Antero Resources Corporation $AR Shares Acquired by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. lifted its stake in Antero Resources Corporation (NYSE:AR) by 10.0% during the second quarter, Holdings Channel reports. The institutional investor owned 1,585,630 shares of the oil and natural gas company’s stock after acquiring an additional 144,357 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Antero Resources were worth $55,719,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. NewEdge Advisors LLC raised its position in Antero Resources by 16,498.3% during the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company’s stock valued at $389,000 after acquiring an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its position in Antero Resources by 7.9% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company’s stock worth $23,882,000 after purchasing an additional 43,312 shares in the last quarter. Focus Partners Wealth boosted its position in Antero Resources by 18.9% in the 1st quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company’s stock worth $806,000 after purchasing an additional 3,169 shares in the last quarter. EverSource Wealth Advisors LLC grew its stake in shares of Antero Resources by 701.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company’s stock worth $120,000 after purchasing an additional 2,616 shares during the period. Finally, Daiwa Securities Group Inc. grew its stake in shares of Antero Resources by 22.5% during the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company’s stock worth $1,470,000 after purchasing an additional 6,700 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AR has been the subject of several recent research reports. UBS Group lifted their target price on shares of Antero Resources from $50.00 to $52.00 and gave the company a “buy” rating in a report on Friday, July 31st. Wells Fargo & Company increased their price target on shares of Antero Resources from $52.00 to $57.00 and gave the stock an “overweight” rating in a report on Friday, July 31st. Texas Capital raised shares of Antero Resources to a “strong-buy” rating in a report on Thursday, June 25th. Truist Financial decreased their price objective on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. Finally, JPMorgan Chase & Co. lowered their target price on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a research note on Wednesday, July 8th. Three equities research analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $48.31.

Antero Resources Trading Down 1.0%

Shares of AR stock opened at $37.45 on Thursday. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.40 and a quick ratio of 0.40. The company has a market cap of $11.51 billion, a price-to-earnings ratio of 10.76 and a beta of 0.34. The stock has a 50 day simple moving average of $34.81 and a 200-day simple moving average of $36.62. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year 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.