GF Fund Management CO. LTD. Purchases New Shares in Antero Resources Co. (NYSE:AR)

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

Other large investors have also modified their holdings of the company. Janney Montgomery Scott LLC increased its holdings in shares of Antero Resources by 83.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock worth $928,000 after acquiring an additional 12,062 shares during the period. Slate Path Capital LP acquired a new stake in shares of Antero Resources in the 4th quarter worth about $35,471,000. Wealthfront Advisers LLC acquired a new stake in shares of Antero Resources in the 4th quarter worth about $556,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Antero Resources by 1,423.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock worth $304,000 after acquiring an additional 7,983 shares during the period. Finally, Sei Investments Co. increased its holdings in shares of Antero Resources by 7.3% in the 4th quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock worth $6,246,000 after acquiring an additional 12,156 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the stock. Wall Street Zen raised shares of Antero Resources to a "sell" rating in a report on Thursday, February 13th. Bank of America increased their target price on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and increased their target price for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Wells Fargo & Company increased their target price on shares of 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, Raymond James restated a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. One 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 company. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.33.

Insider Activity at Antero Resources

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

Antero Resources Stock Down 0.2%

AR traded down $0.07 during midday trading on Thursday, hitting $38.90. 3,865,216 shares of the company's stock traded hands, compared to its average volume of 4,185,482. The company has a market cap of $12.08 billion, a PE ratio of 121.56 and a beta of 0.66. The stock's fifty day simple moving average is $36.95 and its 200-day simple moving average is $36.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources Co. has a one year low of $24.53 and a one year high of $42.63.

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 the consensus estimate of $0.68 by $0.10. The firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The company's revenue for the quarter was up 20.5% on a year-over-year basis. During the same quarter last year, the firm earned $0.12 earnings per share. As a group, equities analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

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.