Bank of New York Mellon Corp raised its stake in Antero Resources Corporation (NYSE:AR) by 27.3% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 970,883 shares of the oil and natural gas company’s stock after acquiring an additional 208,230 shares during the period. Bank of New York Mellon Corp owned approximately 0.31% of Antero Resources Corporation worth $20,981,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Nomura Asset Management Co. Ltd. raised its holdings in Antero Resources Corporation by 0.8% in the 1st quarter. Nomura Asset Management Co. Ltd. now owns 22,990 shares of the oil and natural gas company’s stock valued at $524,000 after acquiring an additional 190 shares in the last quarter. TD Asset Management Inc. raised its holdings in Antero Resources Corporation by 4.4% in the 1st quarter. TD Asset Management Inc. now owns 9,411 shares of the oil and natural gas company’s stock valued at $215,000 after acquiring an additional 400 shares in the last quarter. Allen Investment Management LLC raised its holdings in Antero Resources Corporation by 2.4% in the 1st quarter. Allen Investment Management LLC now owns 18,275 shares of the oil and natural gas company’s stock valued at $417,000 after acquiring an additional 422 shares in the last quarter. TCW Group Inc. raised its holdings in Antero Resources Corporation by 1.9% in the 1st quarter. TCW Group Inc. now owns 23,368 shares of the oil and natural gas company’s stock valued at $533,000 after acquiring an additional 445 shares in the last quarter. Finally, Texan Capital Management raised its holdings in Antero Resources Corporation by 2.0% in the 2nd quarter. Texan Capital Management now owns 26,845 shares of the oil and natural gas company’s stock valued at $580,000 after acquiring an additional 535 shares in the last quarter. 93.61% of the stock is owned by hedge funds and other institutional investors.

Shares of Antero Resources Corporation (NYSE:AR) opened at 20.48 on Friday. Antero Resources Corporation has a 52-week low of $18.23 and a 52-week high of $28.30. The company has a market cap of $6.46 billion, a price-to-earnings ratio of 476.28 and a beta of 0.95. The firm has a 50 day moving average price of $19.50 and a 200-day moving average price of $21.32.

Antero Resources Corporation (NYSE:AR) last released its quarterly earnings results on Wednesday, August 2nd. The oil and natural gas company reported ($0.04) earnings per share for the quarter, missing the Zacks’ consensus estimate of ($0.03) by ($0.01). Antero Resources Corporation had a net margin of 0.48% and a return on equity of 1.44%. The firm had revenue of $736.00 million for the quarter, compared to analysts’ expectations of $778.55 million. During the same quarter in the previous year, the business earned $0.14 EPS. The company’s revenue for the quarter was up 1.1% on a year-over-year basis. Equities research analysts anticipate that Antero Resources Corporation will post $0.30 earnings per share for the current year.

AR has been the topic of several recent analyst reports. Citigroup Inc. decreased their price target on Antero Resources Corporation from $34.00 to $27.00 and set a “buy” rating on the stock in a research note on Friday, July 21st. BMO Capital Markets reiterated a “buy” rating and issued a $26.00 price target on shares of Antero Resources Corporation in a research note on Thursday, June 22nd. Zacks Investment Research upgraded Antero Resources Corporation from a “hold” rating to a “buy” rating and set a $24.00 price target on the stock in a research note on Friday, July 21st. ValuEngine lowered Antero Resources Corporation from a “hold” rating to a “sell” rating in a research note on Friday, June 2nd. Finally, BidaskClub upgraded Antero Resources Corporation from a “strong sell” rating to a “sell” rating in a research note on Tuesday, June 13th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating, fourteen have issued a buy rating and one has given a strong buy rating to the stock. Antero Resources Corporation has a consensus rating of “Buy” and an average target price of $29.82.

In other Antero Resources Corporation news, insider K. Phil Yoo sold 3,785 shares of the firm’s stock in a transaction dated Tuesday, August 1st. The stock was sold at an average price of $20.55, for a total transaction of $77,781.75. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 10.80% of the company’s stock.

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About Antero Resources Corporation

Antero Resources Corporation is an oil and natural gas company. The Company is engaged in the exploration, development and acquisition of natural gas, natural gas liquids (NGLs) and oil properties located in the Appalachian Basin. The Company’s segments include the exploration, development and production of natural gas, NGLs and oil; gathering and processing; water handling and treatment, and marketing of excess firm transportation capacity.

Institutional Ownership by Quarter for Antero Resources Corporation (NYSE:AR)

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