Goodman Financial Corp Has $14.44 Million Stock Holdings in Antero Resources Co. (NYSE:AR)

Goodman Financial Corp boosted its stake in Antero Resources Co. (NYSE:AR) by 2.4% during the third quarter, Holdings Channel reports. The institutional investor owned 503,919 shares of the oil and natural gas company’s stock after buying an additional 11,910 shares during the period. Antero Resources comprises approximately 3.2% of Goodman Financial Corp’s investment portfolio, making the stock its 11th biggest position. Goodman Financial Corp’s holdings in Antero Resources were worth $14,437,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Diversified Trust Co bought a new position in Antero Resources during the 2nd quarter worth $1,154,000. Vaughan Nelson Investment Management L.P. grew its stake in shares of 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 acquiring an additional 2,893,395 shares in the last quarter. Massachusetts Financial Services Co. MA increased its position in Antero Resources by 4.8% during 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. Driehaus Capital Management LLC acquired a new stake in Antero Resources in the 2nd quarter worth about $17,307,000. Finally, Connor Clark & Lunn Investment Management Ltd. boosted its holdings in Antero Resources by 85.1% in the 3rd quarter. Connor Clark & Lunn Investment Management Ltd. now owns 167,882 shares of the oil and natural gas company’s stock valued at $4,810,000 after purchasing an additional 77,193 shares during the period. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Up 0.4 %

Shares of AR opened at $33.23 on Tuesday. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources Co. has a 52 week low of $20.10 and a 52 week high of $36.28. The stock has a market capitalization of $10.34 billion, a price-to-earnings ratio of 237.36 and a beta of 3.36. The stock has a fifty day moving average of $28.81 and a 200-day moving average of $29.99.

Analyst Ratings Changes

AR has been the topic of several recent research reports. Barclays lowered their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Raymond James raised their price objective on Antero Resources from $34.00 to $44.00 and gave the stock a “strong-buy” rating in a research note on Thursday, November 21st. The Goldman Sachs Group cut their target price on Antero Resources from $36.00 to $32.00 and set a “buy” rating for the company in a research report on Friday, September 6th. Truist Financial decreased their price target on Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a research report on Monday, September 30th. Finally, Roth Capital raised shares of Antero Resources to a “strong-buy” rating in a research report on Tuesday, August 27th. Two analysts have rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $33.50.

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.