Antero Resources Corporation (NYSE:AR) Shares Sold by VELA Investment Management LLC

VELA Investment Management LLC lowered its stake in Antero Resources Corporation (NYSE:AR - Free Report) by 24.0% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 56,080 shares of the oil and natural gas company's stock after selling 17,736 shares during the period. VELA Investment Management LLC's holdings in Antero Resources were worth $2,268,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of AR. Slate Path Capital LP purchased a new position in Antero Resources in the fourth quarter valued at $35,471,000. Wealthfront Advisers LLC acquired a new stake in shares of Antero Resources in the fourth quarter valued at approximately $556,000. Bessemer Group Inc. grew its holdings in Antero Resources by 64.7% in the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock valued at $42,000 after buying an additional 411 shares in the last quarter. Sequoia Financial Advisors LLC purchased a new stake in shares of Antero Resources in the first quarter valued at about $220,000. Finally, Sei Investments Co. grew its position in Antero Resources by 7.3% in the fourth quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock worth $6,246,000 after acquiring an additional 12,156 shares during the period. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the stock in a transaction dated Tuesday, May 13th. The stock was sold at an average price of $40.82, for a total value of $43,350,309.34. Following the transaction, the director owned 38,013 shares in the company, valued at approximately $1,551,690.66. This represents a 96.54% decrease in their position. The transaction 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 company's 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 of the company's stock, valued at $12,229,805.34. This trade represents a 7.59% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,125,200 shares of company stock worth $45,887,466. Company insiders own 6.70% of the company's stock.

Antero Resources Stock Down 0.5%

NYSE AR traded down $0.18 on Monday, hitting $37.08. 4,678,182 shares of the stock were exchanged, compared to its average volume of 4,345,789. 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 fifty-two week low of $24.53 and a fifty-two week high of $44.02. The company has a market cap of $11.51 billion, a PE ratio of 43.12 and a beta of 0.68. The company has a 50-day moving average price of $39.10 and a 200-day moving average price of $37.81.

Antero Resources (NYSE:AR - Get Free Report) last issued its earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping analysts' consensus estimates of $0.68 by $0.10. The firm had revenue of $1.35 billion during the quarter, compared to the consensus estimate of $1.28 billion. Antero Resources had a net margin of 5.96% and a return on equity of 4.01%. The company's revenue was up 20.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.12 earnings per share. Sell-side analysts anticipate that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on AR. UBS Group increased their target price on shares of Antero Resources from $41.00 to $43.00 and gave the stock a "neutral" rating in a research note on Wednesday, May 7th. Barclays lifted their target price on shares of Antero Resources from $38.00 to $43.00 and gave the company an "equal weight" rating in a report on Monday. TD Cowen upgraded shares of Antero Resources from a "hold" rating to a "buy" rating and lifted their target price for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. Bank of America lifted 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, May 23rd. Finally, JPMorgan Chase & Co. lifted their price objective on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research note on Thursday, March 13th. 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 assigned a strong buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $43.50.

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.