Webs Creek Capital Management LP Invests $46.96 Billion in Antero Resources Corporation $AR

Webs Creek Capital Management LP bought a new position in Antero Resources Corporation (NYSE:AR) during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 1,336,461 shares of the oil and natural gas company’s stock, valued at approximately $46,963,240,000. Antero Resources comprises about 8.9% of Webs Creek Capital Management LP’s investment portfolio, making the stock its 5th largest position. Webs Creek Capital Management LP owned about 0.43% of Antero Resources as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Eastern Bank bought a new position in Antero Resources in the 2nd quarter worth $26,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Antero Resources in the second quarter worth about $29,000. Rakuten Securities Inc. purchased a new stake in Antero Resources in the second quarter worth about $31,000. Sunbelt Securities Inc. bought a new position in shares of Antero Resources in the third quarter worth about $30,000. Finally, IFP Advisors Inc lifted its position in shares of Antero Resources by 59.2% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Trading Down 0.1%

Shares of AR stock opened at $37.89 on Tuesday. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29. The stock has a market capitalization of $11.65 billion, a price-to-earnings ratio of 10.89 and a beta of 0.34. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The stock’s 50-day moving average price is $35.15 and its 200-day moving average price is $36.76.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Morgan Stanley reiterated an “overweight” rating and set a $49.00 price objective on shares of Antero Resources in a research note on Wednesday, August 19th. Wells Fargo & Company increased their price objective on shares of Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research note on Friday, July 31st. UBS Group raised their price objective on shares of Antero Resources from $50.00 to $52.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Benchmark lifted their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a “buy” rating in a research note on Wednesday, August 12th. Finally, Weiss Ratings raised shares of Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a report on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have given a Hold rating to the stock. According to MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and an average price target of $48.31.

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.