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

Nuveen Asset Management LLC decreased its stake in Antero Resources Co. (NYSE:AR - Free Report) by 1.2% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. 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 approximately 0.19% of Antero Resources worth $20,374,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Spire Wealth Management purchased a new position in Antero Resources during the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB boosted its position in Antero Resources by 205.2% during the fourth 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. boosted its position in Antero Resources by 59.6% during 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 purchasing an additional 523 shares in the last quarter. Transcendent Capital Group LLC purchased a new position in Antero Resources during the fourth quarter worth approximately $56,000. Finally, Altshuler Shaham Ltd purchased a new position in Antero Resources during the fourth quarter worth approximately $70,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on AR shares. Morgan Stanley reiterated an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. Wells Fargo & Company raised their target price on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. Williams Trading set a $48.00 target price on Antero Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. increased their price target on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Finally, Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and increased their price target for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.33.

Antero Resources Price Performance

AR stock traded up $0.63 on Tuesday, reaching $40.12. The company had a trading volume of 2,673,449 shares, compared to its average volume of 4,182,542. Antero Resources Co. has a 1 year low of $24.53 and a 1 year high of $42.63. 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 company's fifty day moving average is $37.00 and its 200 day moving average is $36.16. The company has a market cap of $12.46 billion, a P/E ratio of 125.36 and a beta of 0.66.

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 analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same quarter in the prior year, the company earned $0.12 EPS. Antero Resources's revenue was up 20.5% on a year-over-year basis. On average, research analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current year.

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 on Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total value of $43,350,309.34. Following the completion of the transaction, the director now directly owns 38,013 shares in the company, valued at approximately $1,551,690.66. The trade was a 96.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction 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 transaction, the insider now owns 306,819 shares of the company's stock, valued at $12,229,805.34. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 1,125,200 shares of company stock worth $45,887,466. 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.