49,470 Antero Resources Corporation $AR Shares Purchased by Retirement Systems of Alabama

Retirement Systems of Alabama increased its position in Antero Resources Corporation (NYSE:AR) by 6.6% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 796,106 shares of the oil and natural gas company’s stock after acquiring an additional 49,470 shares during the quarter. Retirement Systems of Alabama owned about 0.26% of Antero Resources worth $26,582,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. BlackRock Inc. bought a new stake in Antero Resources during the 2nd quarter worth approximately $966,982,000. Dimensional Fund Advisors LP boosted its holdings in Antero Resources by 12.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 10,239,070 shares of the oil and natural gas company’s stock valued at $434,597,000 after purchasing an additional 1,153,422 shares during the period. Bank of New York Mellon Corp boosted its holdings in Antero Resources by 12.2% in the 1st quarter. Bank of New York Mellon Corp now owns 3,478,218 shares of the oil and natural gas company’s stock valued at $147,616,000 after purchasing an additional 377,010 shares during the period. Diamond Hill Capital Management LLC Investment Advisor purchased a new position in shares of Antero Resources during the 2nd quarter valued at $100,212,000. Finally, Palo Duro Investment Partners LP purchased a new position in shares of Antero Resources during the 2nd quarter valued at $95,985,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $37.61 on Wednesday. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.39 and a quick ratio of 0.39. The business’s 50 day simple moving average is $37.49 and its two-hundred day simple moving average is $36.92. The stock has a market capitalization of $11.55 billion, a P/E ratio of 8.49 and a beta of 0.50. Antero Resources Corporation has a one year low of $31.15 and a one year high of $45.75.

Analyst Ratings Changes

AR has been the topic of a number of recent analyst reports. Weiss Ratings upgraded Antero Resources from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Tuesday, October 27th. Wolfe Research reissued an “outperform” rating and set a $48.00 price objective on shares of Antero Resources in a research note on Thursday, July 30th. Barclays reduced their target price on Antero Resources from $46.00 to $45.00 and set an “equal weight” rating for the company in a research report on Monday, August 17th. Benchmark upped their target price on Antero Resources from $44.00 to $47.00 and gave the stock a “buy” rating in a research note on Wednesday, August 12th. Finally, Morgan Stanley raised their price target on Antero Resources from $49.00 to $51.00 and gave the company an “overweight” rating in a report on Thursday, October 15th. Five equities research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $48.74.

Antero Resources Profile

Antero Resources Corporation is an independent energy company focused on acquiring, developing and producing natural gas, natural gas liquids and oil from unconventional reserves in the Appalachian Basin. Its operations are concentrated in the Marcellus Shale in West Virginia and the Utica Shale in Ohio. The company’s products include natural gas and natural gas liquids such as ethane, propane, butane and natural gasoline. Antero also markets and transports its production to customers, including users in domestic and international energy markets.