Natixis Advisors LLC Grows Holdings in Antero Resources Corporation (NYSE:AR)

Key Points

• Natixis Advisors LLC raised its holdings in Antero Resources Corporation by 6.3%, acquiring an additional 25,602 shares, bringing their total to 434,271 shares valued at approximately $17.56 million.
• Antero Resources reported earnings of $0.35 per share for the latest quarter, missing analysts' expectations of $0.68, although its revenue matched the estimates at $1.3 billion, showing a 32.6% year-over-year increase.
• Analysts have a consensus rating of "Moderate Buy" for Antero Resources, with an average price target set at $44.18, reflecting optimism from various research firms regarding the company's future performance.

Natixis Advisors LLC boosted its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 6.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 434,271 shares of the oil and natural gas company's stock after acquiring an additional 25,602 shares during the period. Natixis Advisors LLC owned about 0.14% of Antero Resources worth $17,562,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Assenagon Asset Management S.A. raised its position in Antero Resources by 133.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company's stock worth $151,406,000 after buying an additional 2,137,538 shares during the last quarter. Castle Hook Partners LP purchased a new position in shares of Antero Resources during the 4th quarter valued at approximately $60,980,000. Dimensional Fund Advisors LP increased its holdings in shares of Antero Resources by 12.1% during the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock valued at $414,628,000 after purchasing an additional 1,274,760 shares in the last quarter. Webs Creek Capital Management LP purchased a new stake in Antero Resources in the 4th quarter worth $44,525,000. Finally, Bank of America Corp DE increased its holdings in Antero Resources by 145.1% in the 4th quarter. Bank of America Corp DE now owns 386,725 shares of the oil and natural gas company's stock worth $13,555,000 after acquiring an additional 1,245,101 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on AR shares. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and lifted their price objective for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Morgan Stanley upped their price objective on shares of Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research note on Monday. Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and upped their target price for the company from $47.00 to $49.00 in a research report on Tuesday, May 13th. Raymond James Financial increased their target price on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research report on Tuesday, July 22nd. Finally, Bank of America raised their target price on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.53.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total value of $1,532,684.16. Following the completion of the transaction, the director owned 364,992 shares of the company's stock, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the sale, the insider owned 306,819 shares in the company, valued at approximately $12,229,805.34. This trade represents 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 three months. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Trading Up 0.8%

Shares of Antero Resources stock traded up $0.28 during trading on Tuesday, reaching $33.30. 2,948,327 shares of the stock were exchanged, compared to its average volume of 6,069,288. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 1 year low of $24.53 and a 1 year high of $44.01. The stock's fifty day moving average is $37.70 and its 200 day moving average is $37.58. The firm has a market cap of $10.29 billion, a price-to-earnings ratio of 21.21 and a beta of 0.64.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%. The business had revenue of $1.30 billion for the quarter, compared to analysts' expectations of $1.30 billion. During the same quarter in the prior year, the business earned ($0.21) EPS. The company's revenue was up 32.6% compared to the same quarter last year. As a group, equities research analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

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.