Castle Hook Partners LP Takes Position in Antero Resources Co. (NYSE:AR)

Castle Hook Partners LP acquired a new stake in Antero Resources Co. (NYSE:AR - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,739,810 shares of the oil and natural gas company's stock, valued at approximately $60,980,000. Antero Resources accounts for about 0.8% of Castle Hook Partners LP's holdings, making the stock its 27th biggest position. Castle Hook Partners LP owned about 0.56% of Antero Resources at the end of the most recent reporting period.

A number of other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. boosted its position in shares of Antero Resources by 0.7% in the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company's stock worth $1,036,603,000 after buying an additional 214,060 shares during the period. Wellington Management Group LLP boosted 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 valued at $689,135,000 after buying an additional 2,201,429 shares during the period. Dimensional Fund Advisors LP increased its position in 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 last quarter. Raymond James Financial Inc. acquired a new stake in shares of Antero Resources during the 4th quarter valued at about $140,020,000. Finally, Massachusetts Financial Services Co. MA grew its stake in shares of Antero Resources by 7.0% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company's stock valued at $99,940,000 after buying an additional 186,727 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Shares of AR stock traded up $1.30 on Friday, hitting $38.69. The company's stock had a trading volume of 4,257,802 shares, compared to its average volume of 4,162,515. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. 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 stock's 50 day moving average is $36.34 and its 200-day moving average is $35.17. The company has a market capitalization of $12.01 billion, a PE ratio of 120.91 and a beta of 0.66.

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. 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 during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the company posted $0.12 earnings per share. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. Equities research analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm's stock in a transaction dated Tuesday, February 18th. The stock was 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 $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 6.70% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AR. Truist Financial upped their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a report on Monday, January 13th. Williams Trading set a $48.00 price objective on Antero Resources in a research report on Wednesday, March 5th. Barclays boosted their target price on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Wells Fargo & Company boosted their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 19th. Finally, UBS Group boosted their target price on Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, eight have issued 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, Antero Resources currently has a consensus rating of "Moderate Buy" and an average price target of $42.39.

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.