Net Worth Advisory Group Lowers Holdings in Antero Resources Co. (NYSE:AR)

Net Worth Advisory Group reduced its stake in Antero Resources Co. (NYSE:AR - Free Report) by 38.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 10,242 shares of the oil and natural gas company's stock after selling 6,355 shares during the quarter. Net Worth Advisory Group's holdings in Antero Resources were worth $414,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Mascagni Wealth Management Inc. purchased a new position in Antero Resources during the 4th quarter worth approximately $31,000. Capital A Wealth Management LLC purchased a new position in Antero Resources during the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB raised its position in Antero Resources by 205.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock worth $48,000 after buying an additional 913 shares during the last quarter. Transcendent Capital Group LLC purchased a new position in Antero Resources during the 4th quarter worth approximately $56,000. Finally, Altshuler Shaham Ltd purchased a new position in Antero Resources during the 4th quarter worth approximately $70,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Price Performance

AR traded up $1.61 on Friday, hitting $41.65. 5,458,743 shares of the company's stock were exchanged, compared to its average volume of 4,253,361. 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 current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a 50-day moving average price of $36.94 and a 200-day moving average price of $36.82. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 130.14 and a beta of 0.67.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) 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 company posted $0.12 EPS. The firm's quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and raised their price target for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and raised their price objective for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. Williams Trading set a $48.00 price objective on shares of Antero Resources in a research note on Wednesday, March 5th. Bank of America raised their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, Wells Fargo & Company raised their price objective 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. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $43.33.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 25,200 shares of the company's stock in a transaction dated 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 now owns 306,819 shares of the company's stock, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the company's stock in a transaction dated Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the completion of 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,125,200 shares of company stock valued at $45,887,466. 6.70% of the stock is owned by company insiders.

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.