Gotham Asset Management LLC Reduces Stock Position in Antero Resources Co. (NYSE:AR)

Gotham Asset Management LLC lowered its stake in Antero Resources Co. (NYSE:AR - Free Report) by 74.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 13,867 shares of the oil and natural gas company's stock after selling 40,499 shares during the quarter. Gotham Asset Management LLC's holdings in Antero Resources were worth $486,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Spire Wealth Management bought a new position in Antero Resources in the fourth quarter worth approximately $31,000. Wilmington Savings Fund Society FSB raised its position in shares of 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 period. UMB Bank n.a. raised its position in shares of 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 during the period. Transcendent Capital Group LLC bought a new stake in shares of Antero Resources during the 4th quarter valued at $56,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of Antero Resources during the 4th quarter valued at $70,000. 83.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction dated 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 completion of the transaction, the insider now directly owns 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction dated 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 transaction, the director now directly owns 364,992 shares of the company's stock, valued at approximately $14,716,477.44. This represents a 9.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety 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 Stock Performance

Shares of NYSE:AR opened at $39.40 on Tuesday. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.63. The stock has a market capitalization of $12.23 billion, a P/E ratio of 123.13 and a beta of 0.66. The firm has a fifty day simple moving average of $36.94 and a two-hundred day simple moving average of $35.77. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

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 2.31% and a return on equity of 0.74%. 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. On average, analysts expect that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently commented on the stock. The Goldman Sachs Group raised their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Barclays raised their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research report on Friday, February 14th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and raised their price objective for the company from $47.00 to $49.00 in a research report on Tuesday, May 13th. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and raised their price objective for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Finally, Wells Fargo & Company lifted their price target on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $42.72.

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.

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