Antero Resources Corporation $AR Shares Sold by Arkadios Wealth Advisors

Key Points

• Arkadios Wealth Advisors cut its Antero Resources stake by 95.7% in the first quarter, selling 129,143 shares and retaining 5,768 shares worth approximately $245,000.
• Institutional investors and hedge funds own 83.04% of Antero Resources, while several firms added or initiated positions during recent quarters.
• Analysts maintain a generally positive view, with a consensus rating of “Moderate Buy” and an average price target of $48.53, compared with the stock’s reported price of $34.72.

Arkadios Wealth Advisors cut its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 95.7% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,768 shares of the oil and natural gas company's stock after selling 129,143 shares during the period. Arkadios Wealth Advisors' holdings in Antero Resources were worth $245,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of AR. Sunbelt Securities Inc. purchased a new stake in Antero Resources during the third quarter valued at about $30,000. IFP Advisors Inc raised its holdings in shares of Antero Resources by 59.2% during the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock valued at $31,000 after acquiring an additional 345 shares during the period. Los Angeles Capital Management LLC purchased a new stake in shares of Antero Resources in the 4th quarter valued at approximately $41,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Antero Resources in the 4th quarter valued at approximately $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in Antero Resources in the 4th quarter worth approximately $45,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Analysts Set New Price Targets

Several analysts have issued reports on AR shares. Truist Financial cut their target price on shares of Antero Resources from $56.00 to $52.00 and set a "buy" rating on the stock in a research note on Thursday, July 9th. Zacks Research cut shares of Antero Resources from a "strong-buy" rating to a "hold" rating in a report on Tuesday, May 26th. Roth Capital reaffirmed a "neutral" rating and issued a $38.00 price target on shares of Antero Resources in a research note on Thursday, April 30th. Morgan Stanley cut their price objective on Antero Resources from $56.00 to $48.00 and set an "overweight" rating for the company in a report on Monday, June 29th. Finally, Barclays lifted their price objective on Antero Resources from $45.00 to $46.00 and gave the company an "equal weight" rating in a research report on Thursday, July 30th. Three research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating and six have assigned a Hold rating to the stock. According to data from MarketBeat.com, Antero Resources has an average rating of "Moderate Buy" and a consensus price target of $48.53.

Antero Resources Trading Up 0.0%

Antero Resources stock opened at $34.72 on Monday. Antero Resources Corporation has a 52 week low of $29.10 and a 52 week high of $45.75. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.40 and a current ratio of 0.40. The firm has a market capitalization of $10.67 billion, a PE ratio of 9.98 and a beta of 0.34. The business's 50-day simple moving average is $34.76 and its 200-day simple moving average is $36.54.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company's operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero's portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

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