Assenagon Asset Management S.A. Raises Stock Holdings in Antero Resources Co. (NYSE:AR)

Assenagon Asset Management S.A. grew its position in shares of Antero Resources Co. (NYSE:AR) by 5.7% in the second quarter, according to its most recent filing with the SEC. The fund owned 1,282,334 shares of the oil and natural gas company’s stock after acquiring an additional 69,172 shares during the quarter. Assenagon Asset Management S.A. owned about 0.41% of Antero Resources worth $41,843,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Benjamin F. Edwards & Company Inc. raised its position in Antero Resources by 11.3% during the first quarter. Benjamin F. Edwards & Company Inc. now owns 3,384 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 343 shares during the period. Lindbrook Capital LLC raised its holdings in Antero Resources by 35.1% during the 1st quarter. Lindbrook Capital LLC now owns 1,998 shares of the oil and natural gas company’s stock valued at $58,000 after buying an additional 519 shares during the period. Quadrant Capital Group LLC lifted its position in Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock worth $62,000 after buying an additional 602 shares during the last quarter. Confluence Investment Management LLC boosted its stake in Antero Resources by 3.4% during the second quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock worth $604,000 after buying an additional 616 shares during the period. Finally, GAMMA Investing LLC increased its position in Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 655 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AR. The Goldman Sachs Group boosted their target price on Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Jefferies Financial Group lifted their price objective on shares of Antero Resources from $40.00 to $41.00 and gave the company a “buy” rating in a report on Thursday, July 11th. Mizuho upped their target price on shares of Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a research note on Monday, May 13th. Scotiabank raised their target price on shares of Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a research report on Tuesday, April 30th. Finally, StockNews.com upgraded Antero Resources to a “sell” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $33.38.

Antero Resources Price Performance

AR traded up $0.05 during trading on Friday, hitting $27.89. The company’s stock had a trading volume of 1,469,916 shares, compared to its average volume of 4,250,398. The firm has a market capitalization of $8.67 billion, a price-to-earnings ratio of 139.45 and a beta of 3.40. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The business’s fifty day simple moving average is $30.91 and its 200 day simple moving average is $29.56. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.22.

Insider Activity

In related news, insider Sheri Pearce sold 16,377 shares of Antero Resources stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $35.50, for a total transaction of $581,383.50. Following the transaction, the insider now owns 77,460 shares in the company, valued at $2,749,830. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Yvette K. Schultz sold 50,000 shares of the business’s stock in a transaction that occurred on Monday, August 5th. The shares were sold at an average price of $25.24, for a total value of $1,262,000.00. Following the sale, the insider now directly owns 248,363 shares of the company’s stock, valued at approximately $6,268,682.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Sheri Pearce sold 16,377 shares of the company’s stock in a transaction on Monday, May 20th. The stock was sold at an average price of $35.50, for a total value of $581,383.50. Following the transaction, the insider now owns 77,460 shares in the company, valued at $2,749,830. The disclosure for this sale can be found here. Company insiders own 6.70% of the company’s stock.

Antero Resources 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.