Antero Resources Co. (NYSE:AR) Shares Purchased by Franklin Resources Inc.

Franklin Resources Inc. raised its position in shares of Antero Resources Co. (NYSE:AR) by 40.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 756,128 shares of the oil and natural gas company’s stock after purchasing an additional 218,517 shares during the quarter. Franklin Resources Inc. owned about 0.24% of Antero Resources worth $21,209,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of AR. World Investment Advisors LLC acquired a new position in Antero Resources in the third quarter worth approximately $210,000. Geode Capital Management LLC grew its holdings in shares of Antero Resources by 1.3% in the 3rd quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after acquiring an additional 61,490 shares during the last quarter. M&T Bank Corp raised its position in shares of Antero Resources by 3.2% during the third quarter. M&T Bank Corp now owns 24,155 shares of the oil and natural gas company’s stock worth $692,000 after purchasing an additional 743 shares during the period. Gordian Capital Singapore Pte Ltd purchased a new stake in shares of Antero Resources during the third quarter valued at $430,000. Finally, Wellington Management Group LLP boosted its position in shares of Antero Resources by 4.0% in the 3rd 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 purchasing an additional 675,053 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Trading Up 1.0 %

Shares of AR stock opened at $30.86 on Friday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 1 year low of $20.56 and a 1 year high of $36.28. The firm’s fifty day simple moving average is $30.04 and its 200 day simple moving average is $29.75. The firm has a market capitalization of $9.60 billion, a P/E ratio of 220.43 and a beta of 3.42.

Analyst Ratings Changes

Several research firms have issued reports on AR. Morgan Stanley cut their price objective on Antero Resources from $39.00 to $38.00 and set an “overweight” rating on the stock in a report on Monday, September 16th. Truist Financial reduced their price target on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating for the company in a research report on Monday, September 30th. Barclays decreased their price objective on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating for the company in a research note on Thursday, October 3rd. Bank of America initiated coverage on shares of Antero Resources in a research note on Monday, October 28th. They set a “buy” rating and a $36.00 target price on the stock. Finally, Roth Mkm began coverage on Antero Resources in a research report on Tuesday, August 27th. They issued a “buy” rating and a $32.00 target price for the company. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $34.78.

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.