Antero Resources Co. (NYSE:AR) Shares Sold by The Manufacturers Life Insurance Company

The Manufacturers Life Insurance Company cut its position in Antero Resources Co. (NYSE:AR) by 1.7% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 295,121 shares of the oil and natural gas company’s stock after selling 5,171 shares during the period. The Manufacturers Life Insurance Company’s holdings in Antero Resources were worth $8,455,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AR. UMB Bank n.a. increased its holdings in Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 686 shares during the period. Capital Performance Advisors LLP purchased a new stake in shares of Antero Resources in the 3rd quarter valued at $45,000. Mattson Financial Services LLC acquired a new stake in shares of Antero Resources in the second quarter worth $64,000. GAMMA Investing LLC raised its holdings in shares of Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock worth $98,000 after purchasing an additional 655 shares during the last quarter. Finally, Innealta Capital LLC acquired a new position in Antero Resources during the second quarter valued at $137,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $32.10 on Wednesday. The stock has a market capitalization of $9.99 billion, a P/E ratio of 229.29 and a beta of 3.42. The business has a 50 day simple moving average of $29.33 and a two-hundred day simple moving average of $29.94. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28.

Analysts Set New Price Targets

Several equities research analysts have weighed in on AR shares. Roth Capital raised Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. UBS Group reduced their price target on Antero Resources from $33.00 to $31.00 and set a “neutral” rating for the company in a research report on Monday, November 4th. Barclays lowered their price objective on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a research report on Thursday, October 3rd. Morgan Stanley decreased their target price on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, September 16th. Finally, Truist Financial dropped their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and an average target price of $33.50.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.