Journey Strategic Wealth LLC Invests $333,000 in Antero Resources Corporation (NYSE:AR)

Key Points

• Journey Strategic Wealth LLC invested approximately $333,000 in Antero Resources, acquiring 8,238 shares during the first quarter.
• Several hedge funds have increased their stakes in Antero Resources, including Ninepoint Partners, which invested $20.22 million.
• Antero Resources received positive analyst upgrades, with analysts raising price targets and most giving the stock an average rating of "Moderate Buy."

Journey Strategic Wealth LLC bought a new stake in Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 8,238 shares of the oil and natural gas company's stock, valued at approximately $333,000.

Several other large investors also recently bought and sold shares of the company. Mascagni Wealth Management Inc. purchased a new stake in shares of Antero Resources in the fourth quarter valued at $31,000. Capital A Wealth Management LLC purchased a new position in Antero Resources during the fourth quarter worth about $35,000. Bessemer Group Inc. lifted 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 period. North Star Investment Management Corp. purchased a new position in Antero Resources during the first quarter worth about $44,000. Finally, Sunbelt Securities Inc. purchased a new position in Antero Resources during the first quarter worth about $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of the business's stock in a transaction on 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 sale, the director owned 364,992 shares of the company's stock, valued at approximately $14,716,477.44. The trade was a 9.43% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction on 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 completion of the sale, the insider directly owned 306,819 shares in the company, valued at $12,229,805.34. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,125,200 shares of company stock worth $45,887,466. Company insiders own 6.70% of the company's stock.

Antero Resources Stock Performance

AR stock traded down $0.77 during trading on Friday, reaching $32.49. 4,800,632 shares of the company's stock were exchanged, compared to its average volume of 5,736,660. Antero Resources Corporation has a 1-year low of $24.53 and a 1-year high of $44.01. The firm has a market cap of $10.09 billion, a PE ratio of 37.78 and a beta of 0.68. The company's fifty day moving average price is $38.39 and its 200-day moving average price is $37.82. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.17.

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 earnings per share 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 business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the business earned $0.12 earnings per share. The company's revenue was up 20.5% on a year-over-year basis. On average, research analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms recently weighed in on AR. Scotiabank increased their target price on Antero Resources from $46.00 to $53.00 and gave the stock a "sector outperform" rating in a research report on Friday, July 11th. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and increased their target price for the stock from $40.00 to $46.00 in a research report on Tuesday, April 8th. Wells Fargo & Company reduced their target price on Antero Resources from $41.00 to $39.00 and set an "equal weight" rating on the stock in a research report on Tuesday, July 15th. Raymond James Financial upped their price target on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a research note on Tuesday. Finally, UBS Group upped their price target on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and a consensus target price of $44.18.

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.