Independent Advisor Alliance Purchases 11,652 Shares of Antero Resources Co. (NYSE:AR)

Independent Advisor Alliance grew its position in shares of Antero Resources Co. (NYSE:AR) by 41.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,907 shares of the oil and natural gas company’s stock after acquiring an additional 11,652 shares during the quarter. Independent Advisor Alliance’s holdings in Antero Resources were worth $1,143,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Chickasaw Capital Management LLC lifted its position in Antero Resources by 5.5% in the 3rd quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock valued at $273,000 after acquiring an additional 500 shares in the last quarter. Confluence Investment Management LLC raised its stake in shares of Antero Resources by 3.4% in the second quarter. Confluence Investment Management LLC now owns 18,499 shares of the oil and natural gas company’s stock worth $604,000 after purchasing an additional 616 shares during the last quarter. GAMMA Investing LLC lifted its holdings in shares of Antero Resources by 27.8% in the second quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after purchasing an additional 655 shares in the last quarter. Wedmont Private Capital boosted its position in shares of Antero Resources by 4.2% during the third quarter. Wedmont Private Capital now owns 16,906 shares of the oil and natural gas company’s stock valued at $505,000 after buying an additional 681 shares during the last quarter. Finally, UMB Bank n.a. grew its holdings in Antero Resources by 357.3% during the third quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock worth $25,000 after buying an additional 686 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Shares of AR opened at $33.09 on Wednesday. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The stock’s 50-day simple moving average is $28.81 and its 200 day simple moving average is $29.99. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. The stock has a market capitalization of $10.30 billion, a price-to-earnings ratio of 237.00 and a beta of 3.36.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. Truist Financial cut their price objective on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Wells Fargo & Company cut their price target on shares of Antero Resources from $25.00 to $24.00 and set an “underweight” rating on the stock in a report on Friday, October 18th. BMO Capital Markets lifted their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Friday, October 4th. Scotiabank upgraded Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their target price for the stock from $40.00 to $44.00 in a research note on Tuesday, August 20th. Finally, Citigroup assumed coverage on Antero Resources in a research report on Tuesday, September 17th. They set a “neutral” rating and a $29.00 price target for the company. Two research analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $33.50.

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.