Assenagon Asset Management S.A. Grows Holdings in Antero Resources Co. (NYSE:AR)

Assenagon Asset Management S.A. lifted its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 133.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 3,743,957 shares of the oil and natural gas company's stock after purchasing an additional 2,137,538 shares during the period. Assenagon Asset Management S.A. owned approximately 1.20% of Antero Resources worth $151,406,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Slate Path Capital LP purchased a new stake in shares of Antero Resources during the 4th quarter worth approximately $35,471,000. Wealthfront Advisers LLC purchased a new stake in shares of Antero Resources during the 4th quarter worth approximately $556,000. Allspring Global Investments Holdings LLC lifted its position in shares of Antero Resources by 1,423.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock worth $304,000 after buying an additional 7,983 shares during the last quarter. Sei Investments Co. lifted its position in shares of Antero Resources by 7.3% during the 4th quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock worth $6,246,000 after buying an additional 12,156 shares during the last quarter. Finally, Proficio Capital Partners LLC purchased a new stake in shares of Antero Resources during the 4th quarter worth approximately $968,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently commented on AR shares. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and upped their price target for the company from $47.00 to $49.00 in a research report on Tuesday, May 13th. Wells Fargo & Company upped their price target on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. UBS Group upped their price target on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Bank of America upped their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.33.

Insider Transactions at Antero Resources

In related news, insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction dated 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 sale, the insider now directly owns 306,819 shares of the company's stock, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the sale, 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 ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 1,125,200 shares of company stock valued at $45,887,466 in the last ninety days. 6.70% of the stock is currently owned by company insiders.

Antero Resources Price Performance

Shares of NYSE:AR traded up $1.61 on Friday, reaching $41.65. 5,458,743 shares of the company were exchanged, compared to its average volume of 4,253,361. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The firm has a market cap of $12.93 billion, a price-to-earnings ratio of 130.14 and a beta of 0.67. The company has a 50-day moving average of $36.94 and a 200-day moving average of $36.79.

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

Antero Resources 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.