HighTower Advisors LLC Has $5.02 Million Position in Antero Resources Corporation $AR

Key Points

• HighTower Advisors LLC boosted its stake in Antero Resources by 84.5% in the fourth quarter, ending with 145,751 shares valued at about $5.02 million.
• Institutional ownership remains heavy, with several hedge funds and asset managers also increasing their positions; overall, 83.04% of the stock is held by institutional investors and hedge funds.
• Insiders have been selling shares recently, including a large sale by Michael N. Kennedy, while analysts still view the stock favorably overall with a Moderate Buy consensus and an average target price of $50.06.

HighTower Advisors LLC increased its holdings in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 84.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 145,751 shares of the oil and natural gas company's stock after purchasing an additional 66,766 shares during the period. HighTower Advisors LLC's holdings in Antero Resources were worth $5,023,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of AR. NewEdge Advisors LLC lifted its stake in Antero Resources by 16,498.3% in the first quarter. NewEdge Advisors LLC now owns 9,627 shares of the oil and natural gas company's stock valued at $389,000 after buying an additional 9,569 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Antero Resources by 7.9% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 590,555 shares of the oil and natural gas company's stock worth $23,882,000 after acquiring an additional 43,312 shares in the last quarter. Focus Partners Wealth raised its holdings in shares of Antero Resources by 18.9% during the first quarter. Focus Partners Wealth now owns 19,921 shares of the oil and natural gas company's stock worth $806,000 after acquiring an additional 3,169 shares during the period. EverSource Wealth Advisors LLC lifted its position in Antero Resources by 701.3% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 2,989 shares of the oil and natural gas company's stock valued at $120,000 after acquiring an additional 2,616 shares in the last quarter. Finally, Daiwa Securities Group Inc. boosted its stake in Antero Resources by 22.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 36,500 shares of the oil and natural gas company's stock worth $1,470,000 after purchasing an additional 6,700 shares during the period. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Antero Resources

In other news, insider Michael N. Kennedy sold 185,826 shares of Antero Resources stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the completion of the transaction, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Benjamin A. Hardesty sold 12,000 shares of the firm's stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total value of $528,000.00. Following the sale, the director directly owned 150,242 shares of the company's stock, valued at $6,610,648. This represents a 7.40% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 252,316 shares of company stock worth $9,977,259 over the last 90 days. Company insiders own 6.30% of the company's stock.

Antero Resources Stock Performance

Shares of AR stock opened at $35.81 on Friday. The company has a fifty day moving average price of $38.91 and a two-hundred day moving average price of $36.36. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75. The stock has a market cap of $11.10 billion, a P/E ratio of 11.63 and a beta of 0.36. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40.

Analyst Ratings Changes

Several analysts have issued reports on AR shares. Roth Mkm reissued a "neutral" rating and issued a $38.00 price target on shares of Antero Resources in a research note on Thursday, April 30th. UBS Group lifted their target price on Antero Resources from $54.00 to $56.00 and gave the company a "buy" rating in a research report on Friday, May 1st. Jefferies Financial Group reaffirmed a "buy" rating and set a $57.00 price target on shares of Antero Resources in a research report on Friday, May 1st. Wells Fargo & Company lifted their price objective on shares of Antero Resources from $49.00 to $52.00 and gave the company an "overweight" rating in a report on Friday, February 13th. Finally, Barclays raised their target price on shares of Antero Resources from $41.00 to $43.00 and gave the company an "equal weight" rating in a research report on Monday, March 16th. Four research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have issued a Hold rating to the company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $50.06.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company's operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero's portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.

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