VELA Investment Management LLC Buys 29,986 Shares of Antero Resources Corporation $AR

VELA Investment Management LLC raised its stake in Antero Resources Corporation (NYSE:AR) by 28.7% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 134,472 shares of the oil and natural gas company’s stock after buying an additional 29,986 shares during the period. Antero Resources comprises 1.0% of VELA Investment Management LLC’s holdings, making the stock its 29th biggest holding. VELA Investment Management LLC’s holdings in Antero Resources were worth $4,725,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also added to or reduced their stakes in the stock. Readystate Asset Management LP purchased a new position in shares of Antero Resources during the second quarter worth approximately $15,103,000. Wedmont Private Capital boosted its holdings in shares of Antero Resources by 37.3% in the second quarter. Wedmont Private Capital now owns 29,955 shares of the oil and natural gas company’s stock valued at $995,000 after purchasing an additional 8,134 shares during the period. HB Wealth Management LLC boosted its holdings in shares of Antero Resources by 63.5% in the second quarter. HB Wealth Management LLC now owns 22,249 shares of the oil and natural gas company’s stock valued at $782,000 after purchasing an additional 8,642 shares during the period. Angeles Wealth Management LLC bought a new position in Antero Resources in the second quarter worth approximately $536,000. Finally, AlphaGrep UK Ltd bought a new position in Antero Resources in the second quarter worth approximately $634,000. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. Texas Capital raised Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Wells Fargo & Company raised their price target on Antero Resources from $52.00 to $57.00 and gave the company an “overweight” rating in a research note on Friday, July 31st. Weiss Ratings upgraded Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a report on Thursday. Barclays decreased their price objective on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a report on Monday, August 17th. Finally, Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have given a Hold rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $49.12.

Antero Resources Stock Up 0.0%

Antero Resources stock opened at $39.42 on Monday. The business has a fifty day moving average of $36.02 and a two-hundred day moving average of $37.06. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The firm has a market cap of $12.12 billion, a P/E ratio of 11.33 and a beta of 0.35. Antero Resources Corporation has a twelve month low of $29.10 and a twelve month high of $45.75.

Antero Resources Company 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.