Jupiter Asset Management Ltd. Boosts Stock Holdings in Antero Resources Corporation $AR

Key Points

• Jupiter Asset Management boosted its stake in Antero Resources by 10.3% in the fourth quarter, buying 161,366 additional shares and bringing its total holding to 1,732,790 shares worth about $59.7 million.
• Institutional ownership remains very high, with 83.04% of Antero Resources’ stock held by institutional investors. Several other funds also increased or initiated positions during recent quarters.
• Wall Street sentiment is generally constructive, with analysts giving Antero Resources an average rating of “Moderate Buy” and a consensus price target of $50.06, though insiders recently sold shares under pre-arranged trading plans.

Jupiter Asset Management Ltd. increased its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 10.3% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,732,790 shares of the oil and natural gas company's stock after purchasing an additional 161,366 shares during the quarter. Jupiter Asset Management Ltd. owned about 0.56% of Antero Resources worth $59,712,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Root Financial Partners LLC bought a new stake in Antero Resources during the 3rd quarter worth approximately $26,000. Sunbelt Securities Inc. purchased a new position in shares of Antero Resources during the 3rd quarter valued at $30,000. IFP Advisors Inc increased its holdings in shares of Antero Resources by 59.2% in the third quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company's stock worth $31,000 after purchasing an additional 345 shares during the period. Sound Income Strategies LLC raised its position in shares of Antero Resources by 167.8% in the fourth quarter. Sound Income Strategies LLC now owns 1,824 shares of the oil and natural gas company's stock worth $59,000 after buying an additional 1,143 shares in the last quarter. Finally, Clearstead Advisors LLC raised its position in shares of Antero Resources by 100.1% in the third quarter. Clearstead Advisors LLC now owns 2,487 shares of the oil and natural gas company's stock worth $83,000 after buying an additional 1,244 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

Shares of Antero Resources stock opened at $35.81 on Friday. The company has a debt-to-equity ratio of 0.32, a current ratio of 0.40 and a quick ratio of 0.40. The business's 50 day simple moving average is $38.91 and its two-hundred day simple moving average is $36.36. The stock has a market capitalization of $11.10 billion, a P/E ratio of 11.63 and a beta of 0.36. Antero Resources Corporation has a one year low of $29.10 and a one year high of $45.75.

Wall Street Analysts Forecast Growth

AR has been the topic of a number of research analyst reports. Barclays upped their target price on Antero Resources from $41.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Monday, March 16th. Jefferies Financial Group reissued a "buy" rating and set a $57.00 price objective on shares of Antero Resources in a report on Friday, May 1st. Morgan Stanley upped their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the stock an "overweight" rating in a research report on Friday, April 17th. Bank of America lifted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Tuesday, April 21st. Finally, Weiss Ratings raised shares of Antero Resources from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Wednesday, May 13th. Four research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and five have given a Hold rating to the company. Based on data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $50.06.

Insider Buying and Selling

In related news, insider Michael N. Kennedy sold 185,826 shares of the firm's stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.33, for a total value of $7,308,536.58. Following the sale, the insider directly owned 1,085,192 shares of the company's stock, valued at $42,680,601.36. This trade represents a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction that occurred on Monday, May 4th. The stock was sold at an average price of $39.27, for a total value of $1,550,772.30. Following the completion of the sale, the insider owned 277,665 shares of the company's stock, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 252,316 shares of company stock valued at $9,977,259 over the last three months. 6.30% of the stock is owned by company insiders.

About Antero Resources

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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