Canada Pension Plan Investment Board Takes $78.18 Million Position in Antero Resources Corporation $AR

Canada Pension Plan Investment Board acquired a new stake in shares of Antero Resources Corporation (NYSE:AR) during the second quarter, according to its most recent filing with the SEC. The fund acquired 2,224,732 shares of the oil and natural gas company’s stock, valued at approximately $78,177,000. Canada Pension Plan Investment Board owned 0.72% of Antero Resources as of its most recent filing with the SEC.

A number of other institutional investors have also added to or reduced their stakes in the stock. BlackRock Inc. purchased a new position in Antero Resources during the 2nd quarter valued at about $966,982,000. Dimensional Fund Advisors LP lifted its holdings in shares of Antero Resources by 12.7% in the first quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after buying an additional 1,153,422 shares in the last quarter. State Street Corp lifted its holdings in shares of Antero Resources by 1.2% in the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after buying an additional 116,461 shares in the last quarter. Sourcerock Group LLC boosted its position in shares of Antero Resources by 10.6% in the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after acquiring an additional 783,117 shares during the period. Finally, Invesco Ltd. boosted its position in shares of Antero Resources by 18.0% in the fourth quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock valued at $172,291,000 after acquiring an additional 761,842 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 1.6%

AR stock opened at $38.54 on Thursday. 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 company’s 50 day moving average is $35.33 and its 200 day moving average is $36.82. The stock has a market cap of $11.85 billion, a price-to-earnings ratio of 11.07 and a beta of 0.34. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on AR shares. JPMorgan Chase & Co. decreased their target price on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. UBS Group boosted their price target 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 upped their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a report on Wednesday, August 12th. Finally, Wolfe Research reiterated an “outperform” rating and issued a $48.00 price objective on shares of Antero Resources in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, eleven have issued a Buy rating and six have issued a Hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $48.31.

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.