TD Asset Management Inc Has $711,000 Stake in Antero Resources Corporation (NYSE:AR)

Key Points

• TD Asset Management Inc reduced its stake in Antero Resources Corporation by 74.1%, owning 17,582 shares worth $711,000 at the end of the recent reporting period.
• Recent insider activity included the sale of 38,013 shares by Director W Howard Keenan, Jr., and 25,200 shares by insider Yvette K. Schultz, contributing to a collective insider sell-off totaling 1,125,200 shares valued at approximately $45.9 million in the last quarter.
• Antero Resources received multiple upgrades from analysts, with the price target increased by various firms, including TD Cowen raising it to $46.00 and Morgan Stanley to $47.00, reflecting a generally positive outlook despite a recent earnings miss.

TD Asset Management Inc decreased its position in Antero Resources Corporation (NYSE:AR - Free Report) by 74.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 17,582 shares of the oil and natural gas company's stock after selling 50,218 shares during the quarter. TD Asset Management Inc's holdings in Antero Resources were worth $711,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Mascagni Wealth Management Inc. acquired a new stake in shares of Antero Resources in the fourth quarter valued at about $31,000. Capital A Wealth Management LLC acquired a new stake in shares of Antero Resources in the fourth quarter valued at about $35,000. Bessemer Group Inc. increased its position in shares of Antero Resources by 64.7% in the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after acquiring an additional 411 shares during the last quarter. North Star Investment Management Corp. acquired a new stake in shares of Antero Resources in the first quarter valued at about $44,000. Finally, Sunbelt Securities Inc. acquired a new stake in shares of Antero Resources in the first quarter valued at about $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 38,013 shares of the business's stock in a transaction that occurred on Wednesday, May 14th. The shares were sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the completion of the transaction, the director directly owned 364,992 shares in the company, valued at $14,716,477.44. The trade was a 9.43% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction that occurred 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 transaction, the insider owned 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 disclosure for this sale can be found here. Over the last quarter, insiders sold 1,125,200 shares of company stock valued at $45,887,466. 6.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

AR has been the topic of a number of recent research reports. TD Cowen raised 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 research report on Tuesday, April 8th. Morgan Stanley lifted their price target on Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a report on Monday. Raymond James Financial lifted their price target on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Mizuho upgraded Antero Resources from a "neutral" rating to an "outperform" rating and lifted their price target for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. Finally, Barclays lifted their price target on Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average price target of $43.53.

Antero Resources Trading Down 2.0%

Shares of NYSE:AR opened at $33.01 on Tuesday. Antero Resources Corporation has a 12-month low of $24.53 and a 12-month high of $44.01. The stock has a market cap of $10.20 billion, a PE ratio of 21.03 and a beta of 0.64. The business has a 50 day moving average of $37.70 and a 200-day moving average of $37.58. 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 issued its quarterly 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). The company had revenue of $1.30 billion during the quarter, compared to the consensus estimate of $1.30 billion. Antero Resources had a net margin of 10.13% and a return on equity of 6.48%. The company's quarterly revenue was up 32.6% on a year-over-year basis. During the same quarter last year, the firm posted ($0.21) earnings per share. As a group, equities research analysts forecast that Antero Resources Corporation will post 2.74 earnings per share for the current 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.

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