Gotham Asset Management LLC Lowers Stock Holdings in Antero Resources Co. (NYSE:AR)

Gotham Asset Management LLC lessened its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 74.5% during the 4th quarter, according to its most recent filing with the Securities & 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 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently bought and sold shares of the business. Oregon Public Employees Retirement Fund grew its position in Antero Resources by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company's stock valued at $2,085,000 after acquiring an additional 300 shares during the last quarter. Cetera Investment Advisers lifted its holdings in shares of Antero Resources by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock worth $493,000 after buying an additional 319 shares during the period. Net Worth Advisory Group lifted its holdings in shares of Antero Resources by 2.2% in the 4th quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company's stock worth $582,000 after buying an additional 354 shares during the period. Mercer Global Advisors Inc. ADV lifted its holdings in shares of Antero Resources by 2.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock worth $503,000 after buying an additional 370 shares during the period. Finally, Caprock Group LLC lifted its holdings in shares of Antero Resources by 0.6% in the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company's stock worth $2,047,000 after buying an additional 374 shares during the period. Institutional investors own 83.04% of the company's stock.

Analysts Set New Price Targets

Several brokerages have weighed in on AR. Wells Fargo & Company upped their target price on Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a report on Wednesday, March 19th. Bank of America upped their target price on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday. UBS Group upped their target price on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. Wall Street Zen upgraded Antero Resources to a "sell" rating in a report on Thursday, February 13th. Finally, Morgan Stanley reiterated an "overweight" rating and issued a $58.00 target price on shares of Antero Resources in a report on Wednesday, March 26th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $43.33.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of the stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total value 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Yvette K. Schultz sold 25,200 shares of the firm's stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the sale, the insider now directly owns 306,819 shares in the company, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have 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 Up 1.0%

NYSE:AR traded up $0.41 during mid-day trading on Friday, hitting $39.46. 2,894,021 shares of the company's stock traded hands, compared to its average volume of 4,188,603. The company has a fifty day moving average of $37.03 and a 200 day moving average of $36.09. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The company has a market capitalization of $12.25 billion, a P/E ratio of 123.31 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35.

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 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period in the prior year, the company posted $0.12 EPS. The firm's quarterly revenue was up 20.5% compared to the same quarter last year. On average, analysts forecast that Antero Resources Co. will post 2.74 EPS for the current year.

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.