1,194,712 Shares in Antero Resources Corporation (NYSE:AR) Bought by Stephens Investment Management Group LLC

Stephens Investment Management Group LLC acquired a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,194,712 shares of the oil and natural gas company's stock, valued at approximately $48,314,000. Stephens Investment Management Group LLC owned 0.38% of Antero Resources as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of AR. Wellington Management Group LLP lifted its position in Antero Resources by 12.6% during the fourth quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock worth $689,135,000 after purchasing an additional 2,201,429 shares during the period. Assenagon Asset Management S.A. lifted its holdings in shares of Antero Resources by 133.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,743,957 shares of the oil and natural gas company's stock worth $151,406,000 after acquiring an additional 2,137,538 shares during the last quarter. Castle Hook Partners LP bought a new position in shares of Antero Resources in the fourth quarter worth about $60,980,000. Dimensional Fund Advisors LP lifted its holdings in shares of Antero Resources by 12.1% in the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock worth $414,628,000 after acquiring an additional 1,274,760 shares during the last quarter. Finally, Webs Creek Capital Management LP bought a new position in shares of Antero Resources in the fourth quarter worth about $44,525,000. Institutional investors own 83.04% of the company's stock.

Analysts Set New Price Targets

AR has been the subject of a number of research reports. Wells Fargo & Company set a $39.00 target price on shares of Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday. Bank of America increased their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. UBS Group increased their target price on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a report on Wednesday, May 7th. TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and upped their price objective for the company from $40.00 to $46.00 in a research note on Tuesday, April 8th. Finally, Morgan Stanley reaffirmed an "overweight" rating and issued a $58.00 price objective on shares of Antero Resources in a research note on Wednesday, March 26th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $44.12.

Antero Resources Trading Down 0.2%

NYSE:AR traded down $0.09 on Wednesday, reaching $36.23. 4,519,801 shares of the stock traded hands, compared to its average volume of 4,423,810. The firm has a market capitalization of $11.25 billion, a price-to-earnings ratio of 42.13 and a beta of 0.68. The company's 50 day moving average is $39.19 and its 200-day moving average is $37.90. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.17. Antero Resources Corporation has a 1-year low of $24.53 and a 1-year high of $44.02.

Antero Resources (NYSE:AR - Get Free Report) last released its earnings results 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 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 5.96% and a return on equity of 4.01%. The company's revenue for the quarter was up 20.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.12 EPS. Equities research analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Insider Buying and Selling at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total value of $1,532,684.16. Following the completion of the sale, the director owned 364,992 shares in the company, valued at $14,716,477.44. The trade was a 9.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Yvette K. Schultz sold 25,200 shares of Antero Resources 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 sale, the insider owned 306,819 shares of the company's stock, valued at $12,229,805.34. This represents a 7.59% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 1,125,200 shares of company stock valued at $45,887,466 in the last quarter. 6.70% of the stock is currently owned by company insiders.

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.