Royal Bank of Canada Boosts Stock Holdings in Antero Resources Co. (NYSE:AR)

Royal Bank of Canada raised its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 100.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor 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 approximately 0.24% of Antero Resources worth $26,191,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also bought and sold shares of AR. Spire Wealth Management purchased a new stake in shares of Antero Resources during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB lifted its holdings in shares of Antero Resources by 205.2% during 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 during the last quarter. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 59.6% during the 4th 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 last quarter. Transcendent Capital Group LLC purchased a new stake in shares of Antero Resources during the 4th quarter valued at $56,000. Finally, Altshuler Shaham Ltd purchased a new position in Antero Resources in the 4th quarter worth $70,000. Institutional investors own 83.04% of the company's stock.

Analyst Ratings Changes

AR has been the subject of a number of research analyst reports. Williams Trading set a $48.00 target price on Antero Resources in a research note on Wednesday, March 5th. Barclays increased their price target on Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research report on Friday, February 14th. Bank of America increased their price target on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. UBS Group increased their price target on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. Finally, Raymond James reaffirmed a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Antero Resources has an average rating of "Moderate Buy" and a consensus price target of $43.33.

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 dated Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the completion of the sale, the director now directly owns 38,013 shares of the company's stock, valued at approximately $1,551,690.66. This represents a 96.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Yvette K. Schultz sold 25,200 shares of the company'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 completion of the sale, the insider now directly owns 306,819 shares of the company's stock, valued at $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. Insiders sold a total of 1,125,200 shares of company stock worth $45,887,466 over the last 90 days. Corporate insiders own 6.70% of the company's stock.

Antero Resources Stock Up 0.2%

Shares of NYSE:AR traded up $0.08 during trading on Thursday, hitting $39.05. The company's stock had a trading volume of 963,482 shares, compared to its average volume of 4,174,443. The business has a 50 day moving average price of $36.95 and a two-hundred day moving average price of $36.21. The company has a market capitalization of $12.13 billion, a PE ratio of 121.88 and a beta of 0.66. 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 Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63.

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