Antero Resources Co. (NYSE:AR) Shares Purchased by M&T Bank Corp

M&T Bank Corp lifted its stake in Antero Resources Co. (NYSE:AR) by 3.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 24,155 shares of the oil and natural gas company’s stock after acquiring an additional 743 shares during the period. M&T Bank Corp’s holdings in Antero Resources were worth $692,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. Gordian Capital Singapore Pte Ltd bought a new position in Antero Resources during the third quarter valued at about $430,000. Wellington Management Group LLP lifted its holdings in Antero Resources by 4.0% in the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock valued at $500,231,000 after acquiring an additional 675,053 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Antero Resources during the 3rd quarter valued at about $558,000. Quadrature Capital Ltd grew its stake in shares of Antero Resources by 4.2% in the 3rd quarter. Quadrature Capital Ltd now owns 39,216 shares of the oil and natural gas company’s stock worth $1,124,000 after purchasing an additional 1,593 shares during the last quarter. Finally, HITE Hedge Asset Management LLC raised its holdings in shares of Antero Resources by 537.2% in the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock worth $27,352,000 after purchasing an additional 804,851 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

Shares of NYSE:AR opened at $31.57 on Tuesday. The firm has a market cap of $9.82 billion, a price-to-earnings ratio of 225.50 and a beta of 3.42. Antero Resources Co. has a 1 year low of $20.56 and a 1 year high of $36.28. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The business has a fifty day simple moving average of $29.92 and a 200 day simple moving average of $29.77.

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on AR shares. UBS Group raised their target price on shares of Antero Resources from $31.00 to $35.00 and gave the stock a “neutral” rating in a report on Monday, December 9th. Truist Financial cut their target price 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. Roth Capital raised Antero Resources to a “strong-buy” rating in a report on Tuesday, August 27th. Raymond James lifted their price target on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating for the company in a research note on Thursday, September 12th. 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 MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $34.33.

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.