Antero Resources Co. (NYSE:AR) Stock Position Reduced by SailingStone Capital Partners LLC

SailingStone Capital Partners LLC lowered its stake in Antero Resources Co. (NYSE:AR - Free Report) by 22.4% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 888,592 shares of the oil and natural gas company's stock after selling 256,339 shares during the quarter. Antero Resources comprises approximately 10.5% of SailingStone Capital Partners LLC's holdings, making the stock its 4th largest holding. SailingStone Capital Partners LLC owned 0.29% of Antero Resources worth $31,145,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also bought and sold shares of AR. SIR Capital Management L.P. bought a new position in shares of Antero Resources during the fourth quarter valued at approximately $16,777,000. Royal Bank of Canada increased its holdings in Antero Resources by 100.2% in the fourth quarter. Royal Bank of Canada now owns 747,250 shares of the oil and natural gas company's stock valued at $26,191,000 after buying an additional 374,068 shares in the last quarter. Raiffeisen Bank International AG acquired a new stake in shares of Antero Resources in the fourth quarter valued at about $5,045,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Antero Resources in the fourth quarter valued at about $84,000. Finally, ProShare Advisors LLC boosted its position in Antero Resources by 7.4% during the fourth quarter. ProShare Advisors LLC now owns 13,685 shares of the oil and natural gas company's stock worth $480,000 after acquiring an additional 941 shares during the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analyst Ratings Changes

Several equities analysts have weighed in on AR shares. Barclays boosted their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. JPMorgan Chase & Co. increased their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Wells Fargo & Company raised 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. The Goldman Sachs Group raised their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research note on Thursday, January 23rd. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $58.00 price objective on shares of Antero Resources in a research note on Wednesday, March 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $42.72.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total value of $1,532,684.16. Following the completion of the sale, the director now owns 364,992 shares of the company's stock, valued at approximately $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders sold a total of 1,300,000 shares of company stock worth $52,834,994 in the last ninety days. 6.70% of the stock is owned by insiders.

Antero Resources Stock Down 1.2%

NYSE:AR opened at $39.75 on Friday. The firm has a market capitalization of $12.34 billion, a price-to-earnings ratio of 124.23 and a beta of 0.66. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The stock's 50 day moving average price is $36.87 and its two-hundred day moving average price is $35.55. 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 released its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. The firm had revenue of $1.35 billion during 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 company's revenue was up 20.5% compared to the same quarter last year. During the same period in the prior year, the company posted $0.12 EPS. Equities research analysts expect 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.

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