Vaughan Nelson Investment Management L.P. Has $59.34 Million Position in Antero Resources Co. (NYSE:AR)

Vaughan Nelson Investment Management L.P. trimmed its stake in shares of Antero Resources Co. (NYSE:AR) by 61.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,693,008 shares of the oil and natural gas company’s stock after selling 2,685,841 shares during the quarter. Vaughan Nelson Investment Management L.P. owned approximately 0.54% of Antero Resources worth $59,340,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the stock. Wellington Management Group LLP increased its holdings in shares of Antero Resources by 4.0% during the third 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 buying an additional 675,053 shares in the last quarter. Geode Capital Management LLC raised its position in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after purchasing an additional 61,490 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in shares of 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 valued at $76,342,000 after purchasing an additional 122,815 shares in the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Antero Resources by 1.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,929,424 shares of the oil and natural gas company’s stock worth $55,278,000 after purchasing an additional 27,617 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its stake in shares of 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 buying an additional 464,970 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Stock Performance

NYSE AR opened at $37.88 on Friday. Antero Resources Co. has a 1 year low of $20.56 and a 1 year high of $41.53. The company has a fifty day moving average price of $35.61 and a 200-day moving average price of $30.83. The company has a debt-to-equity ratio of 0.23, a current ratio of 0.28 and a quick ratio of 0.28. The firm has a market cap of $11.79 billion, a price-to-earnings ratio of 270.54 and a beta of 3.33.

Analyst Ratings Changes

Several equities research analysts recently commented on AR shares. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. The Goldman Sachs Group raised their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Raymond James upped their price target on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. UBS Group lifted their price objective on Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a research note on Friday, January 17th. Finally, Bank of America initiated coverage on shares of Antero Resources in a report on Monday, October 28th. They set a “buy” rating and a $36.00 price target for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and a consensus target price 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.