Independent Advisor Alliance Has $1.14 Million Stock Holdings in Antero Resources Co. (NYSE:AR)

Independent Advisor Alliance raised its stake in Antero Resources Co. (NYSE:AR) by 41.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 39,907 shares of the oil and natural gas company’s stock after buying an additional 11,652 shares during the period. Independent Advisor Alliance’s holdings in Antero Resources were worth $1,143,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in AR. UMB Bank n.a. lifted its stake in shares of Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after acquiring an additional 686 shares during the last quarter. Capital Performance Advisors LLP bought a new position in Antero Resources in the third quarter valued at about $45,000. Mattson Financial Services LLC bought a new position in Antero Resources in the second quarter valued at about $64,000. GAMMA Investing LLC boosted its stake in shares of Antero Resources by 27.8% during the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares in the last quarter. Finally, Signaturefd LLC grew its holdings in shares of Antero Resources by 19.9% during the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock worth $121,000 after purchasing an additional 702 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Ratings Changes

AR has been the topic of several recent research reports. BMO Capital Markets lifted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Mizuho dropped their price target on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating for the company in a research note on Monday, September 16th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Friday, November 1st. Truist Financial lowered their target price on Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Finally, Bank of America began coverage on Antero Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $36.00 price target on the stock. Two analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $33.50.

Antero Resources Stock Performance

NYSE:AR opened at $33.09 on Wednesday. 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 twelve month low of $20.10 and a twelve month high of $36.28. The company has a fifty day moving average of $28.81 and a 200-day moving average of $29.99. The firm has a market capitalization of $10.30 billion, a P/E ratio of 237.00 and a beta of 3.36.

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.