Thrivent Financial for Lutherans Sells 1,909 Shares of Antero Resources Co. (NYSE:AR)

Thrivent Financial for Lutherans cut its holdings in shares of Antero Resources Co. (NYSE:AR) by 2.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 68,682 shares of the oil and natural gas company’s stock after selling 1,909 shares during the period. Thrivent Financial for Lutherans’ holdings in Antero Resources were worth $1,968,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of AR. UMB Bank n.a. increased its holdings in Antero Resources by 357.3% in the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares during the last quarter. Capital Performance Advisors LLP bought a new stake in shares of Antero Resources in the 3rd quarter valued at about $45,000. Mattson Financial Services LLC acquired a new stake in shares of Antero Resources in the 2nd quarter valued at approximately $64,000. GAMMA Investing LLC boosted its stake 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 last quarter. Finally, Signaturefd LLC increased its stake in Antero Resources by 19.9% in the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock valued at $121,000 after purchasing an additional 702 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

Shares of AR opened at $32.48 on Friday. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a 50-day moving average of $29.06 and a 200-day moving average of $30.00. The company has a market cap of $10.11 billion, a PE ratio of 232.00 and a beta of 3.36. Antero Resources Co. has a one year low of $20.10 and a one year high of $36.28.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday, November 1st. Mizuho decreased their target price on Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. The Goldman Sachs Group dropped their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. BMO Capital Markets boosted their price objective on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. Finally, Citigroup started coverage on shares of Antero Resources in a report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 target price on the stock. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $33.50.

Antero Resources Company 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.