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

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

Several other institutional investors and hedge funds have also added to or reduced their stakes in AR. Caprock Group LLC lifted its holdings in shares of Antero Resources by 0.6% during the fourth quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock valued at $2,047,000 after purchasing an additional 374 shares during the last quarter. Mariner Investment Group LLC raised its stake in Antero Resources by 100.0% during the fourth quarter. Mariner Investment Group LLC now owns 30,000 shares of the oil and natural gas company’s stock valued at $1,052,000 after buying an additional 15,000 shares during the last quarter. KBC Group NV boosted its holdings in Antero Resources by 59.8% in the fourth quarter. KBC Group NV now owns 12,925 shares of the oil and natural gas company’s stock worth $453,000 after acquiring an additional 4,839 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in shares of Antero Resources in the fourth quarter worth $876,000. Finally, Blue Trust Inc. increased its holdings in shares of Antero Resources by 10.9% during the fourth quarter. Blue Trust Inc. now owns 5,316 shares of the oil and natural gas company’s stock valued at $186,000 after acquiring an additional 521 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Antero Resources Stock Performance

Shares of NYSE AR opened at $37.21 on Friday. Antero Resources Co. has a 12-month low of $20.56 and a 12-month high of $41.53. The firm has a market capitalization of $11.58 billion, a price-to-earnings ratio of 265.80 and a beta of 3.37. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. The firm has a 50 day moving average of $35.04 and a 200 day moving average of $30.54.

Analyst Ratings Changes

AR has been the topic of a number of analyst reports. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and upped their price target for the stock from $24.00 to $32.00 in a research note on Tuesday, December 17th. 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. The Goldman Sachs Group upped their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. Truist Financial upped their price objective on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. Finally, UBS Group lifted their target price on Antero Resources from $35.00 to $39.00 and gave the stock a “neutral” rating in a report on Friday, January 17th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $39.00.

Antero Resources 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.