The Manufacturers Life Insurance Company Sells 19,922 Shares of Antero Resources Corporation $AR

The Manufacturers Life Insurance Company trimmed its holdings in shares of Antero Resources Corporation (NYSE:AR) by 7.0% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 266,267 shares of the oil and natural gas company’s stock after selling 19,922 shares during the quarter. The Manufacturers Life Insurance Company owned 0.09% of Antero Resources worth $11,300,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Sunbelt Securities Inc. bought a new position in Antero Resources in the 3rd quarter valued at $30,000. IFP Advisors Inc boosted its holdings in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after buying an additional 345 shares during the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Antero Resources in the 4th quarter worth about $41,000. Hilton Head Capital Partners LLC bought a new position in Antero Resources during the fourth quarter valued at about $44,000. Finally, SBI Okasan Asset Management Co.Ltd. bought a new position in Antero Resources during the fourth quarter valued at about $45,000. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Stock Up 0.9%

Shares of NYSE AR opened at $36.46 on Tuesday. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.29. The company has a market cap of $11.21 billion, a P/E ratio of 10.48 and a beta of 0.33. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The business has a 50-day simple moving average of $34.81 and a two-hundred day simple moving average of $36.46.

Analyst Upgrades and Downgrades

Several analysts have commented on the stock. Morgan Stanley lowered their price objective on shares of Antero Resources from $56.00 to $48.00 and set an “overweight” rating on the stock in a research report on Monday, June 29th. Truist Financial reduced their target price on shares of Antero Resources from $56.00 to $52.00 and set a “buy” rating for the company in a research report on Thursday, July 9th. JPMorgan Chase & Co. lowered their price target on shares of Antero Resources from $49.00 to $45.00 and set a “neutral” rating on the stock in a report on Wednesday, July 8th. Zacks Research downgraded Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, The Goldman Sachs Group reduced their price objective on Antero Resources from $46.00 to $41.00 and set a “buy” rating for the company in a report on Tuesday, June 30th. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and an average target price of $48.53.

Antero Resources Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.