HITE Hedge Asset Management LLC Acquires 804,851 Shares of Antero Resources Co. (NYSE:AR)

HITE Hedge Asset Management LLC raised its stake in Antero Resources Co. (NYSE:AR) by 537.2% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 954,685 shares of the oil and natural gas company’s stock after acquiring an additional 804,851 shares during the period. Antero Resources accounts for about 3.2% of HITE Hedge Asset Management LLC’s investment portfolio, making the stock its 8th biggest holding. HITE Hedge Asset Management LLC owned about 0.31% of Antero Resources worth $27,352,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its stake in shares of Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 shares during the last quarter. True Wealth Design LLC purchased a new position in Antero Resources in the third quarter worth $30,000. Capital Performance Advisors LLP acquired a new stake in shares of Antero Resources during the third quarter valued at $45,000. Mattson Financial Services LLC purchased a new stake in shares of Antero Resources during the 2nd quarter valued at about $64,000. Finally, GAMMA Investing LLC boosted its position in Antero Resources by 27.8% during the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after acquiring an additional 655 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Down 2.8 %

AR stock opened at $31.79 on Tuesday. The stock has a market cap of $9.89 billion, a P/E ratio of 227.07 and a beta of 3.42. Antero Resources Co. has a twelve month low of $20.10 and a twelve month high of $36.28. The business’s 50-day moving average price is $29.33 and its 200-day moving average price is $29.94. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on the company. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target on the stock in a research report on Wednesday, September 11th. JPMorgan Chase & Co. reduced their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research report on Thursday, September 12th. The Goldman Sachs Group reduced their price objective on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research note on Friday, September 6th. Morgan Stanley reduced their price target on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, September 16th. Finally, Raymond James boosted their price objective on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Two equities research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Antero Resources has a consensus rating of “Moderate Buy” and an average target price of $33.50.

About Antero Resources

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.