Wealth Enhancement Advisory Services LLC Has $681,000 Holdings in Antero Resources Co. (NYSE:AR)

Wealth Enhancement Advisory Services LLC grew its position in shares of Antero Resources Co. (NYSE:AR) by 94.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 23,769 shares of the oil and natural gas company’s stock after acquiring an additional 11,515 shares during the quarter. Wealth Enhancement Advisory Services LLC’s holdings in Antero Resources were worth $681,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. raised its stake in shares of Antero Resources by 269.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after purchasing an additional 2,893,395 shares during the last quarter. Natixis Advisors LLC lifted its stake in Antero Resources by 488.7% during the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock valued at $46,624,000 after acquiring an additional 1,186,163 shares in the last quarter. Acadian Asset Management LLC boosted its holdings in Antero Resources by 7,781.2% during the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock worth $31,113,000 after acquiring an additional 941,756 shares during the last quarter. William Blair Investment Management LLC purchased a new stake in shares of Antero Resources in the first quarter valued at about $25,288,000. Finally, Castle Hook Partners LP lifted its position in shares of Antero Resources by 160.3% during the first quarter. Castle Hook Partners LP now owns 1,226,758 shares of the oil and natural gas company’s stock valued at $35,576,000 after purchasing an additional 755,439 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of recent analyst reports. BMO Capital Markets upped their price objective on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Truist Financial dropped their price target on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. UBS Group decreased their target price on Antero Resources from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday. Roth Mkm began coverage on shares of Antero Resources in a report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 price target on the stock. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $32.83.

Antero Resources Stock Performance

Shares of NYSE AR opened at $28.68 on Friday. The stock has a market cap of $8.92 billion, a price-to-earnings ratio of 204.82 and a beta of 3.36. The stock’s 50-day moving average is $27.44 and its 200 day moving average is $30.15. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 1-year low of $20.10 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.