Aventail Capital Group LP Sells 524,283 Shares of Antero Resources Corporation $AR

Key Points

• Aventail Capital Group LP sold 524,283 shares of Antero Resources (a 66.7% reduction), leaving it with 262,142 shares valued at about $8.80 million at quarter-end.
• Insider Yvette K. Schultz sold 15,000 shares at an average price of $39.33 (a 4.49% drop in her holding); insiders own 6.30% of the company while institutional investors hold 83.04%.
• Antero beat quarterly estimates with $0.62 EPS and $1.41 billion revenue (up 20.8% YoY); Wall Street’s consensus rating is a Moderate Buy with an average target of $45.87.

Aventail Capital Group LP lessened its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 66.7% in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 262,142 shares of the oil and natural gas company's stock after selling 524,283 shares during the quarter. Aventail Capital Group LP owned approximately 0.08% of Antero Resources worth $8,797,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the company. Neo Ivy Capital Management bought a new stake in Antero Resources in the 2nd quarter worth $532,000. Stephens Investment Management Group LLC increased its position in shares of Antero Resources by 4.5% in the third quarter. Stephens Investment Management Group LLC now owns 1,185,601 shares of the oil and natural gas company's stock valued at $39,789,000 after acquiring an additional 51,126 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH raised its stake in shares of Antero Resources by 103.8% during the third quarter. Universal Beteiligungs und Servicegesellschaft mbH now owns 436,476 shares of the oil and natural gas company's stock valued at $14,648,000 after acquiring an additional 222,311 shares during the last quarter. Goodman Financial Corp bought a new position in shares of Antero Resources during the third quarter valued at about $14,791,000. Finally, Edgestream Partners L.P. purchased a new stake in shares of Antero Resources during the second quarter worth about $3,015,000. Institutional investors own 83.04% of the company's stock.

Antero Resources Price Performance

Shares of NYSE AR opened at $41.02 on Friday. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $44.01. The stock has a market capitalization of $12.65 billion, a P/E ratio of 20.30 and a beta of 0.52. The company's 50-day moving average is $34.84 and its 200 day moving average is $34.01. The company has a debt-to-equity ratio of 0.18, a current ratio of 0.55 and a quick ratio of 0.55.

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 EPS for the quarter, topping the consensus estimate of $0.49 by $0.13. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The business had revenue of $1.41 billion during the quarter, compared to analyst estimates of $1.33 billion. During the same period last year, the business posted $0.48 earnings per share. Antero Resources's quarterly revenue was up 20.8% compared to the same quarter last year. On average, sell-side analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on AR. Benchmark raised Antero Resources from a "hold" rating to a "buy" rating and set a $44.00 target price on the stock in a research note on Thursday, March 5th. Tudor Pickering upgraded Antero Resources from a "hold" rating to a "strong-buy" rating in a report on Tuesday, December 2nd. Morgan Stanley cut their price objective on Antero Resources from $48.00 to $46.00 and set an "overweight" rating on the stock in a research report on Friday, January 23rd. Wall Street Zen cut Antero Resources from a "hold" rating to a "sell" rating in a research note on Friday, November 28th. Finally, TD Cowen upgraded Antero Resources to a "strong-buy" rating in a report on Monday, February 9th. Four analysts have rated the stock with a Strong Buy rating, eight have issued a Buy rating and six have issued a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $45.87.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 15,000 shares of Antero Resources stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $39.33, for a total transaction of $589,950.00. Following the sale, the insider directly owned 319,122 shares in the company, valued at $12,551,068.26. The trade was a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 6.30% of the stock is currently owned by insiders.

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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