Antero Resources Co. (NYSE:AR) Position Cut by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. decreased its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 52.6% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 29,685 shares of the oil and natural gas company's stock after selling 32,967 shares during the quarter. Envestnet Asset Management Inc.'s holdings in Antero Resources were worth $1,040,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Annandale Capital LLC grew its holdings in Antero Resources by 116.8% in the 4th quarter. Annandale Capital LLC now owns 89,854 shares of the oil and natural gas company's stock worth $3,149,000 after buying an additional 48,400 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake 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 purchasing an additional 186,727 shares in the last quarter. Franklin Resources Inc. grew its stake in shares of Antero Resources by 34.7% in the fourth quarter. Franklin Resources Inc. now owns 1,018,544 shares of the oil and natural gas company's stock worth $35,700,000 after purchasing an additional 262,416 shares in the last quarter. Colrain Capital LLC acquired a new position in shares of Antero Resources during the fourth quarter valued at $4,670,000. Finally, Summit Financial LLC bought a new stake in shares of Antero Resources during the fourth quarter valued at about $526,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Performance

Shares of AR stock opened at $34.64 on Friday. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The stock's 50-day moving average is $36.34 and its two-hundred day moving average is $34.72. 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 firm has a market cap of $10.77 billion, a P/E ratio of 108.25 and a beta of 3.08.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data 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. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The firm's revenue was up 20.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.12 earnings per share. Analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

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

Analyst Ratings Changes

Several equities analysts have commented on AR shares. TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and raised their target price for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. Raymond James raised their price objective on shares of Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research note on Thursday, January 23rd. JPMorgan Chase & Co. upped their target price on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. The Goldman Sachs Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Truist Financial upped their price objective on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a report on Monday, January 13th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Antero Resources currently has an average rating of "Moderate Buy" and a consensus target price of $42.44.

About Antero Resources

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.

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