1,044 Shares in Antero Resources Co. (NYSE:AR) Acquired by True Wealth Design LLC

True Wealth Design LLC bought a new position in shares of Antero Resources Co. (NYSE:AR) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 1,044 shares of the oil and natural gas company’s stock, valued at approximately $30,000.

Several other large investors have also added to or reduced their stakes in the company. Maverick Capital Ltd. purchased a new position in shares of Antero Resources during the 3rd quarter valued at $1,535,000. PDT Partners LLC raised its holdings in Antero Resources by 2.2% during the third quarter. PDT Partners LLC now owns 141,884 shares of the oil and natural gas company’s stock valued at $4,065,000 after acquiring an additional 3,084 shares during the period. Captrust Financial Advisors lifted its position in shares of Antero Resources by 17.5% in the third quarter. Captrust Financial Advisors now owns 20,327 shares of the oil and natural gas company’s stock valued at $582,000 after acquiring an additional 3,022 shares in the last quarter. Icon Wealth Advisors LLC boosted its stake in shares of Antero Resources by 5.8% in the third quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock worth $242,000 after acquiring an additional 460 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its position in shares of Antero Resources by 1.9% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 63,622 shares of the oil and natural gas company’s stock worth $1,823,000 after purchasing an additional 1,216 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Analyst Ratings Changes

AR has been the topic of a number of research analyst reports. The Goldman Sachs Group lowered their price target on Antero Resources from $36.00 to $32.00 and set a “buy” rating on the stock in a report on Friday, September 6th. Wolfe Research raised shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price on the stock in a report on Wednesday, September 11th. StockNews.com raised shares of Antero Resources to a “sell” rating in a research note on Friday, November 1st. JPMorgan Chase & Co. decreased their price target on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research note on Thursday, September 12th. Finally, Citigroup assumed coverage on Antero Resources in a research report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price objective for the company. Two equities research analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $33.50.

Antero Resources Stock Up 0.6 %

Shares of AR opened at $32.69 on Monday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The business has a fifty day moving average of $29.27 and a 200 day moving average of $29.99. The company has a market cap of $10.17 billion, a PE ratio of 233.50 and a beta of 3.36. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28.

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.