U S Global Investors Inc. Reduces Position in Antero Resources Corporation (NYSE:AR)

U S Global Investors Inc. trimmed its position in Antero Resources Corporation (NYSE:AR - Free Report) by 50.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 7,500 shares of the oil and natural gas company's stock after selling 7,500 shares during the period. U S Global Investors Inc.'s holdings in Antero Resources were worth $303,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in AR. Slate Path Capital LP bought a new position in shares of Antero Resources during the 4th quarter valued at $35,471,000. Wealthfront Advisers LLC purchased a new position in shares of Antero Resources in the fourth quarter worth about $556,000. Sei Investments Co. lifted its stake in shares of Antero Resources by 7.3% in the 4th 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. Proficio Capital Partners LLC purchased a new stake in Antero Resources during the 4th quarter valued at about $968,000. Finally, Janney Montgomery Scott LLC grew its position in Antero Resources by 75.5% during the 1st quarter. Janney Montgomery Scott LLC now owns 46,460 shares of the oil and natural gas company's stock worth $1,879,000 after acquiring an additional 19,993 shares during the last quarter. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have weighed in on AR shares. Raymond James Financial reiterated a "strong-buy" rating on shares of Antero Resources in a research report on Tuesday, May 13th. Bank of America increased their price target on shares of Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Morgan Stanley restated an "overweight" rating and issued a $58.00 price objective on shares of Antero Resources in a research report on Wednesday, March 26th. JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Finally, TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and raised their target price for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, seven have given 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 has a consensus rating of "Moderate Buy" and an average target price of $43.22.

Insider Activity

In related news, insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction dated 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 sale, the insider directly owned 306,819 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of Antero Resources stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total transaction of $43,350,309.34. Following the completion of the transaction, the director directly owned 38,013 shares of the company's stock, valued at $1,551,690.66. This trade represents a 96.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,125,200 shares of company stock valued at $45,887,466. 6.70% of the stock is owned by insiders.

Antero Resources Stock Down 6.5%

Shares of NYSE AR traded down $2.60 on Tuesday, reaching $37.68. 8,974,562 shares of the company's stock traded hands, compared to its average volume of 4,305,983. The business's 50 day simple moving average is $38.83 and its two-hundred day simple moving average is $37.60. Antero Resources Corporation has a 12 month low of $24.53 and a 12 month high of $44.02. The company has a market cap of $11.70 billion, a price-to-earnings ratio of 43.81 and a beta of 0.67. The company has a quick ratio of 0.39, a current ratio of 0.39 and a debt-to-equity ratio of 0.17.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The business had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the business earned $0.12 earnings per share. The firm's quarterly revenue was up 20.5% compared to the same quarter last year. As a group, equities research analysts forecast that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

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.