Vaughan Nelson Investment Management L.P. Buys 221,790 Shares of Antero Resources Co. (NYSE:AR)

Vaughan Nelson Investment Management L.P. raised its stake in shares of Antero Resources Co. (NYSE:AR - Free Report) by 13.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,914,798 shares of the oil and natural gas company's stock after acquiring an additional 221,790 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.62% of Antero Resources worth $77,434,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of AR. Choreo LLC bought a new position in Antero Resources during the 4th quarter valued at $217,000. Kestra Private Wealth Services LLC bought a new stake in shares of Antero Resources during the 4th quarter worth $447,000. Savant Capital LLC raised its stake in shares of Antero Resources by 19.2% during the 4th quarter. Savant Capital LLC now owns 9,621 shares of the oil and natural gas company's stock worth $337,000 after purchasing an additional 1,549 shares during the period. Allspring Global Investments Holdings LLC raised its stake in shares of Antero Resources by 1,423.0% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock worth $304,000 after purchasing an additional 7,983 shares during the period. Finally, Van ECK Associates Corp raised its stake in shares of Antero Resources by 43.1% during the 4th quarter. Van ECK Associates Corp now owns 745,770 shares of the oil and natural gas company's stock worth $26,139,000 after purchasing an additional 224,700 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on AR shares. Wells Fargo & Company lifted their target price on Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research note on Wednesday, March 19th. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and lifted their target price for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. JPMorgan Chase & Co. lifted their target price on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Raymond James reiterated a "strong-buy" rating on shares of Antero Resources in a research note on Tuesday, May 13th. Finally, Bank of America lifted their target price on Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, ten have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources presently has an average rating of "Moderate Buy" and a consensus price target of $43.33.

Insider Activity

In other news, insider Yvette K. Schultz sold 25,200 shares of Antero Resources stock in a transaction dated 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 owns 306,819 shares in the company, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director W Howard Keenan, Jr. sold 38,013 shares of Antero Resources stock in a transaction dated 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 sale, the director now owns 364,992 shares of the company's stock, valued at approximately $14,716,477.44. This trade represents a 9.43% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is currently owned by insiders.

Antero Resources Price Performance

AR stock traded up $1.61 during mid-day trading on Friday, reaching $41.65. 5,458,743 shares of the company traded hands, compared to its average volume of 4,253,361. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $12.93 billion, a P/E ratio of 130.14 and a beta of 0.67. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $42.63. The company has a fifty day moving average price of $36.94 and a 200-day moving average price of $36.79.

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