Antero Resources Co. (NYSE:AR) Holdings Decreased by Spirit of America Management Corp NY

Spirit of America Management Corp NY decreased its holdings in shares of Antero Resources Co. (NYSE:AR) by 6.1% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,500 shares of the oil and natural gas company’s stock after selling 1,000 shares during the quarter. Spirit of America Management Corp NY’s holdings in Antero Resources were worth $543,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of AR. UMB Bank n.a. boosted its position in Antero Resources by 357.3% during the third 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. Pinnacle Bancorp Inc. acquired a new stake in Antero Resources during the fourth quarter valued at $28,000. True Wealth Design LLC bought a new position in Antero Resources during the third quarter valued at about $30,000. Spire Wealth Management bought a new position in Antero Resources during the fourth quarter valued at about $31,000. Finally, Capital Performance Advisors LLP bought a new position in Antero Resources during the third quarter valued at about $45,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Wall Street Analyst Weigh In

AR has been the topic of several research analyst reports. Citigroup raised their price target on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. StockNews.com raised Antero Resources to a “sell” rating in a research report on Thursday, January 16th. Raymond James raised their price target on Antero Resources from $44.00 to $60.00 and gave the company a “strong-buy” rating in a research report on Thursday, January 23rd. Truist Financial raised 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. Finally, Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and an average price target of $39.00.

Antero Resources Price Performance

Shares of AR opened at $38.70 on Wednesday. The company has a current ratio of 0.28, a quick ratio of 0.28 and a debt-to-equity ratio of 0.23. Antero Resources Co. has a 1 year low of $20.56 and a 1 year high of $41.53. The stock has a market cap of $12.04 billion, a P/E ratio of 276.39 and a beta of 3.33. The stock’s 50-day moving average price is $35.25 and its two-hundred day moving average price is $30.66.

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.