Pin Oak Investment Advisors Inc. Has $931,000 Position in Antero Resources Co. (NYSE:AR)

Pin Oak Investment Advisors Inc. cut its position in Antero Resources Co. (NYSE:AR) by 1.8% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 32,513 shares of the oil and natural gas company’s stock after selling 600 shares during the period. Antero Resources comprises about 0.8% of Pin Oak Investment Advisors Inc.’s portfolio, making the stock its 26th largest position. Pin Oak Investment Advisors Inc.’s holdings in Antero Resources were worth $931,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AR. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 357.3% during the 3rd 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 in the last quarter. Capital Performance Advisors LLP bought a new stake in Antero Resources during the 3rd quarter worth about $45,000. Mattson Financial Services LLC acquired a new position in shares of Antero Resources during the 2nd quarter worth about $64,000. GAMMA Investing LLC grew its holdings in shares of Antero Resources by 27.8% in the 2nd quarter. GAMMA Investing LLC now owns 3,012 shares of the oil and natural gas company’s stock valued at $98,000 after acquiring an additional 655 shares in the last quarter. Finally, Signaturefd LLC increased its position in shares of Antero Resources by 19.9% in the third quarter. Signaturefd LLC now owns 4,222 shares of the oil and natural gas company’s stock valued at $121,000 after acquiring an additional 702 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Price Performance

Shares of NYSE:AR opened at $32.48 on Thursday. 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 stock has a market capitalization of $10.11 billion, a PE ratio of 232.00 and a beta of 3.36. The firm has a 50 day moving average of $28.95 and a 200-day moving average of $29.98. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28.

Analyst Ratings Changes

AR has been the subject of several recent research reports. StockNews.com raised Antero Resources to a “sell” rating in a research report on Friday, November 1st. Barclays lowered their target price on shares of Antero Resources from $32.00 to $30.00 and set an “equal weight” rating on the stock in a report on Thursday, October 3rd. Wolfe Research upgraded shares of Antero Resources from a “peer perform” rating to an “outperform” rating and set a $37.00 price target for the company in a research note on Wednesday, September 11th. Truist Financial dropped their target price on shares of Antero Resources from $29.00 to $28.00 and set a “hold” rating on the stock in a report on Monday, September 30th. Finally, Scotiabank raised Antero Resources from a “sector perform” rating to a “sector outperform” rating and boosted their price target for the stock from $40.00 to $44.00 in a research report on Tuesday, August 20th. Two analysts have rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $33.50.

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.