Federated Hermes Inc. Acquires 28,612 Shares of Antero Resources Corporation (NYSE:AR)

Federated Hermes Inc. boosted its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 98.5% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 57,672 shares of the oil and natural gas company's stock after purchasing an additional 28,612 shares during the period. Federated Hermes Inc.'s holdings in Antero Resources were worth $2,332,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. LPL Financial LLC grew its position in shares of Antero Resources by 486.0% in the 4th quarter. LPL Financial LLC now owns 157,501 shares of the oil and natural gas company's stock valued at $5,520,000 after acquiring an additional 130,623 shares during the period. Orion Portfolio Solutions LLC grew its position in shares of Antero Resources by 55.3% in the 4th quarter. Orion Portfolio Solutions LLC now owns 14,504 shares of the oil and natural gas company's stock valued at $508,000 after acquiring an additional 5,162 shares during the period. O Shaughnessy Asset Management LLC grew its position in shares of Antero Resources by 25.1% in the 4th quarter. O Shaughnessy Asset Management LLC now owns 13,522 shares of the oil and natural gas company's stock valued at $474,000 after acquiring an additional 2,711 shares during the period. Polymer Capital Management US LLC bought a new position in shares of Antero Resources in the 4th quarter valued at about $248,000. Finally, Treasurer of the State of North Carolina grew its position in shares of Antero Resources by 0.6% in the 4th quarter. Treasurer of the State of North Carolina now owns 127,550 shares of the oil and natural gas company's stock valued at $4,471,000 after acquiring an additional 800 shares during the period. Institutional investors own 83.04% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on AR shares. UBS Group raised their target price 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. Wells Fargo & Company set a $39.00 target price on shares of Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday, July 15th. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and raised their target price for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. Morgan Stanley lifted their price objective on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday. Finally, Bank of America lifted their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.53.

Antero Resources Price Performance

Shares of NYSE:AR opened at $33.30 on Wednesday. The firm has a 50 day moving average of $37.57 and a 200-day moving average of $37.55. The stock has a market capitalization of $10.29 billion, a PE ratio of 21.21 and a beta of 0.64. The company has a current ratio of 0.30, a quick ratio of 0.30 and a debt-to-equity ratio of 0.15. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.33). The firm had revenue of $1.30 billion during the quarter, compared to analyst estimates of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. Antero Resources's quarterly revenue was up 32.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.21) earnings per share. On average, equities research analysts predict that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Insider Activity at Antero Resources

In related news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction that occurred 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 sale, the insider directly owned 306,819 shares of the company's stock, valued at approximately $12,229,805.34. The trade was a 7.59% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of Antero Resources stock in a transaction that occurred on 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 sale, the director directly owned 38,013 shares in the company, valued at $1,551,690.66. This trade represents a 96.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,125,200 shares of company stock valued at $45,887,466 over the last 90 days. Corporate insiders own 6.70% of the company's stock.

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.

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