Kailix Advisors LLC Reduces Holdings in Antero Resources Corporation (NYSE:AR)

Kailix Advisors LLC lessened its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 41.7% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 286,004 shares of the oil and natural gas company's stock after selling 204,401 shares during the period. Antero Resources comprises 13.0% of Kailix Advisors LLC's holdings, making the stock its 3rd biggest position. Kailix Advisors LLC owned 0.09% of Antero Resources worth $11,566,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the business. Cetera Investment Advisers raised its holdings in shares of Antero Resources by 2.3% in the fourth 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 last quarter. World Investment Advisors grew its position in Antero Resources by 5.0% during the first quarter. World Investment Advisors now owns 7,105 shares of the oil and natural gas company's stock valued at $287,000 after buying an additional 341 shares during the period. Mercer Global Advisors Inc. ADV grew its position in shares of Antero Resources by 2.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock valued at $503,000 after purchasing an additional 370 shares during the period. Bessemer Group Inc. grew its position in shares of Antero Resources by 64.7% in the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after purchasing an additional 411 shares during the period. Finally, Ballentine Partners LLC grew its position in shares of Antero Resources by 7.1% in the first quarter. Ballentine Partners LLC now owns 6,282 shares of the oil and natural gas company's stock valued at $254,000 after purchasing an additional 419 shares during the period. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the company's stock in a transaction on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the transaction, the director directly owned 38,013 shares of the company's stock, valued at $1,551,690.66. This represents a 96.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction dated Friday, May 16th. The shares were sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the completion of the sale, the insider directly owned 306,819 shares in the company, valued at approximately $12,229,805.34. The trade was a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,125,200 shares of company stock worth $45,887,466. Corporate insiders own 6.70% of the company's stock.

Antero Resources Stock Down 0.4%

AR stock opened at $36.30 on Friday. The company has a fifty day moving average price of $39.12 and a 200 day moving average price of $37.94. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.02. The company has a market cap of $11.27 billion, a price-to-earnings ratio of 42.21 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.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data 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. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. Antero Resources's revenue was up 20.5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.12 EPS. Sell-side analysts expect that Antero Resources Corporation will post 2.74 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on AR. Barclays raised their price target on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a research note on Monday, July 7th. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the stock an "equal weight" rating in a research note on Tuesday. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Antero Resources in a research note on Tuesday, May 13th. Morgan Stanley reaffirmed an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research note on Wednesday, March 26th. Finally, UBS Group lifted their target price on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Antero Resources has an average rating of "Moderate Buy" and an average price target of $44.12.

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.

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