Antero Resources Co. (NYSE:AR) Stock Holdings Lowered by MADDEN SECURITIES Corp

MADDEN SECURITIES Corp trimmed its holdings in shares of Antero Resources Co. (NYSE:AR) by 29.0% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 104,600 shares of the oil and natural gas company’s stock after selling 42,745 shares during the period. Antero Resources comprises approximately 1.5% of MADDEN SECURITIES Corp’s investment portfolio, making the stock its 19th biggest position. MADDEN SECURITIES Corp’s holdings in Antero Resources were worth $3,666,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in 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 valued at $337,000 after acquiring an additional 1,549 shares during the last quarter. Kestra Private Wealth Services LLC acquired a new stake in shares of Antero Resources during the fourth quarter worth $447,000. Entropy Technologies LP purchased a new stake in shares of Antero Resources during the fourth quarter valued at $1,917,000. Empowered Funds LLC boosted its position in shares of Antero Resources by 1.6% in the 4th quarter. Empowered Funds LLC now owns 91,630 shares of the oil and natural gas company’s stock valued at $3,212,000 after purchasing an additional 1,445 shares during the period. Finally, Wilmington Savings Fund Society FSB increased its stake in Antero Resources by 205.2% in the 4th 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.

Analysts Set New Price Targets

A number of research firms have commented on AR. Barclays upped their price objective on shares of Antero Resources from $30.00 to $36.00 and gave the company an “equal weight” rating in a research note on Thursday, January 30th. JPMorgan Chase & Co. upped their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research report on Tuesday, January 14th. Truist Financial lifted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group increased their target price on Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a report on Thursday, January 23rd. Finally, Benchmark reiterated a “hold” rating on shares of Antero Resources in a report on Friday, January 17th. One research 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. According to MarketBeat.com, Antero Resources has an average rating of “Moderate Buy” and an average target price of $39.00.

Antero Resources Trading Up 5.7 %

NYSE:AR opened at $40.02 on Tuesday. The company has a market capitalization of $12.45 billion, a P/E ratio of 285.86 and a beta of 3.33. The stock’s 50 day moving average price is $35.78 and its 200 day moving average price is $30.91. The company has a debt-to-equity ratio of 0.23, a quick ratio of 0.28 and a current ratio of 0.28. Antero Resources Co. has a 52 week low of $20.56 and a 52 week high of $41.53.

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.