Antero Resources Co. (NYSE:AR) Shares Sold by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. cut its stake in shares of Antero Resources Co. (NYSE:AR) by 8.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,606,419 shares of the oil and natural gas company’s stock after selling 140,885 shares during the period. Assenagon Asset Management S.A.’s holdings in Antero Resources were worth $56,305,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. UMB Bank n.a. increased its holdings in Antero Resources by 357.3% in the 3rd quarter. UMB Bank n.a. now owns 878 shares of the oil and natural gas company’s stock valued at $25,000 after purchasing an additional 686 shares during the last quarter. True Wealth Design LLC purchased a new position in Antero Resources in the third quarter valued at $30,000. Capital Performance Advisors LLP acquired a new position in Antero Resources during the 3rd quarter worth $45,000. Mattson Financial Services LLC acquired a new stake in Antero Resources in the 2nd quarter valued at about $64,000. Finally, GAMMA Investing LLC raised its position in Antero Resources by 15.8% in the 4th quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after purchasing an additional 418 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. BMO Capital Markets upped their target price on shares of Antero Resources from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Friday, October 4th. Raymond James increased their price objective on shares of Antero Resources from $34.00 to $44.00 and gave the company a “strong-buy” rating in a research report on Thursday, November 21st. Mizuho boosted their target price on shares of Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. JPMorgan Chase & Co. raised their price target on Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, StockNews.com raised Antero Resources to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $36.35.

Antero Resources Stock Up 4.3 %

Shares of NYSE:AR opened at $40.25 on Thursday. Antero Resources Co. has a 1-year low of $20.56 and a 1-year high of $40.53. 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 stock has a market cap of $12.52 billion, a P/E ratio of 287.50 and a beta of 3.37. The firm has a fifty day moving average price of $32.96 and a 200 day moving average price of $29.91.

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.