Balyasny Asset Management L.P. Sells 13,964 Shares of Antero Resources Co. (NYSE:AR)

Balyasny Asset Management L.P. trimmed its position in Antero Resources Co. (NYSE:AR - Free Report) by 31.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 30,952 shares of the oil and natural gas company's stock after selling 13,964 shares during the period. Balyasny Asset Management L.P.'s holdings in Antero Resources were worth $1,085,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Antero Resources in the 4th quarter worth approximately $140,020,000. Wellington Management Group LLP boosted its stake in shares of 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 worth $689,135,000 after buying an additional 2,201,429 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Antero Resources by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock worth $414,628,000 after buying an additional 1,274,760 shares during the last quarter. Webs Creek Capital Management LP purchased a new position in shares of Antero Resources in the 4th quarter worth approximately $44,525,000. Finally, Bank of America Corp DE boosted its stake in shares of Antero Resources by 145.1% in the 4th quarter. Bank of America Corp DE now owns 386,725 shares of the oil and natural gas company's stock worth $13,555,000 after buying an additional 1,245,101 shares during the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Down 1.2%

Shares of AR traded down $0.48 on Friday, hitting $39.75. 3,289,402 shares of the stock traded hands, compared to its average volume of 4,187,452. The company has a market capitalization of $12.34 billion, a PE ratio of 124.23 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The business has a 50 day simple moving average of $36.87 and a 200 day simple moving average of $35.55. Antero Resources Co. has a one year low of $24.53 and a one year high of $42.63.

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

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on AR shares. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and boosted their target price for the stock from $47.00 to $49.00 in a research note on Tuesday. UBS Group boosted their target price on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and upped their price objective for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. Benchmark reiterated a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. Finally, StockNews.com upgraded Antero Resources to a "sell" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.72.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources 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 transaction, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold 1,300,000 shares of company stock worth $52,834,994 in the last 90 days. 6.70% of the stock is currently owned by insiders.

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.