is $34.59 and its two-hundred day simple moving average is $30.36. Antero Resources Co. has a 52 week low of $20.56 and a 52 week high of $41.53.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on AR shares. Barclays dropped their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. The Goldman Sachs Group raised their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research note on Thursday. Citigroup upped their price objective on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Truist Financial raised their target price on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Finally, Benchmark restated a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $38.63.

About Antero Resources

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.