Illinois Municipal Retirement Fund Invests $824,000 in Antero Resources Corporation (NYSE:AR)

Illinois Municipal Retirement Fund acquired a new stake in Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 20,380 shares of the oil and natural gas company's stock, valued at approximately $824,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AR. Slate Path Capital LP acquired a new position in shares of Antero Resources in the 4th quarter valued at $35,471,000. Wealthfront Advisers LLC bought a new stake in Antero Resources in the fourth quarter valued at about $556,000. Sei Investments Co. lifted its stake in Antero Resources by 7.3% in the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock valued at $6,246,000 after buying an additional 12,156 shares during the period. Wealth Enhancement Advisory Services LLC boosted its holdings in Antero Resources by 38.0% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 32,384 shares of the oil and natural gas company's stock worth $1,310,000 after buying an additional 8,912 shares during the last quarter. Finally, Proficio Capital Partners LLC acquired a new position in shares of Antero Resources during the 4th quarter worth about $968,000. 83.04% of the stock is owned by institutional investors.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction that occurred on 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 completion of the transaction, the director directly owned 364,992 shares in the company, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction on Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the transaction, the insider directly owned 306,819 shares of the company's stock, 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. Insiders sold 1,125,200 shares of company stock worth $45,887,466 in the last 90 days. Corporate insiders own 6.70% of the company's stock.

Analyst Ratings Changes

A number of analysts recently weighed in on AR shares. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and increased their price target for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and increased their target price for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Williams Trading set a $48.00 price target on shares of Antero Resources in a research report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Finally, UBS Group upped 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 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. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $43.22.

Antero Resources Stock Performance

NYSE AR traded up $0.11 on Thursday, hitting $37.31. 3,664,858 shares of the stock were exchanged, compared to its average volume of 4,322,230. The company has a market capitalization of $11.58 billion, a PE ratio of 43.38 and a beta of 0.68. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.39 and a quick ratio of 0.39. The business's fifty day moving average is $38.98 and its 200 day moving average is $37.59. Antero Resources Corporation has a 52 week low of $24.53 and a 52 week high of $44.02.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the firm earned $0.12 EPS. Antero Resources's quarterly revenue was up 20.5% compared to the same quarter last year. Research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

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.