Deutsche Bank AG Buys 8,948 Shares of Antero Resources Co. (NYSE:AR)

Deutsche Bank AG raised its stake in Antero Resources Co. (NYSE:AR - Free Report) by 3.2% in the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 288,290 shares of the oil and natural gas company's stock after purchasing an additional 8,948 shares during the quarter. Deutsche Bank AG owned 0.09% of Antero Resources worth $10,105,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AR. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources during the fourth quarter valued at approximately $28,000. Hennessy Advisors Inc. grew its stake in shares of Antero Resources by 4.3% in the fourth quarter. Hennessy Advisors Inc. now owns 24,200 shares of the oil and natural gas company's stock worth $848,000 after acquiring an additional 1,000 shares during the last quarter. HB Wealth Management LLC purchased a new stake in shares of Antero Resources during the fourth quarter valued at $203,000. UMB Bank n.a. boosted its position in shares of Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after buying an additional 523 shares during the last quarter. Finally, Ballentine Partners LLC bought a new position in Antero Resources in the fourth quarter valued at about $205,000. Institutional investors own 83.04% of the company's stock.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 25,200 shares of the firm's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the sale, the insider now directly owns 306,819 shares of the company's stock, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total value of $1,532,684.16. Following the sale, the director now directly owns 364,992 shares of the company's stock, valued at $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,125,200 shares of company stock worth $45,887,466. Insiders own 6.70% of the company's stock.

Antero Resources Price Performance

AR traded up $0.30 during trading hours on Tuesday, hitting $39.72. The company's stock had a trading volume of 3,196,697 shares, compared to its average volume of 4,187,346. The business's 50-day moving average price is $36.94 and its 200-day moving average price is $35.77. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The stock has a market cap of $12.33 billion, a price-to-earnings ratio of 124.13 and a beta of 0.66. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

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 for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business posted $0.12 earnings per share. Antero Resources's quarterly revenue was up 20.5% on a year-over-year basis. Sell-side analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on AR shares. Williams Trading set a $48.00 price objective on Antero Resources in a research note on Wednesday, March 5th. JPMorgan Chase & Co. lifted their price objective on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Raymond James reissued a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. UBS Group raised their target price on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Finally, The Goldman Sachs Group upped their price target 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. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $42.72.

Antero Resources Company 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.