Union Bancaire Privee UBP SA Has $142,000 Stock Position in Antero Resources Corporation (NYSE:AR)

Union Bancaire Privee UBP SA cut its stake in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 85.7% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 3,846 shares of the oil and natural gas company's stock after selling 23,062 shares during the period. Union Bancaire Privee UBP SA's holdings in Antero Resources were worth $142,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund raised its stake in Antero Resources by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company's stock worth $2,085,000 after purchasing an additional 300 shares in the last quarter. Cetera Investment Advisers increased its holdings in shares of Antero Resources by 2.3% during the fourth quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock worth $493,000 after purchasing an additional 319 shares during the period. Net Worth Advisory Group raised its position in shares of Antero Resources by 2.2% in the fourth quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company's stock valued at $582,000 after buying an additional 354 shares in the last quarter. Mercer Global Advisors Inc. ADV boosted its stake in shares of Antero Resources by 2.6% in the fourth quarter. Mercer Global Advisors Inc. ADV now owns 14,355 shares of the oil and natural gas company's stock valued at $503,000 after buying an additional 370 shares during the period. Finally, Global Retirement Partners LLC boosted its stake in shares of Antero Resources by 7.8% in the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company's stock valued at $187,000 after buying an additional 386 shares during the period. Institutional investors own 83.04% of the company's stock.

Analysts Set New Price Targets

AR has been the subject of several analyst reports. UBS Group lifted their price objective on Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a report on Wednesday, May 7th. JPMorgan Chase & Co. raised their price target on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research report on Thursday, March 13th. Bank of America upped their price objective on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. Morgan Stanley reiterated an "overweight" rating and set a $58.00 price objective on shares of Antero Resources in a research note on Wednesday, March 26th. Finally, Wells Fargo & Company dropped their target price on shares of Antero Resources from $42.00 to $40.00 and set an "equal weight" rating for the company in a research report on Monday. One analyst has rated the stock with a sell rating, seven have given a hold rating, ten have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $43.22.

Insider Activity

In other Antero Resources news, Director W Howard Keenan, Jr. sold 38,013 shares of the company'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 value of $1,532,684.16. Following the completion of the transaction, the director now directly owns 364,992 shares in the company, valued at approximately $14,716,477.44. This represents a 9.43% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Yvette K. Schultz sold 25,200 shares of the firm'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 transaction, the insider now directly owns 306,819 shares of the company's stock, valued at $12,229,805.34. The trade was a 7.59% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,125,200 shares of company stock valued at $45,887,466. 6.70% of the stock is currently owned by corporate insiders.

Antero Resources Price Performance

Shares of NYSE AR traded up $0.37 during midday trading on Tuesday, reaching $42.50. 3,238,284 shares of the company were exchanged, compared to its average volume of 4,251,815. The stock's 50-day moving average price is $37.29 and its 200-day moving average price is $36.93. The stock has a market cap of $13.20 billion, a P/E ratio of 49.42 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 Corporation has a one year low of $24.53 and a one year high of $42.79.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.10. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. The company had revenue of $1.35 billion for the quarter, compared to the consensus estimate of $1.28 billion. During the same quarter last year, the business posted $0.12 EPS. Antero Resources's revenue for the quarter was up 20.5% on a year-over-year basis. On average, sell-side analysts anticipate that Antero Resources Corporation 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.