Antero Resources Corporation $AR Stock Purchased by Greenfield Seitz Capital Management LLC

Greenfield Seitz Capital Management LLC lifted its stake in Antero Resources Corporation (NYSE:AR) by 3.6% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 378,613 shares of the oil and natural gas company’s stock after purchasing an additional 13,019 shares during the quarter. Antero Resources comprises approximately 3.7% of Greenfield Seitz Capital Management LLC’s holdings, making the stock its 4th largest position. Greenfield Seitz Capital Management LLC’s holdings in Antero Resources were worth $12,642,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Bank of America Corp DE bought a new position in shares of Antero Resources in the second quarter worth approximately $40,916,000. BIP Wealth LLC purchased a new stake in shares of Antero Resources during the second quarter valued at approximately $1,633,000. Webs Creek Capital Management LP purchased a new stake in shares of Antero Resources during the second quarter valued at approximately $46,963,240. BlackRock Inc. bought a new stake in shares of Antero Resources during the second quarter valued at approximately $966,982,000. Finally, Clough Capital Partners L P increased its position in shares of Antero Resources by 46.3% during the first quarter. Clough Capital Partners L P now owns 503,153 shares of the oil and natural gas company’s stock valued at $21,354,000 after acquiring an additional 159,332 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of NYSE:AR opened at $40.65 on Tuesday. 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 firm has a market cap of $12.50 billion, a price-to-earnings ratio of 9.18 and a beta of 0.54. The business has a 50-day simple moving average of $37.61 and a two-hundred day simple moving average of $36.79. Antero Resources Corporation has a fifty-two week low of $31.08 and a fifty-two week high of $45.75.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on AR shares. Mizuho decreased their price objective on shares of Antero Resources from $57.00 to $51.00 and set an “outperform” rating for the company in a report on Thursday, October 8th. Truist Financial increased their target price on Antero Resources from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Friday. JPMorgan Chase & Co. cut their target price on Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Citigroup lifted their target price on Antero Resources from $45.00 to $50.00 and gave the stock a “buy” rating in a report on Friday. Finally, Wolfe Research restated an “outperform” rating and issued a $48.00 price target on shares of Antero Resources in a research note on Thursday, July 30th. Five research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have assigned a Hold rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $48.74.

Antero Resources Profile

Antero Resources Corporation is an independent energy company engaged in the development, production, exploration and acquisition of natural gas, natural gas liquids (NGLs) and oil. The company’s operations are focused primarily on the Appalachian Basin in the United States.

Antero Resources holds extensive interests in the Marcellus and Utica shale formations, with drilling and production activities concentrated in West Virginia and Ohio. Its product portfolio includes natural gas, ethane, propane, butane, natural gasoline and oil or condensate, which are marketed to domestic and international energy customers.

Founded in 2002 and headquartered in Denver, Colorado, Antero Resources became a publicly traded company in 2013.