Nuveen Asset Management LLC Has $20.37 Million Stake in Antero Resources Co. (NYSE:AR)

Nuveen Asset Management LLC decreased its holdings in shares of 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 & Exchange Commission. The firm 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 about 0.19% of Antero Resources worth $20,374,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Spire Wealth Management bought a new stake in Antero Resources during the 4th quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB raised 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 valued at $48,000 after acquiring an additional 913 shares in the last quarter. UMB Bank n.a. raised its holdings in Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after acquiring an additional 523 shares in the last quarter. Transcendent Capital Group LLC acquired a new position in Antero Resources in the 4th quarter valued at approximately $56,000. Finally, Altshuler Shaham Ltd acquired a new position in Antero Resources in the 4th quarter valued at approximately $70,000. Institutional investors own 83.04% of the company's stock.

Insider Buying and Selling at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 38,013 shares of the company's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the sale, the director now owns 364,992 shares in the company, valued at approximately $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the company's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the sale, the insider now owns 306,819 shares in the company, valued at $12,229,805.34. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,125,200 shares of company stock valued at $45,887,466 in the last 90 days. 6.70% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

AR has been the subject of several analyst reports. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and raised their target price for the stock from $40.00 to $46.00 in a research report on Tuesday, April 8th. 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. Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. raised their target price on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Finally, Bank of America raised their target price on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $43.33.

Antero Resources Trading Up 0.2%

Shares of AR traded up $0.06 during trading hours on Thursday, hitting $39.03. 825,036 shares of the stock traded hands, compared to its average volume of 5,030,644. The business has a fifty day moving average of $36.95 and a 200-day moving average of $36.21. The firm has a market capitalization of $12.12 billion, a PE ratio of 121.88 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 company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly 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 return on equity of 0.74% and a net margin of 2.31%. The business had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.12 EPS. The firm's revenue was up 20.5% on a year-over-year basis. Analysts expect that Antero Resources Co. will post 2.74 EPS for the current 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.