Stonegate Investment Group LLC Takes $342,000 Position in Antero Resources Corporation (NYSE:AR)

Stonegate Investment Group LLC bought a new stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 8,447 shares of the oil and natural gas company's stock, valued at approximately $342,000.

Other hedge funds have also recently made changes to their positions in the company. Raymond James Financial Inc. bought a new position in Antero Resources in the fourth quarter worth about $140,020,000. Wellington Management Group LLP grew its holdings in shares of Antero Resources by 12.6% during the 4th 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 acquiring an additional 2,201,429 shares during the period. Assenagon Asset Management S.A. raised its position in shares of Antero Resources by 133.1% in the 1st 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 in the last quarter. Castle Hook Partners LP purchased a new position in shares of Antero Resources in the 4th quarter valued at approximately $60,980,000. Finally, Dimensional Fund Advisors LP boosted its position in shares of Antero Resources by 12.1% during the fourth quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock valued at $414,628,000 after purchasing an additional 1,274,760 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, insider Yvette K. Schultz sold 25,200 shares of the firm's stock in a transaction on 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 in the company, valued at $12,229,805.34. This trade represents a 7.59% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the company's 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 sale, the director now owns 364,992 shares of the company's stock, valued at approximately $14,716,477.44. This trade represents a 9.43% decrease in their position. The disclosure for this sale can be found here. Insiders sold 1,125,200 shares of company stock valued at $45,887,466 over the last three months. Insiders own 6.70% of the company's stock.

Wall Street Analysts Forecast Growth

AR has been the subject of a number of research reports. JPMorgan Chase & Co. increased their price objective on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Morgan Stanley reiterated an "overweight" rating and issued a $58.00 price target on shares of Antero Resources in a research note on Wednesday, March 26th. UBS Group lifted their price target on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research report on Wednesday, May 7th. Wells Fargo & Company cut their price objective on shares of Antero Resources from $42.00 to $40.00 and set an "equal weight" rating on the stock in a report on Monday, June 16th. Finally, TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and lifted their target price for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $43.22.

Antero Resources Stock Performance

Shares of NYSE:AR traded down $1.29 during midday trading on Wednesday, reaching $41.06. 3,795,915 shares of the company's stock traded hands, compared to its average volume of 4,266,262. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.39 and a current ratio of 0.39. Antero Resources Corporation has a one year low of $24.53 and a one year high of $44.02. The company has a market cap of $12.75 billion, a price-to-earnings ratio of 47.74 and a beta of 0.67. The stock has a 50 day moving average of $38.26 and a 200 day moving average of $37.32.

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 analysts' consensus estimates of $0.68 by $0.10. The business had revenue of $1.35 billion during the quarter, compared to analyst estimates of $1.28 billion. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. Antero Resources's revenue was up 20.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.12 EPS. As a group, equities research analysts anticipate that Antero Resources Corporation 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.