4D Advisors LLC Takes $3.03 Million Position in Antero Resources Corporation $AR

Key Points

• 4D Advisors LLC has acquired 75,000 shares of Antero Resources Corporation, valued at approximately **$3 million**, making it a 2.4% stake in their investment portfolio.
• Several institutional investors, including Hsbc Holdings and Northern Trust Corp, have also increased their positions in Antero Resources, indicating growing institutional interest.
• Antero Resources reported a quarterly EPS of **$0.35**, missing analyst estimates, but showed **32.6% year-over-year revenue growth**, highlighting its operational performance despite the earnings miss.

4D Advisors LLC acquired a new position in Antero Resources Corporation (NYSE:AR - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 75,000 shares of the oil and natural gas company's stock, valued at approximately $3,033,000. Antero Resources comprises approximately 2.4% of 4D Advisors LLC's portfolio, making the stock its 19th biggest holding.

Several other hedge funds have also modified their holdings of the company. Sourcerock Group LLC grew its holdings in shares of Antero Resources by 3.8% in the fourth quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company's stock valued at $222,768,000 after purchasing an additional 231,068 shares in the last quarter. Invesco Ltd. lifted its position in Antero Resources by 44.3% during the first quarter. Invesco Ltd. now owns 4,440,328 shares of the oil and natural gas company's stock valued at $179,567,000 after purchasing an additional 1,362,370 shares during the last quarter. Raymond James Financial Inc. grew its stake in shares of Antero Resources by 10.7% in the 1st quarter. Raymond James Financial Inc. now owns 4,423,044 shares of the oil and natural gas company's stock worth $178,868,000 after buying an additional 428,167 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Antero Resources by 133.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company's stock worth $151,406,000 after buying an additional 2,137,538 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in shares of Antero Resources by 22.6% in the 4th quarter. Northern Trust Corp now owns 2,431,631 shares of the oil and natural gas company's stock worth $85,229,000 after buying an additional 447,944 shares during the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AR has been the subject of a number of analyst reports. Roth Capital downgraded shares of Antero Resources from a "buy" rating to a "neutral" rating and lowered their price target for the company from $44.00 to $32.00 in a report on Monday, August 18th. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and upped their price objective for the company from $47.00 to $49.00 in a research report on Tuesday, May 13th. Barclays lifted their target price on Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Raymond James Financial boosted their target price on Antero Resources from $57.00 to $58.00 and gave the company a "strong-buy" rating in a research report on Tuesday, July 22nd. Finally, Morgan Stanley raised their price target on Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research report on Monday, August 4th. One analyst has rated the stock with a Strong Buy rating, nine have assigned a Buy rating and seven have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $43.65.

Antero Resources Trading Up 0.2%

AR stock traded up $0.08 during trading on Friday, hitting $32.56. The company had a trading volume of 6,478,665 shares, compared to its average volume of 4,397,951. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $44.01. The company has a 50 day simple moving average of $33.67 and a 200-day simple moving average of $36.38. The firm has a market capitalization of $10.06 billion, a P/E ratio of 20.74 and a beta of 0.63. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%.The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same quarter in the prior year, the company earned ($0.21) earnings per share. Antero Resources's revenue was up 32.6% on a year-over-year basis. As a group, research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

About Antero Resources

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.