SeaBridge Investment Advisors LLC Purchases 13,302 Shares of Antero Resources Co. (NYSE:AR)

SeaBridge Investment Advisors LLC boosted its position in shares of Antero Resources Co. (NYSE:AR) by 30.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,608 shares of the oil and natural gas company’s stock after acquiring an additional 13,302 shares during the period. SeaBridge Investment Advisors LLC’s holdings in Antero Resources were worth $2,019,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. HITE Hedge Asset Management LLC lifted its position in Antero Resources by 537.2% during the third quarter. HITE Hedge Asset Management LLC now owns 954,685 shares of the oil and natural gas company’s stock valued at $27,352,000 after purchasing an additional 804,851 shares during the last quarter. Wellington Management Group LLP lifted its holdings in shares of Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after acquiring an additional 675,053 shares during the last quarter. Kailix Advisors LLC purchased a new position in Antero Resources in the third quarter worth $17,327,000. Assenagon Asset Management S.A. increased its stake in 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 acquiring an additional 464,970 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in Antero Resources by 10.4% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 4,378,849 shares of the oil and natural gas company’s stock valued at $125,452,000 after purchasing an additional 411,549 shares in the last quarter. Institutional investors own 83.04% of the company’s stock.

Antero Resources Price Performance

AR opened at $37.21 on Friday. The stock’s 50 day moving average price is $35.04 and its 200-day moving average price is $30.54. Antero Resources Co. has a 52-week low of $20.56 and a 52-week high of $41.53. The stock has a market capitalization of $11.58 billion, a PE ratio of 265.80 and a beta of 3.37. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28.

Analysts Set New Price Targets

Several equities analysts have recently commented on the company. Citigroup increased their price objective on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Thursday, January 16th. Mizuho boosted their price objective on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a report on Monday, December 16th. JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a report on Tuesday, January 14th. Finally, Benchmark reissued a “hold” rating on shares of Antero Resources in a research note on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, eight have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $39.00.

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.