Salzhauer Michael Reduces Position in Antero Resources Co. (NYSE:AR)

Salzhauer Michael reduced its position in shares of Antero Resources Co. (NYSE:AR) by 21.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 26,000 shares of the oil and natural gas company’s stock after selling 7,000 shares during the period. Salzhauer Michael’s holdings in Antero Resources were worth $911,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of the company. Savant Capital LLC lifted its position in shares of Antero Resources by 19.2% during the 4th quarter. Savant Capital LLC now owns 9,621 shares of the oil and natural gas company’s stock worth $337,000 after buying an additional 1,549 shares during the last quarter. Kestra Private Wealth Services LLC purchased a new stake in Antero Resources in the fourth quarter valued at $447,000. Entropy Technologies LP acquired a new position in Antero Resources in the fourth quarter valued at $1,917,000. Empowered Funds LLC grew its holdings in shares of Antero Resources by 1.6% during the fourth quarter. Empowered Funds LLC now owns 91,630 shares of the oil and natural gas company’s stock worth $3,212,000 after purchasing an additional 1,445 shares during the last quarter. Finally, Wilmington Savings Fund Society FSB increased its position in shares of Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after purchasing an additional 913 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have weighed in on AR shares. JPMorgan Chase & Co. boosted their price objective on Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Mizuho increased their price target 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. Bank of America began coverage on shares of Antero Resources in a research report on Monday, October 28th. They set a “buy” rating and a $36.00 price objective on the stock. Citigroup upped their target price 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. Finally, Benchmark reissued a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.00.

Antero Resources Stock Down 1.1 %

AR stock opened at $37.88 on Monday. The company has a 50 day moving average price of $35.61 and a two-hundred day moving average price of $30.84. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. 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 one year low of $20.56 and a one year high of $41.53.

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.