Sourcerock Group LLC Purchases 231,068 Shares of Antero Resources Co. (NYSE:AR)

Sourcerock Group LLC grew its stake in Antero Resources Co. (NYSE:AR - Free Report) by 3.8% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,355,724 shares of the oil and natural gas company's stock after purchasing an additional 231,068 shares during the period. Antero Resources makes up about 15.9% of Sourcerock Group LLC's portfolio, making the stock its biggest position. Sourcerock Group LLC owned about 2.04% of Antero Resources worth $222,768,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also modified their holdings of AR. Spire Wealth Management bought a new position in Antero Resources during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB grew its holdings in 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. grew its holdings in 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 bought a new stake in shares of Antero Resources during the fourth quarter worth $56,000. Finally, Altshuler Shaham Ltd bought a new stake in shares of Antero Resources during the fourth quarter worth $70,000. 83.04% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

AR has been the subject of several research analyst reports. Raymond James reiterated a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. Morgan Stanley reiterated an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research report on Wednesday, March 26th. JPMorgan Chase & Co. lifted their target price on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Bank of America lifted their target price on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday. Finally, 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 note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $43.33.

Insider Transactions at Antero Resources

In other news, insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction dated Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the transaction, the insider now directly 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the 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 transaction, the director now directly owns 38,013 shares in the company, valued at $1,551,690.66. This represents a 96.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,125,200 shares of company stock valued at $45,887,466. Corporate insiders own 6.70% of the company's stock.

Antero Resources Stock Up 1.0%

AR stock traded up $0.41 during trading on Friday, reaching $39.46. 2,894,021 shares of the company traded hands, compared to its average volume of 4,184,150. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The business has a 50 day simple moving average of $37.03 and a 200 day simple moving average of $35.99. The company has a market capitalization of $12.25 billion, a price-to-earnings ratio of 123.31 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 (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. The firm's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.12 earnings per share. On average, equities research analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current fiscal year.

About Antero Resources

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.