MetLife Investment Management LLC Sells 2,749 Shares of Antero Resources Co. (NYSE:AR)

MetLife Investment Management LLC trimmed its position in shares of Antero Resources Co. (NYSE:AR) by 1.8% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 151,059 shares of the oil and natural gas company’s stock after selling 2,749 shares during the quarter. MetLife Investment Management LLC’s holdings in Antero Resources were worth $4,328,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its position in Antero Resources by 6.2% in the first quarter. Price T Rowe Associates Inc. MD now owns 151,281 shares of the oil and natural gas company’s stock worth $4,388,000 after purchasing an additional 8,877 shares during the last quarter. Cetera Advisors LLC purchased a new position in shares of Antero Resources in the first quarter worth approximately $247,000. GAMMA Investing LLC grew its position in 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 valued at $98,000 after buying an additional 655 shares during the period. CWM LLC increased its holdings in Antero Resources by 242.7% during the second quarter. CWM LLC now owns 9,177 shares of the oil and natural gas company’s stock valued at $299,000 after buying an additional 6,499 shares during the last quarter. Finally, Simplicity Wealth LLC bought a new position in Antero Resources in the second quarter worth approximately $257,000. 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 $32.69 on Monday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The stock has a 50 day moving average of $29.27 and a 200 day moving average of $29.99. The firm has a market cap of $10.17 billion, a PE ratio of 233.50 and a beta of 3.36.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research report on Wednesday, September 11th. The Goldman Sachs Group reduced their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Roth Mkm assumed coverage on Antero Resources in a research report on Tuesday, August 27th. They set a “buy” rating and a $32.00 price objective on the stock. StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Friday, November 1st. Finally, Morgan Stanley lowered their price target on shares of Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.