Antero Resources Co. (NYSE:AR) Stock Position Lowered by Rafferty Asset Management LLC

Rafferty Asset Management LLC cut its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 10.8% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 203,161 shares of the oil and natural gas company's stock after selling 24,663 shares during the period. Rafferty Asset Management LLC owned 0.07% of Antero Resources worth $7,121,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the business. Pinnacle Bancorp Inc. purchased a new position in Antero Resources in the fourth quarter valued at approximately $28,000. Spire Wealth Management acquired a new stake in shares of Antero Resources in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB increased its holdings in Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after purchasing an additional 913 shares in the last quarter. UMB Bank n.a. raised its position in Antero Resources by 59.6% in the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after purchasing an additional 523 shares during the period. Finally, Transcendent Capital Group LLC acquired a new position in shares of Antero Resources during the fourth quarter worth about $56,000. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Antero Resources

In other Antero Resources news, insider Yvette K. Schultz sold 25,200 shares of the firm's 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 transaction, the insider now owns 306,819 shares of the company's stock, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the business's stock in a transaction dated Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the sale, the director now owns 364,992 shares in the company, valued at $14,716,477.44. This trade represents a 9.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders 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

Antero Resources stock traded down $0.07 during mid-day trading on Thursday, reaching $39.04. The company's stock had a trading volume of 2,187,313 shares, compared to its average volume of 4,179,367. The firm has a market cap of $12.12 billion, a price-to-earnings ratio of 122.00 and a beta of 0.66. Antero Resources Co. has a twelve month low of $24.53 and a twelve month high of $42.63. The business has a 50 day moving average price of $37.03 and a 200-day moving average price of $35.82. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping 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 firm had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. During the same period last year, the company earned $0.12 earnings per share. The firm's revenue for the quarter was up 20.5% on a year-over-year basis. Sell-side analysts predict that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on the company. Wall Street Zen upgraded Antero Resources to a "sell" rating in a research note on Thursday, February 13th. The Goldman Sachs Group lifted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research note on Thursday, January 23rd. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and upped their target price for the company from $47.00 to $49.00 in a research note on Tuesday, May 13th. JPMorgan Chase & Co. lifted their price target on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Finally, Wells Fargo & Company upped their price objective on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a research report on Wednesday, March 19th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $42.72.

Antero Resources Company 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.