Alyeska Investment Group L.P. Takes Position in Antero Resources Co. (NYSE:AR)

Alyeska Investment Group L.P. purchased a new position in shares of Antero Resources Co. (NYSE:AR - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 874,586 shares of the oil and natural gas company's stock, valued at approximately $30,654,000. Alyeska Investment Group L.P. owned about 0.28% of Antero Resources as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. lifted its holdings in shares of Antero Resources by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company's stock valued at $1,036,603,000 after purchasing an additional 214,060 shares in the last quarter. Wellington Management Group LLP lifted its stake in Antero Resources by 12.6% in the 4th 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 buying an additional 2,201,429 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Antero Resources by 12.1% during the 4th 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 buying an additional 1,274,760 shares during the last quarter. Raymond James Financial Inc. purchased a new position in Antero Resources during the fourth quarter worth $140,020,000. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of Antero Resources by 7.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company's stock worth $99,940,000 after acquiring an additional 186,727 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

AR has been the subject of a number of recent research reports. UBS Group lifted their price objective on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Wednesday. TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and boosted their price objective for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Wells Fargo & Company upped their price objective on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research note on Wednesday, March 19th. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, JPMorgan Chase & Co. increased their price target on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $42.39.

Antero Resources Stock Up 3.4 %

AR traded up $1.21 during trading on Wednesday, hitting $36.71. The company had a trading volume of 4,451,302 shares, compared to its average volume of 4,143,427. The business has a 50-day moving average of $36.28 and a 200-day moving average of $34.96. The company has a market cap of $11.40 billion, a PE ratio of 114.72 and a beta of 0.66. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

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

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the completion of the transaction, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. This represents a 10.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 6.70% of the stock is currently owned by company insiders.

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.