Citigroup Inc. Acquires 24,455 Shares of Antero Resources Co. (NYSE:AR)

Citigroup Inc. grew its holdings in Antero Resources Co. (NYSE:AR) by 15.9% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 178,053 shares of the oil and natural gas company’s stock after acquiring an additional 24,455 shares during the quarter. Citigroup Inc.’s holdings in Antero Resources were worth $5,101,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Charles Schwab Investment Management Inc. grew its holdings in shares of Antero Resources by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock worth $55,278,000 after buying an additional 27,617 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of Antero Resources by 4.8% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after acquiring an additional 122,815 shares in the last quarter. Thompson Siegel & Walmsley LLC raised its holdings in shares of Antero Resources by 2.7% in the third quarter. Thompson Siegel & Walmsley LLC now owns 221,736 shares of the oil and natural gas company’s stock valued at $6,353,000 after purchasing an additional 5,932 shares during the last quarter. Payden & Rygel boosted its holdings in Antero Resources by 1,172.6% during the third quarter. Payden & Rygel now owns 49,760 shares of the oil and natural gas company’s stock worth $1,426,000 after purchasing an additional 45,850 shares during the last quarter. Finally, Connor Clark & Lunn Investment Management Ltd. grew its position in Antero Resources by 85.1% in the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock valued at $4,810,000 after purchasing an additional 77,193 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Performance

NYSE:AR opened at $31.79 on Tuesday. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The business’s fifty day moving average is $29.27 and its 200 day moving average is $29.96. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The firm has a market cap of $9.89 billion, a price-to-earnings ratio of 233.50 and a beta of 3.36.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on the company. Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a report on Wednesday, September 11th. JPMorgan Chase & Co. lowered their price target on Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research report on Friday, November 1st. Roth Mkm assumed coverage on shares of Antero Resources in a research note on Tuesday, August 27th. They issued a “buy” rating and a $32.00 target price for the company. Finally, Truist Financial lowered their price target on 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 analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $33.50.

Antero Resources Company Profile

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.