Antero Resources Corporation $AR Shares Acquired by UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Antero Resources Corporation (NYSE:AR) by 2.8% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 619,783 shares of the oil and natural gas company’s stock after buying an additional 16,799 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.20% of Antero Resources worth $21,779,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also made changes to their positions in the stock. BlackRock Inc. bought a new stake in Antero Resources in the second quarter worth about $966,982,000. Bank of New York Mellon Corp acquired a new stake in Antero Resources during the second quarter valued at approximately $106,063,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in Antero Resources during the second quarter worth approximately $100,212,000. Palo Duro Investment Partners LP bought a new stake in Antero Resources during the second quarter worth approximately $95,985,000. Finally, Assenagon Asset Management S.A. grew its position in Antero Resources by 177.4% in the first quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock worth $153,261,000 after buying an additional 2,309,388 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Trading Down 0.7%

Shares of Antero Resources stock opened at $39.42 on Friday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75. The company’s fifty day simple moving average is $36.02 and its 200-day simple moving average is $37.04. The company has a market cap of $12.12 billion, a price-to-earnings ratio of 11.33 and a beta of 0.35. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.29.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on AR. Zacks Research cut Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Raymond James Financial increased their target price on Antero Resources from $50.00 to $55.00 and gave the company a “strong-buy” rating in a report on Tuesday. Citigroup reduced their price objective on Antero Resources from $53.00 to $45.00 and set a “buy” rating for the company in a research note on Monday, August 3rd. Benchmark increased their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research report on Wednesday, August 12th. Finally, The Goldman Sachs Group boosted their price objective on shares of Antero Resources from $42.00 to $48.00 and gave the company a “buy” rating in a research report on Wednesday. Four analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and five have assigned a Hold rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $49.12.

Antero Resources Company 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.