Public Employees Retirement System of Ohio Has $5.68 Million Position in Antero Resources Co. (NYSE:AR)

Public Employees Retirement System of Ohio increased its position in Antero Resources Co. (NYSE:AR - Free Report) by 53.7% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 161,912 shares of the oil and natural gas company's stock after purchasing an additional 56,561 shares during the quarter. Public Employees Retirement System of Ohio owned approximately 0.05% of Antero Resources worth $5,675,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Raymond James Financial Inc. purchased a new stake in Antero Resources in the 4th quarter worth approximately $140,020,000. Wellington Management Group LLP lifted its position in shares of Antero Resources by 12.6% in the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock worth $689,135,000 after buying an additional 2,201,429 shares in the last quarter. Castle Hook Partners LP purchased a new stake in Antero Resources during the fourth quarter valued at approximately $60,980,000. Dimensional Fund Advisors LP raised its position in Antero Resources by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock valued at $414,628,000 after purchasing an additional 1,274,760 shares during the period. Finally, Webs Creek Capital Management LP purchased a new stake in shares of Antero Resources in the fourth quarter worth approximately $44,525,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Trading Down 3.6%

NYSE AR traded down $1.40 during mid-day trading on Friday, reaching $37.44. 6,576,863 shares of the stock were exchanged, compared to its average volume of 4,199,649. 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 has a market capitalization of $11.63 billion, a PE ratio of 117.00 and a beta of 0.66. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The business's fifty day simple moving average is $36.82 and its 200 day simple moving average is $36.30.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data 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. 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 for the quarter was up 20.5% compared to the same quarter last year. During the same period last year, the business earned $0.12 EPS. On average, research analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

AR has been the topic of several recent research reports. JPMorgan Chase & Co. increased their target price on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. Wells Fargo & Company raised their target price on Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 19th. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and lifted their price objective for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. Finally, Morgan Stanley restated an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the business's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the completion of the sale, the director now directly owns 38,013 shares of the company's stock, valued at $1,551,690.66. The trade was a 96.54% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction 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 owns 306,819 shares of the company's stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,125,200 shares of company stock valued at $45,887,466 in the last ninety days. Company insiders own 6.70% of the company's stock.

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.