RR Advisors LLC Buys Shares of 304,750 Antero Resources Corporation $AR

RR Advisors LLC bought a new stake in shares of Antero Resources Corporation (NYSE:AR) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor bought 304,750 shares of the oil and natural gas company’s stock, valued at approximately $10,709,000. Antero Resources comprises 3.1% of RR Advisors LLC’s holdings, making the stock its 14th biggest position.

A number of other hedge funds have also made changes to their positions in the stock. BlackRock Inc. acquired a new stake in Antero Resources in the second quarter valued at $966,982,000. Dimensional Fund Advisors LP grew its holdings in Antero Resources by 12.7% during the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock worth $434,597,000 after acquiring an additional 1,153,422 shares in the last quarter. State Street Corp increased its position in shares of Antero Resources by 1.2% in the 3rd quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after purchasing an additional 116,461 shares during the last quarter. Sourcerock Group LLC increased its position in shares of Antero Resources by 10.6% in the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock worth $328,529,000 after purchasing an additional 783,117 shares during the last quarter. Finally, Invesco Ltd. increased its position in shares of Antero Resources by 18.0% in the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock worth $172,291,000 after purchasing an additional 761,842 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Trading Up 0.3%

Antero Resources stock opened at $38.04 on Monday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The firm’s 50-day moving average is $35.08 and its 200-day moving average is $36.74. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The company has a market cap of $11.70 billion, a P/E ratio of 10.93 and a beta of 0.34.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Wells Fargo & Company boosted their price objective on Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a report on Friday, July 31st. Wolfe Research restated an “outperform” rating and set a $48.00 price objective on shares of Antero Resources in a research note on Thursday, July 30th. Truist Financial reduced their target price on Antero Resources from $56.00 to $52.00 and set a “buy” rating on the stock in a report on Thursday, July 9th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $49.00 target price on shares of Antero Resources in a research report on Wednesday. Three equities research analysts have 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, the company presently has a consensus rating of “Moderate Buy” and an average price target of $48.31.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.