Grey Fox Wealth Advisors LLC Purchases New Position in Antero Resources Corporation $AR

Grey Fox Wealth Advisors LLC purchased a new stake in shares of Antero Resources Corporation (NYSE:AR) in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 216,509 shares of the oil and natural gas company’s stock, valued at approximately $7,608,000. Antero Resources makes up 1.2% of Grey Fox Wealth Advisors LLC’s portfolio, making the stock its 19th biggest position.

A number of other large investors also recently bought and sold shares of the stock. Annandale Capital LLC boosted its position in Antero Resources by 0.4% in the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after purchasing an additional 300 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Antero Resources by 16.7% during the 4th quarter. Parallel Advisors LLC now owns 2,108 shares of the oil and natural gas company’s stock valued at $73,000 after purchasing an additional 301 shares in the last quarter. Brooklyn Investment Group lifted its stake in shares of Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock valued at $529,000 after purchasing an additional 305 shares during the period. Sequoia Financial Advisors LLC lifted its stake in shares of Antero Resources by 4.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock valued at $293,000 after purchasing an additional 343 shares during the period. Finally, IFP Advisors Inc lifted its stake in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock valued at $31,000 after purchasing an additional 345 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently commented on AR shares. Barclays raised their price target on shares of Antero Resources from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, July 30th. Wells Fargo & Company upped their price objective on shares of Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a research report on Friday, July 31st. Wolfe Research reissued an “outperform” rating and set a $48.00 target price on shares of Antero Resources in a research note on Thursday, July 30th. Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, May 26th. Finally, Weiss Ratings upgraded Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a research note on Monday, August 3rd. Three research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $48.31.

Antero Resources Stock Performance

NYSE:AR opened at $37.45 on Thursday. 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 fifty day moving average of $34.81 and a two-hundred day moving average of $36.62. The stock has a market capitalization of $11.51 billion, a PE ratio of 10.76 and a beta of 0.34. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75.

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.