Antero Resources Corporation $AR Shares Sold by Bank of New York Mellon Corp

Bank of New York Mellon Corp reduced its stake in Antero Resources Corporation (NYSE:AR) by 23.3% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,117,841 shares of the oil and natural gas company’s stock after selling 944,566 shares during the quarter. Bank of New York Mellon Corp’s holdings in Antero Resources were worth $125,587,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AR. SVB Wealth LLC purchased a new stake in Antero Resources in the first quarter valued at approximately $26,000. FNY Investment Advisers LLC grew its stake in shares of Antero Resources by 9,900.0% in the second quarter. FNY Investment Advisers LLC now owns 1,500 shares of the oil and natural gas company’s stock valued at $60,000 after buying an additional 1,485 shares in the last quarter. Morse Asset Management Inc purchased a new stake in shares of Antero Resources in the 1st quarter valued at $142,000. Caitong International Asset Management Co. Ltd purchased a new stake in shares of Antero Resources in the 2nd quarter valued at $162,000. Finally, Geneos Wealth Management Inc. lifted its stake in Antero Resources by 10.1% during the 1st quarter. Geneos Wealth Management Inc. now owns 4,054 shares of the oil and natural gas company’s stock worth $164,000 after acquiring an additional 371 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Down 0.5%

Shares of Antero Resources stock opened at $32.65 on Friday. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 52-week low of $28.25 and a 52-week high of $44.01. The company has a market capitalization of $10.07 billion, a P/E ratio of 17.37 and a beta of 0.62. The company has a 50 day moving average of $32.59 and a 200 day moving average of $35.09.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on AR shares. Mizuho dropped their target price on Antero Resources from $49.00 to $41.00 and set an “outperform” rating for the company in a research report on Monday, September 15th. Weiss Ratings reissued a “hold (c-)” rating on shares of Antero Resources in a research note on Wednesday, October 8th. Barclays cut their target price on shares of Antero Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research note on Thursday, October 30th. Zacks Research lowered shares of Antero Resources from a “hold” rating to a “strong sell” rating in a report on Monday, October 13th. Finally, Raymond James Financial boosted their price target on shares of Antero Resources from $57.00 to $58.00 and gave the stock a “strong-buy” rating in a research note on Tuesday, July 22nd. One investment analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $44.00.

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.