US Bancorp DE Buys 10,161 Shares of Antero Resources Corporation (NYSE:AR)

US Bancorp DE increased its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 15.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 77,459 shares of the oil and natural gas company's stock after purchasing an additional 10,161 shares during the quarter. US Bancorp DE's holdings in Antero Resources were worth $3,132,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of AR. CWM LLC boosted its holdings in Antero Resources by 109.6% in the 1st quarter. CWM LLC now owns 32,725 shares of the oil and natural gas company's stock worth $1,323,000 after buying an additional 17,113 shares during the last quarter. Slate Path Capital LP acquired a new stake in shares of Antero Resources in the fourth quarter worth approximately $35,471,000. Bessemer Group Inc. increased its position in shares of Antero Resources by 64.7% during the first quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after purchasing an additional 411 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. purchased a new stake in shares of Antero Resources during the first quarter worth approximately $538,000. Finally, OneDigital Investment Advisors LLC acquired a new position in Antero Resources in the 1st quarter valued at $284,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AR shares. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and upped their target price for the stock from $47.00 to $49.00 in a report on Tuesday, May 13th. UBS Group upped their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Scotiabank raised their target price on shares of Antero Resources from $46.00 to $53.00 and gave the stock a "sector outperform" rating in a research note on Friday, July 11th. Raymond James Financial boosted their target price on Antero Resources from $57.00 to $58.00 and gave the stock a "strong-buy" rating in a report on Tuesday, July 22nd. Finally, Bank of America increased their price target on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $43.53.

Insider Activity at Antero Resources

In other news, insider Yvette K. Schultz sold 25,200 shares of the stock in a transaction that occurred on Friday, May 16th. The shares were sold at an average price of $39.86, for a total value of $1,004,472.00. Following the completion of the transaction, the insider directly owned 306,819 shares in the company, valued at $12,229,805.34. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director W Howard Keenan, Jr. sold 38,013 shares of the company's stock in a transaction dated 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 sale, the director directly owned 364,992 shares of the company's stock, valued at $14,716,477.44. The trade was a 9.43% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is owned by insiders.

Antero Resources Trading Up 0.1%

Shares of AR stock traded up $0.04 during mid-day trading on Thursday, hitting $33.06. 2,935,021 shares of the company's stock were exchanged, compared to its average volume of 5,916,634. Antero Resources Corporation has a fifty-two week low of $24.53 and a fifty-two week high of $44.01. The stock has a 50-day simple moving average of $37.33 and a two-hundred day simple moving average of $37.47. The stock has a market cap of $10.21 billion, a price-to-earnings ratio of 21.06 and a beta of 0.64. 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 released its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share for the quarter, missing analysts' consensus estimates of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%. The company had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period in the previous year, the business posted ($0.21) EPS. The firm's quarterly revenue was up 32.6% compared to the same quarter last year. Equities analysts expect that Antero Resources Corporation 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.