Goehring & Rozencwajg Associates LLC Has $34.79 Million Stock Holdings in Antero Resources Corporation (NYSE:AR)

Goehring & Rozencwajg Associates LLC grew its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 2.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 849,101 shares of the oil and natural gas company's stock after acquiring an additional 18,569 shares during the period. Antero Resources accounts for 6.4% of Goehring & Rozencwajg Associates LLC's portfolio, making the stock its 3rd largest holding. Goehring & Rozencwajg Associates LLC owned 0.27% of Antero Resources worth $34,788,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the business. Cetera Investment Advisers raised its position in shares of Antero Resources by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock valued at $493,000 after purchasing an additional 319 shares during the period. Net Worth Advisory Group raised its position in shares of Antero Resources by 2.2% during the 4th quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company's stock valued at $582,000 after purchasing an additional 354 shares during the period. Mercer Global Advisors Inc. ADV raised its position in shares of Antero Resources by 2.6% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock valued at $503,000 after purchasing an additional 370 shares during the period. Bessemer Group Inc. raised its position in shares of Antero Resources by 64.7% during the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after purchasing an additional 411 shares during the period. Finally, Fifth Third Bancorp raised its position in shares of Antero Resources by 17.2% during the 1st quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company's stock valued at $122,000 after purchasing an additional 442 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AR has been the topic of several recent analyst reports. UBS Group raised their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Bank of America raised their price objective 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. Raymond James Financial restated a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and raised their target price for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. Finally, Wells Fargo & Company cut their target price on shares of Antero Resources from $42.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, June 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $43.22.

Antero Resources Price Performance

Shares of NYSE:AR traded up $0.11 on Friday, reaching $37.31. The company's stock had a trading volume of 3,664,858 shares, compared to its average volume of 4,332,959. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $44.02. The company has a market cap of $11.58 billion, a P/E ratio of 40.50 and a beta of 0.68. The company has a 50-day simple moving average of $39.04 and a 200 day simple moving average of $37.63. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.39 and a current ratio of 0.39.

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 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the company posted $0.12 EPS. The business's revenue was up 20.5% on a year-over-year basis. As a group, equities research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Yvette K. Schultz sold 25,200 shares of the firm's stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the completion of the sale, the insider owned 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 can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the firm's stock in a transaction dated 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 sale, the director owned 38,013 shares of the company's stock, valued at $1,551,690.66. This trade represents a 96.54% decrease in their position. 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 three months. 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.