Quent Capital LLC Has $145,000 Stock Holdings in Antero Resources Co. (NYSE:AR)

Quent Capital LLC trimmed its stake in shares of Antero Resources Co. (NYSE:AR) by 14.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,135 shares of the oil and natural gas company’s stock after selling 720 shares during the quarter. Quent Capital LLC’s holdings in Antero Resources were worth $145,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in AR. HITE Hedge Asset Management LLC increased its position in Antero Resources by 537.2% during the 3rd quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock worth $27,352,000 after purchasing an additional 804,851 shares in the last quarter. Wellington Management Group LLP increased its position in Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after purchasing an additional 675,053 shares in the last quarter. Kailix Advisors LLC acquired a new position in Antero Resources during the 3rd quarter worth approximately $17,327,000. Assenagon Asset Management S.A. increased its position in Antero Resources by 36.3% in the 3rd quarter. Assenagon Asset Management S.A. now owns 1,747,304 shares of the oil and natural gas company’s stock valued at $50,060,000 after acquiring an additional 464,970 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its position in Antero Resources by 10.4% in the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after acquiring an additional 411,549 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Down 1.7 %

Shares of NYSE AR opened at $39.35 on Thursday. The firm has a market cap of $12.24 billion, a PE ratio of 281.07 and a beta of 3.33. Antero Resources Co. has a 12-month low of $20.56 and a 12-month high of $41.53. The company’s fifty day simple moving average is $36.09 and its 200 day simple moving average is $31.04. 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 (NYSE:AR) last issued its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.40 by $0.14. Antero Resources had a net margin of 1.03% and a negative return on equity of 0.59%. As a group, sell-side analysts forecast that Antero Resources Co. will post -0.11 earnings per share for the current fiscal year.

Analyst Ratings Changes

AR has been the subject of several recent research reports. Truist Financial upped their price target on shares of Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Mizuho upped their price target on shares of Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Benchmark restated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price target for the company from $24.00 to $32.00 in a research report on Tuesday, December 17th. Finally, Bank of America assumed coverage on shares of Antero Resources in a research report on Monday, October 28th. They issued a “buy” rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $39.00.

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.