Voya Investment Management LLC Sells 8,419 Shares of Antero Resources Co. (NYSE:AR)

Voya Investment Management LLC cut its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 5.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 150,661 shares of the oil and natural gas company's stock after selling 8,419 shares during the quarter. Voya Investment Management LLC's holdings in Antero Resources were worth $5,281,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Webs Creek Capital Management LP purchased a new stake in shares of Antero Resources in the 4th quarter worth about $44,525,000. Hood River Capital Management LLC increased its stake in Antero Resources by 31.1% during the 4th quarter. Hood River Capital Management LLC now owns 314,601 shares of the oil and natural gas company's stock valued at $11,027,000 after purchasing an additional 74,667 shares in the last quarter. Price T Rowe Associates Inc. MD boosted its stake in Antero Resources by 9.0% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 177,488 shares of the oil and natural gas company's stock valued at $6,221,000 after purchasing an additional 14,659 shares during the last quarter. Pinebridge Investments L.P. increased its holdings in shares of Antero Resources by 42.2% in the 4th quarter. Pinebridge Investments L.P. now owns 91,186 shares of the oil and natural gas company's stock worth $3,196,000 after purchasing an additional 27,051 shares in the last quarter. Finally, Slate Path Capital LP purchased a new position in Antero Resources in the 4th quarter worth about $35,471,000. 83.04% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have weighed in on AR. Williams Trading set a $48.00 target price on Antero Resources in a report on Wednesday, March 5th. StockNews.com raised Antero Resources to a "sell" rating in a report on Thursday, February 13th. Morgan Stanley reissued an "overweight" rating and set a $58.00 price objective on shares of Antero Resources in a report on Wednesday, March 26th. Wells Fargo & Company increased their price target on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. Finally, Barclays boosted their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.44.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction dated 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 sale, the director now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 6.70% of the company's stock.

Antero Resources Trading Up 1.0 %

Shares of Antero Resources stock traded up $0.37 during trading hours on Tuesday, hitting $35.86. The company's stock had a trading volume of 914,216 shares, compared to its average volume of 4,126,294. The business has a fifty day moving average of $36.28 and a 200 day moving average of $34.94. The company has a market capitalization of $11.15 billion, a PE ratio of 112.28 and a beta of 3.08. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last posted 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 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 analyst estimates of $1.28 billion. During the same quarter last year, the firm posted $0.12 earnings per share. The business's quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

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.