HighTower Advisors LLC Boosts Stock Holdings in Antero Resources Co. (NYSE:AR)

HighTower Advisors LLC increased its position in shares of Antero Resources Co. (NYSE:AR) by 21.5% during the third quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 18,432 shares of the oil and natural gas company’s stock after buying an additional 3,266 shares during the period. HighTower Advisors LLC’s holdings in Antero Resources were worth $532,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. UMB Bank n.a. boosted its stake in shares of Antero Resources by 357.3% during the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after acquiring an additional 686 shares in the last quarter. True Wealth Design LLC purchased a new position in Antero Resources during the third quarter worth approximately $30,000. Capital Performance Advisors LLP acquired a new stake in Antero Resources in the third quarter valued at approximately $45,000. Mattson Financial Services LLC purchased a new stake in shares of Antero Resources in the second quarter valued at approximately $64,000. Finally, Innealta Capital LLC purchased a new stake in shares of Antero Resources in the second quarter valued at approximately $137,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on AR. Barclays cut their price target on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Bank of America initiated coverage on shares of Antero Resources in a research note on Monday, October 28th. They set a “buy” rating and a $36.00 target price for the company. UBS Group raised their price target on shares of Antero Resources from $31.00 to $35.00 and gave the company a “neutral” rating in a research note on Monday, December 9th. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $32.00 in a research note on Tuesday. Finally, StockNews.com upgraded Antero Resources to a “sell” rating in a research report on Friday, November 1st. One research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $34.78.

Antero Resources Stock Up 0.2 %

Shares of NYSE AR opened at $30.93 on Friday. The company has a market capitalization of $9.62 billion, a P/E ratio of 220.93 and a beta of 3.42. 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 company has a 50 day simple moving average of $30.04 and a 200-day simple moving average of $29.75. Antero Resources Co. has a 1 year low of $20.56 and a 1 year high of $36.28.

About Antero Resources

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.