13,300 Shares in Antero Resources Corporation (NYSE:AR) Purchased by Sumitomo Mitsui Trust Group Inc.

Sumitomo Mitsui Trust Group Inc. acquired a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The institutional investor acquired 13,300 shares of the oil and natural gas company's stock, valued at approximately $538,000.

Several other hedge funds have also modified their holdings of the stock. Proficio Capital Partners LLC acquired a new position in Antero Resources in the fourth quarter valued at $968,000. SBI Securities Co. Ltd. acquired a new position in shares of Antero Resources in the 4th quarter valued at about $76,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Antero Resources by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,961,644 shares of the oil and natural gas company's stock worth $68,756,000 after purchasing an additional 32,220 shares during the period. Victory Capital Management Inc. increased its position in Antero Resources by 17.0% during the 4th quarter. Victory Capital Management Inc. now owns 863,161 shares of the oil and natural gas company's stock worth $30,254,000 after purchasing an additional 125,471 shares in the last quarter. Finally, M&T Bank Corp increased its position in Antero Resources by 3.3% during the 4th quarter. M&T Bank Corp now owns 24,955 shares of the oil and natural gas company's stock worth $875,000 after purchasing an additional 800 shares in the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Performance

Shares of AR stock traded down $0.18 on Monday, hitting $37.08. 4,678,182 shares of the stock traded hands, compared to its average volume of 4,345,789. The company has a market capitalization of $11.51 billion, a PE ratio of 43.12 and a beta of 0.68. The company's fifty day moving average is $39.08 and its 200 day moving average is $37.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.39 and a quick ratio of 0.39. 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 posted its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, beating the consensus estimate 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 net margin of 5.96% and a return on equity of 4.01%. The company's quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 EPS. On average, equities research analysts predict that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on AR shares. Wells Fargo & Company decreased their price objective on shares of Antero Resources from $42.00 to $40.00 and set an "equal weight" rating for the company in a research note on Monday, June 16th. Morgan Stanley reaffirmed an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a research report on Wednesday, March 26th. Bank of America raised their price objective on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. JPMorgan Chase & Co. lifted their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. Finally, Barclays raised their price target on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday. One equities 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 company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $43.50.

Insider Buying and Selling

In other news, insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $39.86, for a total transaction of $1,004,472.00. Following the sale, the insider directly owned 306,819 shares in the company, valued at approximately $12,229,805.34. This represents a 7.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the stock in a transaction on Tuesday, May 13th. The stock was 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 directly owned 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 90 days, insiders sold 1,125,200 shares of company stock valued at $45,887,466. 6.70% of the stock is currently owned by insiders.

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.