Goehring & Rozencwajg Associates LLC Buys 18,569 Shares of Antero Resources Corporation (NYSE:AR)

Goehring & Rozencwajg Associates LLC lifted its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 2.2% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 849,101 shares of the oil and natural gas company's stock after acquiring an additional 18,569 shares during the quarter. Antero Resources makes up approximately 6.4% of Goehring & Rozencwajg Associates LLC's investment portfolio, making the stock its 3rd largest position. Goehring & Rozencwajg Associates LLC owned approximately 0.27% of Antero Resources worth $34,788,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new position in Antero Resources during the fourth quarter worth approximately $31,000. Capital A Wealth Management LLC acquired a new position in Antero Resources during the fourth quarter worth approximately $35,000. Bessemer Group Inc. increased its position in Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after buying an additional 411 shares during the last quarter. North Star Investment Management Corp. bought a new stake in shares of Antero Resources during the first quarter worth approximately $44,000. Finally, Sunbelt Securities Inc. bought a new stake in shares of Antero Resources during the first quarter worth approximately $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AR shares. Raymond James Financial reiterated a "strong-buy" rating on shares of Antero Resources in a research note on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price target on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Barclays boosted their price target on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a research note on Monday. Bank of America boosted 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. Finally, UBS Group boosted 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. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $43.50.

Insider Activity

In other 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 value of $1,004,472.00. Following the transaction, the insider owned 306,819 shares of the company's stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the sale, the director directly owned 364,992 shares of the company's stock, valued at $14,716,477.44. The trade was a 9.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, 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 Price Performance

NYSE AR traded down $0.18 on Monday, reaching $37.08. The company had a trading volume of 4,678,182 shares, compared to its average volume of 4,345,789. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $11.51 billion, a PE ratio of 43.12 and a beta of 0.68. The firm's 50 day moving average price is $39.08 and its 200 day moving average price is $37.77. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.02.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results 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 return on equity of 4.01% and a net margin of 5.96%. The firm 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 EPS. The company's quarterly revenue was up 20.5% on a year-over-year basis. As a group, equities analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current 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.