Antero Resources Co. (NYSE:AR) Shares Sold by Nuveen Asset Management LLC

Nuveen Asset Management LLC lessened its stake in Antero Resources Co. (NYSE:AR - Free Report) by 1.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 581,290 shares of the oil and natural gas company's stock after selling 7,226 shares during the quarter. Nuveen Asset Management LLC owned 0.19% of Antero Resources worth $20,374,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors have also recently modified their holdings of AR. Spire Wealth Management bought a new stake in shares of Antero Resources in the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB lifted its holdings in Antero Resources by 205.2% in 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 purchasing an additional 913 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 59.6% in the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after buying an additional 523 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in shares of Antero Resources in the fourth quarter worth $56,000. Finally, Altshuler Shaham Ltd purchased a new position in shares of Antero Resources in the fourth quarter worth $70,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the firm's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the sale, the director now directly owns 38,013 shares in the company, valued at approximately $1,551,690.66. This trade represents a 96.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yvette K. Schultz sold 25,200 shares of the firm's stock in a transaction dated 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 sale, the insider now owns 306,819 shares of the company's stock, valued at approximately $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 worth $45,887,466 over the last three months. Insiders own 6.70% of the company's stock.

Analyst Upgrades and Downgrades

AR has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a research note on Wednesday, March 26th. UBS Group raised their price target 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. Barclays raised their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. Bank of America raised their price target 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, Williams Trading set a $48.00 price target on Antero Resources in a research report on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy 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 $43.33.

Antero Resources Stock Performance

AR stock traded down $1.24 during trading on Wednesday, reaching $38.94. The company had a trading volume of 3,068,894 shares, compared to its average volume of 5,059,112. The firm has a 50-day simple moving average of $36.98 and a 200-day simple moving average of $36.19. The company has a market cap of $12.09 billion, a price-to-earnings ratio of 121.60 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63.

Antero Resources (NYSE:AR - Get Free Report) last posted its earnings results 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. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the business posted $0.12 EPS. The business's revenue was up 20.5% compared to the same quarter last year. As a group, sell-side analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current year.

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.