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

Vaughan Nelson Investment Management L.P. lifted its stake in shares of Antero Resources Co. (NYSE:AR) by 10.4% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,378,849 shares of the oil and natural gas company’s stock after buying an additional 411,549 shares during the period. Antero Resources accounts for about 1.1% of Vaughan Nelson Investment Management L.P.’s investment portfolio, making the stock its 29th biggest holding. Vaughan Nelson Investment Management L.P.’s holdings in Antero Resources were worth $125,452,000 at the end of the most recent quarter.

A number of other institutional investors also recently modified their holdings of AR. UMB Bank n.a. increased its holdings in shares of 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 valued at $25,000 after acquiring an additional 686 shares in the last quarter. Allspring Global Investments Holdings LLC raised its holdings in Antero Resources by 1,311.8% during the first quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock worth $28,000 after buying an additional 892 shares during the last quarter. Capital Performance Advisors LLP acquired a new position in Antero Resources during the third quarter worth $45,000. Mattson Financial Services LLC bought a new position in shares of Antero Resources in the second quarter valued at $64,000. Finally, GAMMA Investing LLC grew its holdings in shares of Antero Resources by 27.8% during 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 buying an additional 655 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the stock. Scotiabank raised shares of Antero Resources from a “sector perform” rating to a “sector outperform” rating and raised their price target for the company from $40.00 to $44.00 in a research report on Tuesday, August 20th. BMO Capital Markets lifted their target price on Antero Resources from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Friday, October 4th. UBS Group lowered their target price on shares of Antero Resources from $33.00 to $31.00 and set a “neutral” rating for the company in a report on Monday, November 4th. Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Finally, Roth Mkm began coverage on shares of Antero Resources in a research report on Tuesday, August 27th. They set a “buy” rating and a $32.00 target price on the stock. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $32.83.

Antero Resources Stock Up 0.3 %

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

Antero Resources 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.