Swiss National Bank Sells 8,400 Shares of Antero Resources Corporation (NYSE:AR)

Swiss National Bank reduced its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 1.4% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 572,700 shares of the oil and natural gas company's stock after selling 8,400 shares during the quarter. Swiss National Bank owned 0.18% of Antero Resources worth $23,160,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. Beacon Harbor Wealth Advisors Inc. purchased a new position in shares of Antero Resources in the 1st quarter worth about $6,761,000. Deutsche Bank AG boosted its holdings in shares of Antero Resources by 34.7% in the 1st quarter. Deutsche Bank AG now owns 388,355 shares of the oil and natural gas company's stock worth $15,705,000 after purchasing an additional 100,065 shares in the last quarter. Altfest L J & Co. Inc. purchased a new position in shares of Antero Resources in the 1st quarter worth about $329,000. Charles Schwab Investment Management Inc. boosted its holdings in shares of Antero Resources by 2.1% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 2,003,424 shares of the oil and natural gas company's stock worth $81,018,000 after purchasing an additional 41,780 shares in the last quarter. Finally, MGB Wealth Management LLC purchased a new position in shares of Antero Resources in the 1st quarter worth about $1,287,000. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Stock Down 0.9%

Shares of NYSE:AR traded down $0.28 during trading on Friday, hitting $32.06. The stock had a trading volume of 5,643,114 shares, compared to its average volume of 5,297,857. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.01. The company has a market capitalization of $9.90 billion, a PE ratio of 20.42 and a beta of 0.64. The firm's fifty day moving average is $36.67 and its 200 day moving average is $37.19. The company has a quick ratio of 0.30, a current ratio of 0.30 and a debt-to-equity ratio of 0.15.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%. The firm had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. During the same period in the prior year, the company posted ($0.21) EPS. The firm's revenue was up 32.6% on a year-over-year basis. Analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on AR shares. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and increased their target price for the company from $47.00 to $49.00 in a report on Tuesday, May 13th. Scotiabank restated an "outperform" rating on shares of Antero Resources in a report on Wednesday. Barclays increased their target price on Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday, July 7th. Bank of America increased their target price on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. Finally, Wells Fargo & Company set a $39.00 target price on Antero Resources and gave the company an "equal weight" rating in a report on Tuesday, July 15th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and a consensus target price of $43.65.

Antero Resources Company 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.