Goodman Financial Corp Acquires 11,910 Shares of Antero Resources Co. (NYSE:AR)

Goodman Financial Corp lifted its stake in Antero Resources Co. (NYSE:AR) by 2.4% during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 503,919 shares of the oil and natural gas company’s stock after purchasing an additional 11,910 shares during the period. Antero Resources accounts for approximately 3.2% of Goodman Financial Corp’s holdings, making the stock its 11th largest holding. Goodman Financial Corp owned about 0.16% of Antero Resources worth $14,437,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the stock. Vaughan Nelson Investment Management L.P. increased its stake in Antero Resources by 269.4% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 3,967,300 shares of the oil and natural gas company’s stock valued at $129,453,000 after purchasing an additional 2,893,395 shares in the last quarter. Natixis Advisors LLC increased its position in shares of Antero Resources by 488.7% in the 2nd quarter. Natixis Advisors LLC now owns 1,428,864 shares of the oil and natural gas company’s stock valued at $46,624,000 after buying an additional 1,186,163 shares in the last quarter. Acadian Asset Management LLC raised its stake in Antero Resources by 7,781.2% during the 2nd quarter. Acadian Asset Management LLC now owns 953,859 shares of the oil and natural gas company’s stock worth $31,113,000 after buying an additional 941,756 shares during the period. Kailix Advisors LLC bought a new position in Antero Resources during the third quarter worth about $17,327,000. Finally, Driehaus Capital Management LLC acquired a new position in Antero Resources in the second quarter valued at about $17,307,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Price Performance

Shares of AR opened at $33.23 on Tuesday. The company has a market cap of $10.34 billion, a price-to-earnings ratio of 237.36 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. The company’s fifty day simple moving average is $28.81 and its 200 day simple moving average is $29.99. Antero Resources Co. has a 1-year low of $20.10 and a 1-year high of $36.28.

Analysts Set New Price Targets

A number of research firms have recently commented on AR. Scotiabank upgraded Antero Resources from a “sector perform” rating to a “sector outperform” rating and lifted their price objective for the company from $40.00 to $44.00 in a report on Tuesday, August 20th. Mizuho cut their price target on shares of Antero Resources from $37.00 to $35.00 and set a “neutral” rating on the stock in a research note on Monday, September 16th. Roth Mkm started coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They set a “buy” rating and a $32.00 price objective for the company. Citigroup initiated coverage on shares of Antero Resources in a research report on Tuesday, September 17th. They issued a “neutral” rating and a $29.00 price objective on the stock. Finally, Wolfe Research upgraded Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 target price for the company in a report on Wednesday, September 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources has an average rating of “Moderate Buy” and an average price target of $33.50.

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.