Assenagon Asset Management S.A. Acquires 2,137,538 Shares of Antero Resources Co. (NYSE:AR)

Assenagon Asset Management S.A. lifted its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 133.1% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 3,743,957 shares of the oil and natural gas company's stock after acquiring an additional 2,137,538 shares during the quarter. Assenagon Asset Management S.A. owned approximately 1.20% of Antero Resources worth $151,406,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in AR. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new stake in Antero Resources during the 4th quarter worth approximately $35,000. Wilmington Savings Fund Society FSB lifted its holdings in Antero Resources by 205.2% during the 4th 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 during the last quarter. Transcendent Capital Group LLC bought a new stake in Antero Resources in the 4th quarter valued at $56,000. Finally, Altshuler Shaham Ltd acquired a new position in Antero Resources in the 4th quarter valued at $70,000. 83.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Barclays lifted their target price on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. Bank of America increased their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Wells Fargo & Company raised their target price on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. Finally, Williams Trading set a $48.00 price target on Antero Resources in a research note on Wednesday, March 5th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have issued a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $43.33.

Antero Resources Price Performance

Shares of Antero Resources stock traded up $1.61 during midday trading on Friday, hitting $41.65. 5,458,743 shares of the company traded hands, compared to its average volume of 4,244,112. The firm's fifty day moving average price is $36.75 and its 200-day moving average price is $36.70. The stock has a market cap of $12.93 billion, a price-to-earnings ratio of 130.14 and a beta of 0.67. Antero Resources Co. has a 12 month low of $24.53 and a 12 month 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.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.10. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. Antero Resources's revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the business posted $0.12 EPS. As a group, sell-side analysts forecast that Antero Resources Co. will post 2.74 earnings per share for the current year.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of the business's stock in a transaction that occurred 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 transaction, the director now owns 364,992 shares in the company, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yvette K. Schultz sold 25,200 shares of the company's stock in a transaction on 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 now directly owns 306,819 shares in the company, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 1,125,200 shares of company stock valued at $45,887,466 over the last quarter. 6.70% of the stock is owned by company insiders.

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.