BW Gestao de Investimentos Ltda. Buys New Position in Antero Resources Co. (NYSE:AR)

BW Gestao de Investimentos Ltda. purchased a new stake in shares of Antero Resources Co. (NYSE:AR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 37,999 shares of the oil and natural gas company's stock, valued at approximately $1,332,000.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources in the fourth quarter valued at approximately $28,000. Spire Wealth Management bought a new position in Antero Resources in the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB raised its position in Antero Resources by 205.2% in the 4th 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 purchasing an additional 913 shares during the last quarter. UMB Bank n.a. boosted its stake in 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 purchasing an additional 523 shares in the last quarter. Finally, Transcendent Capital Group LLC bought a new stake in shares of Antero Resources during the fourth quarter worth $56,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

AR has been the topic of several research reports. Truist Financial upped their price target 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 upped their target price for the stock from $40.00 to $46.00 in a research report on Tuesday, April 8th. Benchmark reissued a "hold" rating on shares of Antero Resources in a report on Friday, January 17th. The Goldman Sachs Group boosted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a research report 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 report on Wednesday, March 26th. 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 given a strong buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $42.39.

Antero Resources Trading Up 3.4 %

Antero Resources stock traded up $1.21 during midday trading on Wednesday, hitting $36.71. 4,451,302 shares of the stock were exchanged, compared to its average volume of 4,143,427. 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 fifty day simple moving average of $36.28 and a two-hundred day simple moving average of $34.96. 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 Co. has a 52 week low of $24.53 and a 52 week high of $42.63.

Antero Resources (NYSE:AR - Get Free Report) last announced 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 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 firm's revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.12 EPS. Equities research analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

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

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.