Diversified Trust Co Buys Shares of 25,447 Antero Resources Corporation (NYSE:AR)

Diversified Trust Co bought a new stake in Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund bought 25,447 shares of the oil and natural gas company's stock, valued at approximately $1,029,000.

Other institutional investors also recently bought and sold shares of the company. Slate Path Capital LP acquired a new position in Antero Resources in the 4th quarter valued at about $35,471,000. Wealthfront Advisers LLC acquired a new position in Antero Resources in the 4th quarter valued at about $556,000. Sei Investments Co. grew its position in shares of Antero Resources by 7.3% during the fourth 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 in the last quarter. Proficio Capital Partners LLC acquired a new position in shares of Antero Resources during the fourth quarter worth about $968,000. Finally, Raymond James Financial Inc. acquired a new position in shares of Antero Resources during the fourth quarter worth about $140,020,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 25,200 shares of the company's stock in a transaction that occurred on Friday, May 16th. The stock was 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 owns 306,819 shares in the company, valued at $12,229,805.34. This represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the company's stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total value of $1,532,684.16. Following the sale, the director now owns 364,992 shares of the company's stock, valued at $14,716,477.44. This trade represents a 9.43% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is owned by insiders.

Antero Resources Price Performance

Shares of NYSE AR opened at $41.14 on Friday. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.17. Antero Resources Corporation has a twelve month low of $24.53 and a twelve month high of $44.02. The stock has a 50 day moving average of $38.66 and a two-hundred day moving average of $37.51. The stock has a market cap of $12.78 billion, a P/E ratio of 47.84 and a beta of 0.67.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The company had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm's revenue for the quarter was up 20.5% on a year-over-year basis. On average, research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Wall Street Analyst Weigh In

AR has been the subject of a number of recent research reports. UBS Group lifted their price target on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Bank of America boosted their price target on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and boosted their price target for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. Finally, Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $43.22.

About Antero Resources

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.