Two Sigma Investments LP Boosts Stake in Antero Resources Co. (NYSE:AR)

Two Sigma Investments LP lifted its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 1,071.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 409,515 shares of the oil and natural gas company's stock after purchasing an additional 374,561 shares during the period. Two Sigma Investments LP owned about 0.13% of Antero Resources worth $14,354,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Spire Wealth Management purchased a new stake in Antero Resources in the fourth quarter valued at approximately $31,000. Wilmington Savings Fund Society FSB raised its position in Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after purchasing an additional 913 shares during the last quarter. UMB Bank n.a. boosted its stake in Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after purchasing an additional 523 shares during the period. Transcendent Capital Group LLC purchased a new position in Antero Resources during the 4th quarter worth $56,000. Finally, Altshuler Shaham Ltd acquired a new position in Antero Resources in the fourth quarter valued at $70,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the 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. This represents a 96.54% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Yvette K. Schultz sold 25,200 shares of the firm's 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 completion of the sale, the insider now directly owns 306,819 shares in the company, valued at $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 ninety days, insiders have sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

AR has been the topic of a number of recent analyst reports. Barclays upped their price target on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a research note on Friday, February 14th. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and lifted their price target for the company from $40.00 to $46.00 in a research report on Tuesday, April 8th. Mizuho raised Antero Resources from a "neutral" rating to an "outperform" rating and boosted their price target for the stock from $47.00 to $49.00 in a research note on Tuesday, May 13th. 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 note on Friday. Finally, UBS Group boosted their target price on Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research report on Wednesday, May 7th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and an average target price of $43.33.

Antero Resources Trading Up 1.8%

NYSE AR traded up $0.73 during mid-day trading on Tuesday, reaching $40.22. 1,460,930 shares of the stock were exchanged, compared to its average volume of 4,178,075. The stock has a market capitalization of $12.49 billion, a PE ratio of 125.70 and a beta of 0.66. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63. The business's fifty day simple moving average is $37.00 and its 200 day simple moving average is $36.16.

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