Antero Resources Corporation $AR Shares Sold by Strs Ohio

Strs Ohio lowered its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 35.7% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,940 shares of the oil and natural gas company's stock after selling 40,988 shares during the period. Strs Ohio's holdings in Antero Resources were worth $2,548,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also made changes to their positions in the company. Annandale Capital LLC lifted its stake in Antero Resources by 0.4% in the third quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company's stock worth $2,475,000 after acquiring an additional 300 shares during the last quarter. Brooklyn Investment Group increased its position in shares of Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company's stock valued at $529,000 after purchasing an additional 305 shares during the last quarter. Uhlmann Price Securities LLC increased its position in shares of Antero Resources by 2.2% in the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company's stock valued at $508,000 after purchasing an additional 325 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of Antero Resources by 59.2% in the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock valued at $31,000 after purchasing an additional 345 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its position in shares of Antero Resources by 12.1% during the 3rd quarter. Smartleaf Asset Management LLC now owns 3,840 shares of the oil and natural gas company's stock worth $129,000 after purchasing an additional 413 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently commented on AR. Wells Fargo & Company boosted their target price on shares of Antero Resources from $49.00 to $52.00 and gave the stock an "overweight" rating in a research note on Friday, February 13th. TD Cowen raised Antero Resources to a "strong-buy" rating in a report on Monday, February 9th. Morgan Stanley upped their price objective on Antero Resources from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Friday, April 17th. Benchmark upgraded Antero Resources from a "hold" rating to a "buy" rating and set a $44.00 price objective on the stock in a report on Thursday, March 5th. Finally, UBS Group boosted their target price on Antero Resources from $54.00 to $56.00 and gave the stock a "buy" rating in a research note on Friday. Five equities research analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of "Buy" and a consensus price target of $49.63.

Antero Resources Stock Down 1.0%

Antero Resources stock opened at $39.15 on Wednesday. The company has a market capitalization of $12.13 billion, a P/E ratio of 12.71, a PEG ratio of 0.38 and a beta of 0.36. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The stock has a 50-day simple moving average of $39.25 and a 200-day simple moving average of $35.79.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, beating analysts' consensus estimates of $0.49 by $0.13. The company had revenue of $1.41 billion during the quarter, compared to analysts' expectations of $1.33 billion. Antero Resources had a return on equity of 7.80% and a net margin of 16.39%.The firm's revenue for the quarter was up 20.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.48 earnings per share. Equities research analysts expect that Antero Resources Corporation will post 4.04 earnings per share for the current year.

Insiders Place Their Bets

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the firm's stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares of the company's stock, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the completion of the transaction, the insider owned 277,665 shares in the company, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 252,316 shares of company stock valued at $9,977,259. Insiders own 6.30% of the company's stock.

Antero Resources 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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