Bokf Na Invests $3.07 Million in Antero Resources Co. (NYSE:AR)

BOKF NA purchased a new stake in shares of Antero Resources Co. (NYSE:AR - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 80,000 shares of the oil and natural gas company's stock, valued at approximately $3,066,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the stock. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources during the 4th quarter valued at $28,000. Spire Wealth Management purchased a new position in shares of Antero Resources in the fourth quarter valued at about $31,000. Wilmington Savings Fund Society FSB lifted its position in shares of Antero Resources by 205.2% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after acquiring an additional 913 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Antero Resources by 59.6% in the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after acquiring an additional 523 shares during the period. Finally, Transcendent Capital Group LLC purchased a new stake in shares of Antero Resources during the fourth quarter worth about $56,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Trading Up 3.5 %

NYSE:AR traded up $1.30 during midday trading on Friday, hitting $38.69. 4,257,802 shares of the company traded hands, compared to its average volume of 4,162,515. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm's fifty day moving average is $36.34 and its 200-day moving average is $35.17. The firm has a market capitalization of $12.01 billion, a P/E ratio of 120.91 and a beta of 0.66. Antero Resources Co. has a 12-month low of $24.53 and a 12-month 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. The firm had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The business's revenue was up 20.5% on a year-over-year basis. During the same quarter last year, the business earned $0.12 EPS. On average, sell-side analysts predict that Antero Resources Co. will post 2.74 EPS for the current year.

Wall Street Analyst Weigh In

Several research analysts have weighed in on AR shares. UBS Group upped their price target on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday. Truist Financial upped their target price on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research report on Monday, January 13th. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and lifted their price target for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Finally, Wells Fargo & Company raised their price objective on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $42.39.

Insiders Place Their Bets

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 6.70% of the stock is owned by insiders.

Antero Resources 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.