Allianz Asset Management GmbH Has $15.85 Million Stake in Antero Resources Corporation (NYSE:AR)

Key Points

• Allianz Asset Management GmbH reduced its stake in Antero Resources Corporation by 35.8%, now holding approximately 391,949 shares valued at $15.85 million as per their latest SEC filing.
• Insider selling activity at Antero Resources is notable, with Director W Howard Keenan, Jr. selling 38,013 shares for over $1.5 million, reflecting a 9.43% decrease in his ownership.
• Analyst ratings for Antero Resources show a mix of opinions, with upgrades from several firms, contributing to a consensus target price of $44.18 and an average rating of "Moderate Buy."

Allianz Asset Management GmbH trimmed its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 35.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 391,949 shares of the oil and natural gas company's stock after selling 218,452 shares during the period. Allianz Asset Management GmbH owned about 0.13% of Antero Resources worth $15,850,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AR. American Century Companies Inc. grew its stake in Antero Resources by 1.2% in the fourth quarter. American Century Companies Inc. now owns 174,202 shares of the oil and natural gas company's stock valued at $6,106,000 after acquiring an additional 2,143 shares during the period. Sei Investments Co. grew its stake in Antero Resources by 7.3% in the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock valued at $6,246,000 after acquiring an additional 12,156 shares during the period. KLP Kapitalforvaltning AS acquired a new position in Antero Resources in the fourth quarter valued at about $2,110,000. LPL Financial LLC grew its stake in Antero Resources by 486.0% in the fourth quarter. LPL Financial LLC now owns 157,501 shares of the oil and natural gas company's stock valued at $5,520,000 after acquiring an additional 130,623 shares during the period. Finally, Vanguard Group Inc. grew its stake in 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 valued at $1,036,603,000 after acquiring an additional 214,060 shares during the period. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 38,013 shares of the company'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 owned 364,992 shares in the company, valued at $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Yvette K. Schultz sold 25,200 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the completion of the sale, the insider owned 306,819 shares in the company, valued at $12,229,805.34. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,125,200 shares of company stock worth $45,887,466 in the last 90 days. Corporate insiders own 6.70% of the company's stock.

Antero Resources Price Performance

NYSE:AR opened at $32.49 on Friday. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.17. The stock's 50 day moving average price is $38.53 and its two-hundred day moving average price is $37.85. The firm has a market capitalization of $10.09 billion, a price-to-earnings ratio of 37.78 and a beta of 0.68. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The business's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.12 earnings per share. On average, analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

A number of analysts have recently commented on AR shares. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Barclays boosted their price target on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Wells Fargo & Company cut their price target on Antero Resources from $41.00 to $39.00 and set an "equal weight" rating on the stock in a report on Tuesday, July 15th. Scotiabank boosted their price target on Antero Resources from $46.00 to $53.00 and gave the company a "sector outperform" rating in a report on Friday, July 11th. Finally, TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and boosted their price target for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $44.18.

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.

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