Mitsubishi UFJ Trust & Banking Corp Has $353,000 Holdings in Antero Resources Co. (NYSE:AR)

Mitsubishi UFJ Trust & Banking Corp lowered its position in shares of Antero Resources Co. (NYSE:ARGet Rating) by 64.2% during the second quarter, Holdings Channel reports. The fund owned 11,524 shares of the oil and natural gas company’s stock after selling 20,687 shares during the quarter. Mitsubishi UFJ Trust & Banking Corp’s holdings in Antero Resources were worth $353,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the company. SeaCrest Wealth Management LLC acquired a new position in Antero Resources in the 2nd quarter valued at approximately $37,000. Summit Trail Advisors LLC increased its stake in Antero Resources by 1.7% in the 2nd quarter. Summit Trail Advisors LLC now owns 361,150 shares of the oil and natural gas company’s stock valued at $11,069,000 after buying an additional 6,100 shares during the period. Gemsstock Ltd. acquired a new position in Antero Resources in the 2nd quarter valued at approximately $12,753,000. AdvisorShares Investments LLC acquired a new position in Antero Resources in the 2nd quarter valued at approximately $683,000. Finally, Walleye Capital LLC increased its stake in Antero Resources by 11.6% in the 2nd quarter. Walleye Capital LLC now owns 457,134 shares of the oil and natural gas company’s stock valued at $14,011,000 after buying an additional 47,626 shares during the period. Institutional investors and hedge funds own 80.15% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com assumed coverage on shares of Antero Resources in a research note on Wednesday, October 12th. They issued a “hold” rating on the stock. TheStreet upgraded shares of Antero Resources from a “c” rating to a “b-” rating in a research note on Wednesday, July 27th. Scotiabank initiated coverage on shares of Antero Resources in a research report on Wednesday, August 3rd. They issued a “sector perform” rating and a $47.00 target price for the company. Truist Financial decreased their target price on shares of Antero Resources from $64.00 to $61.00 and set a “buy” rating for the company in a research report on Friday, October 28th. Finally, The Goldman Sachs Group boosted their target price on shares of Antero Resources from $43.00 to $48.00 and gave the stock a “buy” rating in a research report on Tuesday, August 30th. Three investment analysts have rated the stock with a hold rating, seven have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Antero Resources presently has an average rating of “Moderate Buy” and an average target price of $47.09.

Insider Buying and Selling

In related news, insider Sheri Pearce sold 2,750 shares of the company’s stock in a transaction on Thursday, November 3rd. The shares were sold at an average price of $35.48, for a total transaction of $97,570.00. Following the completion of the sale, the insider now directly owns 91,266 shares of the company’s stock, valued at approximately $3,238,117.68. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 5.72% of the stock is owned by insiders.

Antero Resources Price Performance

NYSE AR opened at $36.61 on Wednesday. The company has a current ratio of 0.38, a quick ratio of 0.38 and a debt-to-equity ratio of 0.18. The company has a fifty day simple moving average of $34.93 and a 200 day simple moving average of $36.81. The company has a market cap of $10.99 billion, a P/E ratio of 5.94 and a beta of 3.55. Antero Resources Co. has a 1 year low of $15.38 and a 1 year high of $48.80.

About Antero Resources

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Antero Resources Corporation, an independent oil and natural gas company, acquires, explores for, develops, and produces natural gas, natural gas liquids, and oil properties in the United States. As of December 31, 2021, it had approximately 502,000 net acres in the Appalachian Basin; and 174,000 net acres in the Upper Devonian Shale.

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

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