BlackRock Inc. Has $378.46 Million Stock Position in Antero Resources Co. (NYSE:AR)

Posted by on Mar 10th, 2023

BlackRock Inc. lessened its position in Antero Resources Co. (NYSE:AR – Get Rating) by 4.9% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 12,396,335 shares of the oil and natural gas company’s stock after selling 635,986 shares during the period. BlackRock Inc. owned approximately 4.13% of Antero Resources worth $378,459,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in AR. PointState Capital LP bought a new stake in shares of Antero Resources in the first quarter valued at $126,793,000. Goldman Sachs Group Inc. grew its position in shares of Antero Resources by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company’s stock valued at $193,043,000 after purchasing an additional 2,517,137 shares in the last quarter. Renaissance Technologies LLC grew its position in shares of Antero Resources by 266.7% in the first quarter. Renaissance Technologies LLC now owns 2,450,300 shares of the oil and natural gas company’s stock valued at $74,808,000 after purchasing an additional 1,782,100 shares in the last quarter. Eagle Asset Management Inc. grew its position in shares of Antero Resources by 494.3% in the second quarter. Eagle Asset Management Inc. now owns 1,918,142 shares of the oil and natural gas company’s stock valued at $58,791,000 after purchasing an additional 1,595,408 shares in the last quarter. Finally, Castle Hook Partners LP grew its position in shares of Antero Resources by 149.1% in the third quarter. Castle Hook Partners LP now owns 1,734,791 shares of the oil and natural gas company’s stock valued at $52,963,000 after purchasing an additional 1,038,427 shares in the last quarter. Institutional investors and hedge funds own 77.78% of the company’s stock.

Antero Resources Stock Performance

Antero Resources stock opened at $24.23 on Friday. The company has a quick ratio of 0.44, a current ratio of 0.44 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $7.15 billion, a P/E ratio of 4.16 and a beta of 3.48. The stock’s 50 day moving average is $27.86 and its 200 day moving average is $32.94. Antero Resources Co. has a twelve month low of $24.08 and a twelve month high of $48.80.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on the company. Tudor, Pickering, Holt & Co. cut Antero Resources from a “buy” rating to a “hold” rating in a research report on Wednesday, November 30th. TheStreet cut Antero Resources from a “b-” rating to a “c” rating in a research report on Wednesday, February 15th. Morgan Stanley reduced their target price on Antero Resources from $34.00 to $29.00 and set an “equal weight” rating for the company in a research report on Tuesday, January 24th. The Goldman Sachs Group cut their price objective on Antero Resources from $45.00 to $39.00 and set a “buy” rating for the company in a report on Wednesday, January 25th. Finally, TD Securities cut their price objective on Antero Resources from $50.00 to $46.00 and set a “buy” rating for the company in a report on Thursday, February 16th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and a consensus target price of $42.20.

Antero Resources Profile

(Get Rating)

Antero Resources Corp. is an independent oil and natural gas company, which engages in the development, production, exploration and acquisition of natural gas. It operates through the Exploration and Production, Marketing, and Equity Method Investment in Antero Midstream Corporation. The Exploration and Production segment develops natural gas, NGLs and oil.

Featured Articles

Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Co. (NYSE:AR – Get Rating).

Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

Receive News & Ratings for Antero Resources Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Antero Resources and related companies with MarketBeat.com's FREE daily email newsletter.