Sierra Summit Advisors LLC Invests $805,000 in Antero Resources Corporation $AR

Sierra Summit Advisors LLC acquired a new position in shares of Antero Resources Corporation (NYSE:AR) in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund acquired 19,995 shares of the oil and natural gas company’s stock, valued at approximately $805,000.

Other large investors have also recently bought and sold shares of the company. Charles Schwab Investment Management Inc. raised its holdings in shares of Antero Resources by 2.7% in the second quarter. Charles Schwab Investment Management Inc. now owns 2,056,543 shares of the oil and natural gas company’s stock worth $82,838,000 after acquiring an additional 53,119 shares during the last quarter. AXQ Capital LP lifted its holdings in Antero Resources by 229.2% in the 2nd quarter. AXQ Capital LP now owns 40,276 shares of the oil and natural gas company’s stock valued at $1,622,000 after purchasing an additional 28,040 shares in the last quarter. Journey Strategic Wealth LLC grew its holdings in shares of Antero Resources by 14.5% during the second quarter. Journey Strategic Wealth LLC now owns 9,435 shares of the oil and natural gas company’s stock worth $380,000 after buying an additional 1,197 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Antero Resources by 1.5% during the second quarter. Franklin Resources Inc. now owns 874,825 shares of the oil and natural gas company’s stock valued at $35,238,000 after buying an additional 12,831 shares during the period. Finally, Legal & General Group Plc boosted its position in Antero Resources by 4.8% during the second quarter. Legal & General Group Plc now owns 581,854 shares of the oil and natural gas company’s stock worth $23,437,000 after acquiring an additional 26,610 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Up 0.7%

NYSE AR opened at $33.56 on Friday. The firm has a market capitalization of $10.35 billion, a price-to-earnings ratio of 17.85 and a beta of 0.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. Antero Resources Corporation has a one year low of $29.10 and a one year high of $44.01. The company’s 50 day moving average price is $33.00 and its 200 day moving average price is $35.05.

Insider Buying and Selling

In related news, insider Brendan E. Krueger acquired 5,000 shares of Antero Resources stock in a transaction on Friday, November 7th. The shares were bought at an average price of $33.35 per share, for a total transaction of $166,750.00. Following the completion of the purchase, the insider directly owned 295,917 shares in the company, valued at $9,868,831.95. This trade represents a 1.72% increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 6.30% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Mizuho reduced their price target on Antero Resources from $49.00 to $41.00 and set an “outperform” rating on the stock in a research note on Monday, September 15th. Barclays reduced their target price on Antero Resources from $42.00 to $40.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 30th. Wells Fargo & Company raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and set a $39.00 price objective for the company in a research note on Monday, November 3rd. Weiss Ratings reiterated a “hold (c)” rating on shares of Antero Resources in a report on Wednesday. Finally, UBS Group lowered their target price on shares of Antero Resources from $43.00 to $42.00 and set a “buy” rating for the company in a report on Monday, September 15th. One analyst has rated the stock with a Strong Buy rating, eleven have given a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and an average target price 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.