11,026 Shares in Antero Resources Co. (NYSE:AR) Bought by Quantinno Capital Management LP

Quantinno Capital Management LP purchased a new position in Antero Resources Co. (NYSE:AR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 11,026 shares of the oil and natural gas company's stock, valued at approximately $386,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. Oregon Public Employees Retirement Fund increased its holdings in Antero Resources by 0.5% during the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company's stock valued at $2,085,000 after buying an additional 300 shares during the period. Cetera Investment Advisers lifted its holdings in Antero Resources by 2.3% during 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 period. Net Worth Advisory Group boosted its position in Antero Resources by 2.2% during the 4th quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company's stock valued at $582,000 after acquiring an additional 354 shares in the last quarter. Mercer Global Advisors Inc. ADV increased its holdings in shares of 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 valued at $503,000 after acquiring an additional 370 shares during the period. Finally, Caprock Group LLC raised its position in shares of Antero Resources by 0.6% in the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company's stock worth $2,047,000 after acquiring an additional 374 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Price Performance

AR stock traded down $1.01 during trading on Friday, hitting $37.83. The stock had a trading volume of 1,904,274 shares, compared to its average volume of 4,182,264. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The stock has a market cap of $11.75 billion, a price-to-earnings ratio of 117.96 and a beta of 0.66. The company's 50 day moving average price is $36.90 and its two-hundred day moving average price is $36.26. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35.

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

Insiders Place Their Bets

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction dated 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 transaction, the director now directly owns 364,992 shares of the company's stock, valued at $14,716,477.44. The trade was a 9.43% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Yvette K. Schultz sold 25,200 shares of the firm's stock in a transaction on 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 transaction, the insider now directly owns 306,819 shares in the company, valued at approximately $12,229,805.34. This represents a 7.59% 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. Insiders own 6.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on AR. Bank of America boosted their price target on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research note on Friday, May 23rd. Raymond James reiterated a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. Morgan Stanley reissued an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. Wells Fargo & Company increased their price objective on Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. Finally, TD Cowen raised shares of Antero Resources from a "hold" rating to a "buy" rating and boosted their price target for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price 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.