Grey Fox Wealth Advisors LLC Acquires New Position in Antero Resources Corporation $AR

Grey Fox Wealth Advisors LLC bought a new position in Antero Resources Corporation (NYSE:AR) in the second quarter, according to its most recent filing with the SEC. The firm bought 216,509 shares of the oil and natural gas company’s stock, valued at approximately $7,608,000. Antero Resources makes up 1.2% of Grey Fox Wealth Advisors LLC’s investment portfolio, making the stock its 19th largest position. Grey Fox Wealth Advisors LLC owned 0.07% of Antero Resources as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of AR. Eastern Bank acquired a new position in Antero Resources during the 2nd quarter valued at approximately $26,000. Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources during the third quarter worth $30,000. IFP Advisors Inc grew its holdings in shares of Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in shares of Antero Resources during the fourth quarter valued at $41,000. Finally, Hilton Head Capital Partners LLC acquired a new position in shares of Antero Resources in the 4th quarter valued at $44,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Morgan Stanley reduced their target price on Antero Resources from $56.00 to $48.00 and set an “overweight” rating for the company in a research note on Monday, June 29th. JPMorgan Chase & Co. cut their price objective on Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Bank of America increased their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Tuesday, April 21st. Texas Capital raised Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. Finally, Zacks Research downgraded Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.31.

Antero Resources Trading Down 1.0%

NYSE AR opened at $37.45 on Thursday. The company has a market capitalization of $11.51 billion, a PE ratio of 10.76 and a beta of 0.34. The company has a fifty day moving average of $34.81 and a 200 day moving average of $36.62. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. 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 Company 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.