Vaughan Nelson Investment Management L.P. Acquires 411,549 Shares of Antero Resources Co. (NYSE:AR)

Vaughan Nelson Investment Management L.P. boosted its holdings in shares of Antero Resources Co. (NYSE:AR) by 10.4% in the third quarter, according to its most recent filing with the SEC. The firm owned 4,378,849 shares of the oil and natural gas company’s stock after acquiring an additional 411,549 shares during the period. Antero Resources accounts for 1.1% of Vaughan Nelson Investment Management L.P.’s portfolio, making the stock its 29th largest position. Vaughan Nelson Investment Management L.P. owned 1.41% of Antero Resources worth $125,452,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in AR. Vanguard Group Inc. raised its holdings in shares of Antero Resources by 1.3% during the first quarter. Vanguard Group Inc. now owns 28,066,610 shares of the oil and natural gas company’s stock worth $813,932,000 after acquiring an additional 372,450 shares during the period. Merewether Investment Management LP increased its holdings in Antero Resources by 4.6% during the 2nd quarter. Merewether Investment Management LP now owns 2,943,948 shares of the oil and natural gas company’s stock worth $96,061,000 after purchasing an additional 128,200 shares in the last quarter. Massachusetts Financial Services Co. MA raised its stake in shares of Antero Resources by 17.6% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 2,541,813 shares of the oil and natural gas company’s stock valued at $82,939,000 after purchasing an additional 381,310 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Antero Resources by 36.3% in the third 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 purchasing an additional 464,970 shares in the last quarter. Finally, Natixis Advisors LLC boosted its position in shares of Antero Resources by 6.2% during the third quarter. Natixis Advisors LLC now owns 1,516,963 shares of the oil and natural gas company’s stock worth $43,461,000 after buying an additional 88,099 shares during the period. Institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Up 0.3 %

Shares of AR opened at $30.49 on Friday. The stock’s 50-day moving average price is $28.01 and its two-hundred day moving average price is $30.05. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The company has a market capitalization of $9.49 billion, a PE ratio of 217.79 and a beta of 3.36. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on the stock. JPMorgan Chase & Co. cut their price objective on shares of Antero Resources from $37.00 to $30.00 and set an “overweight” rating on the stock in a research report on Thursday, September 12th. Wolfe Research upgraded shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price objective for the company in a research note on Wednesday, September 11th. UBS Group lowered their target price on Antero Resources from $33.00 to $31.00 and set a “neutral” rating on the stock in a research report on Monday, November 4th. Citigroup initiated coverage on Antero Resources in a research note on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price target for the company. Finally, Mizuho dropped their price objective on Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $32.83.

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.