Van ECK Associates Corp Lowers Stock Holdings in Antero Resources Co. (NYSE:AR)

Van ECK Associates Corp lowered its stake in Antero Resources Co. (NYSE:AR) by 2.3% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 521,070 shares of the oil and natural gas company’s stock after selling 12,400 shares during the quarter. Van ECK Associates Corp’s holdings in Antero Resources were worth $14,038,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Vaughan Nelson Investment Management L.P. grew its stake in shares of Antero Resources by 269.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock worth $129,453,000 after acquiring an additional 2,893,395 shares during the last quarter. Natixis Advisors LLC increased its stake in Antero Resources by 488.7% during the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock valued at $46,624,000 after purchasing an additional 1,186,163 shares in the last quarter. Acadian Asset Management LLC raised its holdings in Antero Resources by 7,781.2% in the second quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock worth $31,113,000 after buying an additional 941,756 shares during the last quarter. William Blair Investment Management LLC purchased a new position in Antero Resources in the first quarter worth about $25,288,000. Finally, Castle Hook Partners LP lifted its stake in shares of Antero Resources by 160.3% in the first quarter. Castle Hook Partners LP now owns 1,226,758 shares of the oil and natural gas company’s stock worth $35,576,000 after buying an additional 755,439 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

AR has been the topic of several analyst reports. Roth Capital raised Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. StockNews.com raised Antero Resources to a “sell” rating in a report on Friday, November 1st. Morgan Stanley decreased their target price on Antero Resources from $39.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, September 16th. Scotiabank upgraded shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price target for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Finally, The Goldman Sachs Group decreased their price objective on shares of Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a report on Friday, September 6th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $32.83.

Antero Resources Stock Performance

Shares of AR opened at $26.69 on Wednesday. The business has a 50-day simple moving average of $27.36 and a two-hundred day simple moving average of $30.18. 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 $20.10 and a 52 week high of $36.28. The stock has a market cap of $8.30 billion, a price-to-earnings ratio of 190.64 and a beta of 3.36.

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.