Voloridge Investment Management LLC Invests $4.17 Million in Antero Resources Co. (NYSE:AR)

Voloridge Investment Management LLC purchased a new position in Antero Resources Co. (NYSE:AR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund purchased 118,855 shares of the oil and natural gas company's stock, valued at approximately $4,166,000.

Several other hedge funds have also modified their holdings of the company. Vident Advisory LLC lifted its stake in shares of Antero Resources by 4.3% during the 4th quarter. Vident Advisory LLC now owns 33,388 shares of the oil and natural gas company's stock worth $1,170,000 after purchasing an additional 1,385 shares during the last quarter. Sourcerock Group LLC lifted its position in Antero Resources by 3.8% during the fourth quarter. Sourcerock Group LLC now owns 6,355,724 shares of the oil and natural gas company's stock worth $222,768,000 after buying an additional 231,068 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Antero Resources in the fourth quarter valued at $8,766,000. Two Sigma Investments LP grew its stake in shares of Antero Resources by 1,071.6% in the fourth quarter. Two Sigma Investments LP now owns 409,515 shares of the oil and natural gas company's stock valued at $14,354,000 after buying an additional 374,561 shares in the last quarter. Finally, Tidal Investments LLC grew its stake in Antero Resources by 172.9% during the 4th quarter. Tidal Investments LLC now owns 23,061 shares of the oil and natural gas company's stock worth $808,000 after purchasing an additional 14,612 shares in the last quarter. 83.04% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Antero Resources

In other news, insider Yvette K. Schultz sold 25,200 shares of the business's stock in a transaction that occurred on Friday, May 16th. The stock was sold at an average price of $39.86, for a total value of $1,004,472.00. Following the transaction, the insider now owns 306,819 shares in the company, valued at $12,229,805.34. The trade was a 7.59% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of the company's stock in a transaction that occurred on Tuesday, May 13th. The shares were sold at an average price of $40.82, for a total value of $43,350,309.34. Following the completion of the transaction, the director now owns 38,013 shares in the company, valued at approximately $1,551,690.66. The trade was a 96.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 1,125,200 shares of company stock worth $45,887,466 over the last quarter. Corporate insiders own 6.70% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on AR shares. TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and increased their target price for the stock from $40.00 to $46.00 in a research note on Tuesday, April 8th. JPMorgan Chase & Co. boosted their price objective on Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a research note on Thursday, March 13th. Wells Fargo & Company boosted their price objective on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. UBS Group boosted 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. Finally, Bank of America boosted their price objective on Antero Resources from $44.00 to $47.00 and gave the company a "buy" rating in a report on Friday, May 23rd. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $43.33.

Antero Resources Stock Down 3.6%

NYSE:AR traded down $1.40 on Friday, hitting $37.44. 6,576,863 shares of the company's stock were exchanged, compared to its average volume of 4,201,523. The firm has a 50-day moving average price of $36.82 and a 200-day moving average price of $36.34. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. Antero Resources Co. has a 52 week low of $24.53 and a 52 week high of $42.63. The company has a market cap of $11.63 billion, a P/E ratio of 117.00 and a beta of 0.66.

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 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The company had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the prior year, the firm earned $0.12 EPS. Antero Resources's quarterly revenue was up 20.5% compared to the same quarter last year. As a group, analysts expect that Antero Resources Co. 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.