Deltec Asset Management LLC Reduces Stock Position in Antero Resources Corporation $AR

Key Points

• Deltec Asset Management LLC cut its stake in Antero Resources by 71.6% in Q4, selling 141,000 shares and retaining 56,000 shares valued at about $1.93 million.
• Meanwhile, several large institutions (State Street, Sourcerock, Dimensional, Raymond James and MFS) increased positions—Massachusetts Financial Services more than doubled its stake—leaving institutional investors with roughly 83.04% ownership.
• Antero beat quarterly estimates (EPS $0.62 vs. $0.49) and carries an average analyst rating of "Moderate Buy" with a consensus price target of $48.56.

Deltec Asset Management LLC lowered its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 71.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 56,000 shares of the oil and natural gas company's stock after selling 141,000 shares during the period. Deltec Asset Management LLC's holdings in Antero Resources were worth $1,930,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the stock. State Street Corp lifted its position in shares of Antero Resources by 1.2% during the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company's stock worth $341,368,000 after acquiring an additional 116,461 shares in the last quarter. Sourcerock Group LLC lifted its position in shares of Antero Resources by 10.6% during the second quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company's stock worth $328,529,000 after acquiring an additional 783,117 shares in the last quarter. Dimensional Fund Advisors LP lifted its position in shares of Antero Resources by 31.8% during the third quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company's stock worth $267,485,000 after acquiring an additional 1,922,977 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Antero Resources by 3.2% during the third quarter. Raymond James Financial Inc. now owns 4,508,542 shares of the oil and natural gas company's stock worth $151,307,000 after acquiring an additional 140,416 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of Antero Resources by 111.2% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company's stock worth $137,437,000 after acquiring an additional 2,099,755 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on AR. Barclays increased their target price on Antero Resources from $41.00 to $43.00 and gave the stock an "equal weight" rating in a research report on Monday, March 16th. Morgan Stanley upped their price target on shares of Antero Resources from $54.00 to $56.00 and gave the stock an "overweight" rating in a report on Friday, April 17th. Williams Trading set a $56.00 price target on shares of Antero Resources in a report on Monday, April 20th. Jefferies Financial Group set a $50.00 price target on shares of Antero Resources in a report on Friday, February 13th. Finally, TD Cowen raised shares of Antero Resources to a "strong-buy" rating in a report on Monday, February 9th. Five analysts have rated the stock with a Strong Buy rating, eight have assigned a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $48.56.

Antero Resources Trading Up 0.1%

Antero Resources stock opened at $37.86 on Monday. The stock has a market cap of $11.68 billion, a P/E ratio of 18.74, a PEG ratio of 0.36 and a beta of 0.42. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75. The firm's fifty day moving average price is $38.81 and its 200-day moving average price is $35.56. The company has a debt-to-equity ratio of 0.18, a quick ratio of 0.55 and a current ratio of 0.55.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, February 11th. The oil and natural gas company reported $0.62 earnings per share for the quarter, topping the consensus estimate of $0.49 by $0.13. The firm had revenue of $1.41 billion for the quarter, compared to analysts' expectations of $1.33 billion. Antero Resources had a net margin of 12.02% and a return on equity of 6.71%. The business's quarterly revenue was up 20.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.48 earnings per share. Equities research analysts forecast that Antero Resources Corporation will post 4.05 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Yvette K. Schultz sold 15,000 shares of the stock in a transaction on Monday, March 9th. The stock was sold at an average price of $39.33, for a total value of $589,950.00. Following the transaction, the insider owned 319,122 shares of the company's stock, valued at $12,551,068.26. This represents a 4.49% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the transaction, the director directly owned 150,242 shares in the company, valued at approximately $6,610,648. This represents a 7.40% decrease in their position. The SEC filing for this sale provides additional information. 6.30% of the stock is owned by corporate 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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