BIP Wealth LLC bought a new stake in Antero Resources Co. (NYSE:AR - Free Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 52,092 shares of the oil and natural gas company's stock, valued at approximately $1,826,000.
Other hedge funds have also recently bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Antero Resources during the fourth quarter worth about $140,020,000. Wellington Management Group LLP increased its stake in shares of Antero Resources by 12.6% during 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 purchasing an additional 2,201,429 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings 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 purchasing an additional 1,274,760 shares during the period. Webs Creek Capital Management LP purchased a new position in Antero Resources in the fourth quarter valued at approximately $44,525,000. Finally, Slate Path Capital LP bought a new position in Antero Resources during the fourth quarter valued at $35,471,000. 83.04% of the stock is owned by hedge funds and other institutional investors.
Insider Activity 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 value of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares in the company, valued at $71,568,000. This trade represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is currently owned by insiders.
Wall Street Analyst Weigh In
Several brokerages have issued reports on AR. StockNews.com raised Antero Resources to a "sell" rating in a research report on Thursday, February 13th. UBS Group upped their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday. Morgan Stanley reiterated an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. The Goldman Sachs Group upped their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Finally, Barclays lifted 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 note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have assigned a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.39.
Check Out Our Latest Research Report on Antero Resources
Antero Resources Price Performance
AR stock traded up $1.21 during midday trading on Wednesday, reaching $36.71. The company had a trading volume of 4,451,302 shares, compared to its average volume of 4,143,427. The firm has a 50-day moving average price of $36.28 and a 200-day moving average price of $34.96. 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 company has a market capitalization of $11.40 billion, a P/E ratio of 114.72 and a beta of 0.66. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63.
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 EPS for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the prior year, the firm earned $0.12 earnings per share. The firm's revenue was up 20.5% on a year-over-year basis. On average, research analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.
Antero Resources Company Profile
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Free Report)
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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