AQR Capital Management LLC Acquires 36,796 Shares of Antero Resources Co. (NYSE:AR)

AQR Capital Management LLC raised its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 6.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 647,398 shares of the oil and natural gas company's stock after acquiring an additional 36,796 shares during the period. AQR Capital Management LLC owned about 0.21% of Antero Resources worth $22,575,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Pinnacle Bancorp Inc. acquired a new position in Antero Resources in the 4th quarter worth $28,000. Spire Wealth Management acquired a new position in shares of Antero Resources during the fourth quarter worth about $31,000. Wilmington Savings Fund Society FSB grew its holdings in shares of Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock worth $48,000 after buying an additional 913 shares in the last quarter. UMB Bank n.a. raised its position in Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after buying an additional 523 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in Antero Resources in the 4th quarter valued at approximately $56,000. 83.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the company'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 completion of the transaction, the director now directly owns 1,800,000 shares in the company, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 6.70% of the company's stock.

Antero Resources Price Performance

NYSE:AR traded up $1.21 during mid-day trading on Wednesday, reaching $36.71. The stock had a trading volume of 4,451,302 shares, compared to its average volume of 4,144,052. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The stock has a market capitalization of $11.40 billion, a PE ratio of 114.72 and a beta of 0.66. 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 50-day simple moving average of $36.28 and a two-hundred day simple moving average of $34.94.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $1.35 billion for the quarter, compared to analyst estimates 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 for the quarter was up 20.5% compared to the same quarter last year. During the same quarter last year, the company posted $0.12 EPS. On average, equities analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. StockNews.com upgraded shares of Antero Resources to a "sell" rating in a report on Thursday, February 13th. UBS Group raised their target price on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday. The Goldman Sachs Group boosted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and increased their price target for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. Finally, Williams Trading set a $48.00 price objective on Antero Resources in a research report on Wednesday, March 5th. One investment 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's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $42.39.

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.