Viking Fund Management LLC Has $4.91 Million Holdings in Antero Resources Co. (NYSE:AR)

Viking Fund Management LLC increased its holdings in Antero Resources Co. (NYSE:AR) by 40.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 140,000 shares of the oil and natural gas company’s stock after buying an additional 40,000 shares during the period. Viking Fund Management LLC’s holdings in Antero Resources were worth $4,907,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Wellington Management Group LLP increased its holdings in shares of Antero Resources by 4.0% during the third quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after buying an additional 675,053 shares in the last quarter. Geode Capital Management LLC boosted its holdings in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after acquiring an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Antero Resources by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after acquiring an additional 411,549 shares during the last quarter. Merewether Investment Management LP boosted its position in shares of Antero Resources by 4.6% during the 2nd quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after purchasing an additional 128,200 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA grew its position 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 buying an additional 122,815 shares during the period. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analysts Set New Price Targets

AR has been the subject of a number of research reports. Barclays decreased their price objective on Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a report on Thursday, October 3rd. Wells Fargo & Company raised Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price objective for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research note on Thursday, January 16th. Raymond James upped their price target on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research note on Thursday, November 21st. Finally, Citigroup lifted their target price on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. One analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $36.88.

Antero Resources Price Performance

Shares of AR stock opened at $39.93 on Wednesday. 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 stock has a market capitalization of $12.42 billion, a price-to-earnings ratio of 285.19 and a beta of 3.37. The stock has a fifty day simple moving average of $34.00 and a two-hundred day simple moving average of $30.18. Antero Resources Co. has a twelve month low of $20.56 and a twelve month high of $40.93.

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.