Goodlander Investment Management LLC Takes $14.02 Million Position in Antero Resources Co. (NYSE:AR)

Goodlander Investment Management LLC purchased a new position in shares of Antero Resources Co. (NYSE:AR - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm purchased 400,000 shares of the oil and natural gas company's stock, valued at approximately $14,020,000. Antero Resources makes up 10.5% of Goodlander Investment Management LLC's portfolio, making the stock its 4th largest position. Goodlander Investment Management LLC owned about 0.13% of Antero Resources as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also made changes to their positions in AR. Raymond James Financial Inc. bought a new position in Antero Resources in the 4th quarter valued at approximately $140,020,000. Wellington Management Group LLP raised its stake in shares of Antero Resources by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock valued at $689,135,000 after acquiring an additional 2,201,429 shares during the last quarter. Castle Hook Partners LP bought a new position in shares of Antero Resources during the fourth quarter valued at $60,980,000. Dimensional Fund Advisors LP raised its stake in shares of Antero Resources by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock valued at $414,628,000 after acquiring an additional 1,274,760 shares during the last quarter. Finally, Webs Creek Capital Management LP bought a new position in shares of Antero Resources during the fourth quarter valued at $44,525,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on AR shares. Morgan Stanley reiterated an "overweight" rating and set a $58.00 price objective on shares of Antero Resources in a research report on Wednesday, March 26th. The Goldman Sachs Group increased their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research report on Thursday, January 23rd. Wells Fargo & Company increased their price objective on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. Williams Trading set a $48.00 price objective on shares of Antero Resources in a research report on Wednesday, March 5th. Finally, JPMorgan Chase & Co. increased their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources has an average rating of "Moderate Buy" and a consensus target price of $42.72.

Insider Activity

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 6.70% of the company's stock.

Antero Resources Stock Performance

Shares of AR traded down $0.57 on Thursday, reaching $39.93. The company's stock had a trading volume of 151,488 shares, compared to its average volume of 4,163,558. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The stock has a market capitalization of $12.40 billion, a P/E ratio of 124.57 and a beta of 0.66. The stock's 50 day simple moving average is $36.68 and its two-hundred day simple moving average is $35.38. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $42.63.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter last year, the business earned $0.12 EPS. The firm's revenue was up 20.5% compared to the same quarter last year. Research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Antero Resources Company 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.