GF Fund Management CO. LTD. Invests $3.11 Million in Antero Resources Co. (NYSE:AR)

GF Fund Management CO. LTD. acquired a new position in shares of Antero Resources Co. (NYSE:AR - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 88,776 shares of the oil and natural gas company's stock, valued at approximately $3,112,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Spire Wealth Management bought a new stake in Antero Resources in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB grew its position in Antero Resources by 205.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after purchasing an additional 913 shares during the last quarter. UMB Bank n.a. increased its stake in Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after purchasing an additional 523 shares in the last quarter. Transcendent Capital Group LLC bought a new stake in Antero Resources during the 4th quarter valued at about $56,000. Finally, Altshuler Shaham Ltd purchased a new position in Antero Resources in the fourth quarter worth about $70,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Wall Street Analyst Weigh In

AR has been the subject of several analyst reports. Wall Street Zen raised shares of Antero Resources to a "sell" rating in a research report on Thursday, February 13th. Morgan Stanley reissued an "overweight" rating and issued a $58.00 target price on shares of Antero Resources in a report on Wednesday, March 26th. Williams Trading set a $48.00 price target on Antero Resources in a report on Wednesday, March 5th. Wells Fargo & Company increased their price objective on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. Finally, TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and lifted their price objective for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Antero Resources Stock Performance

AR stock traded down $0.94 during midday trading on Friday, reaching $37.90. 3,215,267 shares of the company's stock traded hands, compared to its average volume of 4,187,376. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $42.63. The stock has a market cap of $11.77 billion, a P/E ratio of 118.38 and a beta of 0.66. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The stock's 50-day moving average is $36.90 and its 200 day moving average is $36.26.

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 (EPS) for the quarter, beating 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 firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm posted $0.12 EPS. The company's revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current year.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 25,200 shares of the firm's 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 now owns 306,819 shares in the company, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the transaction, the director now owns 38,013 shares of the company's stock, 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. Over the last quarter, insiders sold 1,125,200 shares of company stock valued at $45,887,466. Company insiders own 6.70% of the company's stock.

Antero Resources Company 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.