Miller Howard Investments Inc. NY Sells 6,357 Shares of Antero Resources Co. (NYSE:AR)

Miller Howard Investments Inc. NY lessened its stake in Antero Resources Co. (NYSE:AR) by 4.3% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 140,232 shares of the oil and natural gas company’s stock after selling 6,357 shares during the quarter. Miller Howard Investments Inc. NY’s holdings in Antero Resources were worth $4,915,000 as of its most recent SEC filing.

Other hedge funds have also recently added to or reduced their stakes in the company. Caprock Group LLC grew its position in shares of Antero Resources by 0.6% during the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company’s stock worth $2,047,000 after buying an additional 374 shares during the period. GAMMA Investing LLC grew its holdings in Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company’s stock valued at $107,000 after purchasing an additional 418 shares during the period. Icon Wealth Advisors LLC grew its holdings in Antero Resources by 5.8% during the third quarter. Icon Wealth Advisors LLC now owns 8,459 shares of the oil and natural gas company’s stock valued at $242,000 after purchasing an additional 460 shares during the period. Chickasaw Capital Management LLC raised its holdings in Antero Resources by 5.5% in the third quarter. Chickasaw Capital Management LLC now owns 9,540 shares of the oil and natural gas company’s stock worth $273,000 after purchasing an additional 500 shares during the period. Finally, Blue Trust Inc. boosted its position 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 worth $186,000 after purchasing an additional 521 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Price Performance

Shares of AR opened at $37.88 on Friday. The company has a market cap of $11.79 billion, a price-to-earnings ratio of 270.54 and a beta of 3.33. 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 company’s fifty day simple moving average is $35.61 and its 200 day simple moving average is $30.83. Antero Resources Co. has a 1-year low of $20.56 and a 1-year high of $41.53.

Wall Street Analyst Weigh In

AR has been the topic of several research analyst reports. StockNews.com raised Antero Resources to a “sell” rating in a research note on Thursday, January 16th. Truist Financial raised their price target on Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research report on Monday, January 13th. Mizuho boosted their price objective on Antero Resources from $35.00 to $40.00 and gave the company a “neutral” rating in a research report on Monday, December 16th. Barclays raised their target price on shares of Antero Resources from $30.00 to $36.00 and gave the stock an “equal weight” rating in a report on Thursday, January 30th. Finally, Benchmark reiterated 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 given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Antero Resources presently has a consensus rating of “Moderate Buy” and an average price target 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.