Retirement Systems of Alabama Grows Stake in Antero Resources Co. (NYSE:AR)

Retirement Systems of Alabama lifted its stake in Antero Resources Co. (NYSE:AR) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 355,648 shares of the oil and natural gas company’s stock after purchasing an additional 518 shares during the quarter. Retirement Systems of Alabama’s holdings in Antero Resources were worth $12,465,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of the stock. HITE Hedge Asset Management LLC increased its stake in Antero Resources by 537.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after purchasing an additional 804,851 shares in the last quarter. Wellington Management Group LLP increased its position 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 valued at $500,231,000 after acquiring an additional 675,053 shares in the last quarter. Kailix Advisors LLC purchased a new position in Antero Resources in the 3rd quarter worth approximately $17,327,000. Assenagon Asset Management S.A. lifted its position in Antero Resources by 36.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock valued at $50,060,000 after acquiring an additional 464,970 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. lifted its position in Antero Resources by 10.4% in the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on AR. Raymond James boosted their price target on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research note on Thursday, January 23rd. UBS Group boosted their target price on Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a research report on Friday, January 17th. Truist Financial raised their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a report on Monday, January 13th. Benchmark reissued a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. Finally, Mizuho raised their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

Antero Resources Stock Performance

Shares of AR opened at $37.88 on Friday. The business has a 50-day simple moving average of $35.61 and a two-hundred day simple moving average of $30.83. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 52 week low of $20.56 and a 52 week high of $41.53. The stock has a market cap of $11.79 billion, a price-to-earnings ratio of 270.54 and a beta of 3.33.

Antero Resources 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.