Antero Resources Co. (NYSE:AR) Shares Purchased by Royal Bank of Canada

Royal Bank of Canada lifted its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 100.2% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 747,250 shares of the oil and natural gas company's stock after acquiring an additional 374,068 shares during the quarter. Royal Bank of Canada owned 0.24% of Antero Resources worth $26,191,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Spire Wealth Management purchased a new stake in Antero Resources during the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB boosted its holdings in Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock worth $48,000 after buying an additional 913 shares in the last quarter. UMB Bank n.a. boosted its holdings in Antero Resources by 59.6% during the fourth quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after buying an additional 523 shares in the last quarter. Transcendent Capital Group LLC purchased a new stake in Antero Resources during the fourth quarter worth $56,000. Finally, Altshuler Shaham Ltd purchased a new stake in Antero Resources during the fourth quarter worth $70,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Buying and Selling at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction dated 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 completion of the sale, the director now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Yvette K. Schultz sold 25,200 shares of Antero Resources 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 sale, the insider now owns 306,819 shares of the company's stock, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 1,125,200 shares of company stock worth $45,887,466 over the last three months. Insiders own 6.70% of the company's stock.

Analyst Ratings Changes

Several equities analysts have issued reports on the stock. Wells Fargo & Company increased their price objective on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. JPMorgan Chase & Co. increased their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Williams Trading set a $48.00 price objective on shares of Antero Resources in a report on Wednesday, March 5th. UBS Group increased their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. Finally, Bank of America increased their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and an average price target of $43.33.

Antero Resources Trading Up 1.6%

Antero Resources stock traded up $0.63 during midday trading on Tuesday, hitting $40.12. 2,673,449 shares of the stock were exchanged, compared to its average volume of 4,182,542. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The stock has a market capitalization of $12.46 billion, a price-to-earnings ratio of 125.36 and a beta of 0.66. The stock's 50-day simple moving average is $37.00 and its 200 day simple moving average is $36.16. 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 released its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same period last year, the business earned $0.12 earnings per share. Antero Resources's revenue was up 20.5% compared to the same quarter last year. On average, equities analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current year.

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.