Pallas Capital Advisors LLC Takes Position in Antero Resources Co. (NYSE:AR)

Pallas Capital Advisors LLC purchased a new stake in shares of Antero Resources Co. (NYSE:AR - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 8,781 shares of the oil and natural gas company's stock, valued at approximately $355,000.

Several other institutional investors have also added to or reduced their stakes in AR. Oregon Public Employees Retirement Fund grew its holdings in shares of Antero Resources by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company's stock worth $2,085,000 after purchasing an additional 300 shares during the last quarter. Cetera Investment Advisers boosted its position in Antero Resources by 2.3% during the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock valued at $493,000 after buying an additional 319 shares during the period. Net Worth Advisory Group grew its holdings in Antero Resources by 2.2% in the 4th quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company's stock worth $582,000 after acquiring an additional 354 shares during the last quarter. Mercer Global Advisors Inc. ADV grew its holdings in Antero Resources by 2.6% in the 4th quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock worth $503,000 after acquiring an additional 370 shares during the last quarter. Finally, Global Retirement Partners LLC increased its position in shares of Antero Resources by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company's stock valued at $187,000 after acquiring an additional 386 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Antero Resources

In other news, insider Yvette K. Schultz sold 25,200 shares of the company's stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the transaction, the insider now owns 306,819 shares in the company, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the firm's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the sale, the director now directly owns 364,992 shares of the company's stock, valued at $14,716,477.44. This trade represents a 9.43% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,125,200 shares of company stock valued at $45,887,466. 6.70% of the stock is owned by insiders.

Antero Resources Stock Up 4.0%

Shares of Antero Resources stock traded up $1.61 during midday trading on Friday, hitting $41.65. The company had a trading volume of 5,458,743 shares, compared to its average volume of 4,244,113. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $42.63. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The stock has a market capitalization of $12.93 billion, a P/E ratio of 130.14 and a beta of 0.67. The company has a 50 day moving average of $36.75 and a 200 day moving average of $36.70.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The company's quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the prior year, the firm posted $0.12 earnings per share. On average, equities analysts predict that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on AR. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and lifted their price objective for the stock from $47.00 to $49.00 in a research report on Tuesday, May 13th. Williams Trading set a $48.00 price target on shares of Antero Resources in a report on Wednesday, March 5th. JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and raised their target price for the stock from $40.00 to $46.00 in a research report on Tuesday, April 8th. Finally, Raymond James reiterated a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources has a consensus rating of "Moderate Buy" and an average price target of $43.33.

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.