Antero Resources Co. (NYSE:AR) Stake Lessened by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp cut its stake in Antero Resources Co. (NYSE:AR) by 29.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,600 shares of the oil and natural gas company’s stock after selling 42,745 shares during the period. Antero Resources accounts for 1.5% of MADDEN SECURITIES Corp’s portfolio, making the stock its 19th largest position. MADDEN SECURITIES Corp’s holdings in Antero Resources were worth $3,666,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently added to or reduced their stakes in the company. Savant Capital LLC raised its stake in shares of Antero Resources by 19.2% in the 4th quarter. Savant Capital LLC now owns 9,621 shares of the oil and natural gas company’s stock valued at $337,000 after purchasing an additional 1,549 shares in the last quarter. Kestra Private Wealth Services LLC bought a new stake in Antero Resources in the fourth quarter valued at about $447,000. Entropy Technologies LP acquired a new stake in Antero Resources during the fourth quarter valued at approximately $1,917,000. Empowered Funds LLC lifted its holdings in Antero Resources by 1.6% during the 4th quarter. Empowered Funds LLC now owns 91,630 shares of the oil and natural gas company’s stock worth $3,212,000 after buying an additional 1,445 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB grew its position in shares of Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after acquiring an additional 913 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

Shares of NYSE:AR opened at $40.02 on Tuesday. The stock has a market cap of $12.45 billion, a price-to-earnings ratio of 285.86 and a beta of 3.33. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. Antero Resources Co. has a 12 month low of $20.56 and a 12 month high of $41.53. The stock’s 50 day moving average price is $35.78 and its 200 day moving average price is $30.91.

Analyst Ratings Changes

Several equities research analysts recently issued reports on the company. Bank of America initiated coverage on Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 price target on the stock. Citigroup increased their target price on shares of Antero Resources from $29.00 to $35.00 and gave the stock a “neutral” rating in a report on Friday, December 6th. Wells Fargo & Company raised shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their price target for the company from $24.00 to $32.00 in a report on Tuesday, December 17th. UBS Group increased their price objective on shares of Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Truist Financial lifted their target price on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.