Retirement Systems of Alabama Sells 5,464 Shares of Antero Resources Co. (NYSE:AR)

Retirement Systems of Alabama decreased its position in Antero Resources Co. (NYSE:AR) by 1.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 355,130 shares of the oil and natural gas company’s stock after selling 5,464 shares during the period. Retirement Systems of Alabama owned about 0.11% of Antero Resources worth $10,174,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Wellington Management Group LLP boosted its holdings in shares of Antero Resources by 4.0% during the third 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 during the period. Geode Capital Management LLC grew its position 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 buying an additional 61,490 shares during the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Antero Resources by 10.4% during the third 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 buying an additional 411,549 shares during the period. Merewether Investment Management LP raised its holdings in shares of Antero Resources by 4.6% during the second quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock valued at $96,061,000 after acquiring an additional 128,200 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its stake in Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock worth $76,342,000 after acquiring an additional 122,815 shares during the period. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have commented on AR. Wells Fargo & Company lowered their price objective on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating for the company in a report on Friday, October 18th. Wolfe Research upgraded shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target for the company in a research note on Wednesday, September 11th. Raymond James boosted their price objective on shares of Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. Barclays decreased their target price 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. Finally, Mizuho boosted their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research report on Monday. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and a consensus target price of $34.33.

Antero Resources Trading Down 2.5 %

NYSE:AR opened at $31.57 on Tuesday. The company has a market cap of $9.82 billion, a PE ratio of 225.50 and a beta of 3.42. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The company has a 50 day simple moving average of $29.92 and a two-hundred day simple moving average of $29.77. Antero Resources Co. has a 12 month low of $20.56 and a 12 month high of $36.28.

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.