Vaughan Nelson Investment Management L.P. Sells 2,685,841 Shares of Antero Resources Co. (NYSE:AR)

Vaughan Nelson Investment Management L.P. lowered its position in Antero Resources Co. (NYSE:AR) by 61.3% in the 4th quarter, HoldingsChannel reports. The fund owned 1,693,008 shares of the oil and natural gas company’s stock after selling 2,685,841 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in Antero Resources were worth $59,340,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources in the fourth quarter worth about $28,000. UMB Bank n.a. raised its holdings in Antero Resources by 357.3% during 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 acquiring an additional 686 shares during the period. Spire Wealth Management purchased a new stake in shares of Antero Resources during the fourth quarter worth $31,000. True Wealth Design LLC bought a new position in shares of Antero Resources in the third quarter worth $30,000. Finally, Wilmington Savings Fund Society FSB grew its position in shares of Antero Resources by 205.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after purchasing an additional 913 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Trading Down 1.1 %

Shares of AR opened at $37.88 on Friday. The company has a quick ratio of 0.28, a current ratio of 0.28 and a debt-to-equity ratio of 0.23. The stock has a market capitalization of $11.79 billion, a P/E ratio of 270.54 and a beta of 3.33. Antero Resources Co. has a twelve month low of $20.56 and a twelve month high of $41.53. The firm has a fifty day simple moving average of $35.61 and a two-hundred day simple moving average of $30.83.

Analyst Upgrades and Downgrades

AR has been the subject of several analyst reports. 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 note on Thursday, January 23rd. Citigroup raised their price target on shares of Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. Raymond James upped their price target on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. StockNews.com upgraded Antero Resources to a “sell” rating in a research note on Thursday, January 16th. Finally, Truist Financial lifted their price target on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research report on Monday, January 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned 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.com, the company presently has a consensus rating of “Moderate Buy” and an average 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.