Two Sigma Investments LP Acquires 374,561 Shares of Antero Resources Co. (NYSE:AR)

Two Sigma Investments LP lifted its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 1,071.6% during the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 409,515 shares of the oil and natural gas company's stock after buying an additional 374,561 shares during the quarter. Two Sigma Investments LP owned approximately 0.13% of Antero Resources worth $14,354,000 as of its most recent filing with the SEC.

A number of other large investors also recently modified their holdings of the business. Janney Montgomery Scott LLC grew its stake in shares of Antero Resources by 83.7% in the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock worth $928,000 after purchasing an additional 12,062 shares during the last quarter. Slate Path Capital LP purchased a new position in Antero Resources during the fourth quarter valued at approximately $35,471,000. Wealthfront Advisers LLC purchased a new position in Antero Resources during the fourth quarter valued at approximately $556,000. Allspring Global Investments Holdings LLC lifted its stake in Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock valued at $304,000 after acquiring an additional 7,983 shares during the last quarter. Finally, Sei Investments Co. lifted its stake in Antero Resources by 7.3% in the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock valued at $6,246,000 after acquiring an additional 12,156 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of analysts have recently weighed in on AR shares. UBS Group boosted their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. JPMorgan Chase & Co. boosted their price target on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Raymond James reissued a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. Wells Fargo & Company increased their target price on shares of Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. Finally, TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and increased their target price for the stock from $40.00 to $46.00 in a research report on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Antero Resources presently has a consensus rating of "Moderate Buy" and a consensus price target of $43.33.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the business's stock in a transaction dated Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the transaction, the director now directly owns 38,013 shares in the company, valued at $1,551,690.66. The trade was a 96.54% decrease in their position. The transaction 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 company's 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 transaction, the insider now owns 306,819 shares in the company, 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. Insiders have sold 1,125,200 shares of company stock worth $45,887,466 over the last ninety days. Insiders own 6.70% of the company's stock.

Antero Resources Trading Down 1.6%

Antero Resources stock traded down $0.63 during midday trading on Wednesday, hitting $39.54. 819,922 shares of the stock were exchanged, compared to its average volume of 4,169,478. The company has a fifty day simple moving average of $36.98 and a two-hundred day simple moving average of $36.19. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.63. The stock has a market capitalization of $12.28 billion, a PE ratio of 123.73 and a beta of 0.66. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.68 by $0.10. The firm had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The business's quarterly revenue was up 20.5% on a year-over-year basis. During the same period last year, the company posted $0.12 EPS. Equities research analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

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.