1,048,632 Shares in Antero Resources Corporation $AR Acquired by Freestone Grove Partners LP

Freestone Grove Partners LP purchased a new stake in Antero Resources Corporation (NYSE:AR) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,048,632 shares of the oil and natural gas company’s stock, valued at approximately $36,849,000.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. BlackRock Inc. bought a new position in Antero Resources during the 2nd quarter worth $966,982,000. Bank of New York Mellon Corp bought a new stake in shares of Antero Resources in the second quarter valued at about $106,063,000. Diamond Hill Capital Management LLC Investment Advisor bought a new stake in shares of Antero Resources in the second quarter valued at about $100,212,000. Assenagon Asset Management S.A. grew its stake in shares of Antero Resources by 177.4% in the first quarter. Assenagon Asset Management S.A. now owns 3,611,248 shares of the oil and natural gas company’s stock valued at $153,261,000 after acquiring an additional 2,309,388 shares in the last quarter. Finally, Canada Pension Plan Investment Board acquired a new position in shares of Antero Resources in the second quarter valued at about $78,177,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Up 1.6%

Shares of NYSE AR opened at $38.54 on Thursday. The stock has a market capitalization of $11.85 billion, a P/E ratio of 11.07 and a beta of 0.34. The stock’s fifty day moving average is $35.33 and its 200 day moving average is $36.82. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40.

Analysts Set New Price Targets

Several analysts have weighed in on the stock. Morgan Stanley reiterated an “overweight” rating and issued a $49.00 price objective on shares of Antero Resources in a research note on Wednesday, August 19th. Texas Capital upgraded shares of Antero Resources to a “strong-buy” rating in a research report on Thursday, June 25th. Zacks Research cut shares of Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Weiss Ratings upgraded shares of Antero Resources from a “hold (c)” rating to a “hold (c+)” rating in a research report on Monday, August 3rd. Finally, Wolfe Research reiterated an “outperform” rating and issued a $48.00 price target on shares of Antero Resources in a research note on Thursday, July 30th. Three investment analysts have rated the stock with a Strong Buy rating, eleven have assigned a Buy rating and six have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.31.

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.