Wealth Enhancement Advisory Services LLC Has $1.31 Million Holdings in Antero Resources Corporation (NYSE:AR)

Wealth Enhancement Advisory Services LLC raised its holdings in Antero Resources Corporation (NYSE:AR - Free Report) by 38.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 32,384 shares of the oil and natural gas company's stock after buying an additional 8,912 shares during the period. Wealth Enhancement Advisory Services LLC's holdings in Antero Resources were worth $1,310,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Cetera Investment Advisers lifted its stake in shares of Antero Resources by 2.3% in the 4th quarter. Cetera Investment Advisers now owns 14,060 shares of the oil and natural gas company's stock valued at $493,000 after purchasing an additional 319 shares during the period. Net Worth Advisory Group boosted its stake in Antero Resources by 2.2% in the 4th quarter. Net Worth Advisory Group now owns 16,597 shares of the oil and natural gas company's stock worth $582,000 after purchasing an additional 354 shares during the period. Mercer Global Advisors Inc. ADV grew its stake in shares of Antero Resources by 2.6% during 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 last quarter. Fifth Third Bancorp increased its stake in shares of Antero Resources by 17.2% in the first quarter. Fifth Third Bancorp now owns 3,008 shares of the oil and natural gas company's stock worth $122,000 after buying an additional 442 shares during the period. Finally, Stifel Financial Corp raised its position in shares of Antero Resources by 0.6% in the 4th quarter. Stifel Financial Corp now owns 84,530 shares of the oil and natural gas company's stock worth $2,963,000 after acquiring an additional 520 shares in the last quarter. 83.04% of the stock is owned by institutional investors.

Antero Resources Stock Up 1.2%

AR stock traded up $0.43 during mid-day trading on Thursday, hitting $37.63. The stock had a trading volume of 3,663,045 shares, compared to its average volume of 4,322,227. Antero Resources Corporation has a 1-year low of $24.53 and a 1-year high of $44.02. The company has a current ratio of 0.39, a quick ratio of 0.39 and a debt-to-equity ratio of 0.17. The stock has a market capitalization of $11.69 billion, a price-to-earnings ratio of 43.76 and a beta of 0.68. The company has a fifty day moving average of $38.98 and a 200 day moving average of $37.59.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.68 by $0.10. The business had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. Antero Resources had a return on equity of 4.01% and a net margin of 5.96%. Antero Resources's quarterly revenue was up 20.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.12 earnings per share. On average, equities analysts expect that Antero Resources Corporation will post 2.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AR shares. Bank of America raised their target price on shares of Antero Resources from $44.00 to $47.00 and gave the stock a "buy" rating in a report on Friday, May 23rd. Mizuho upgraded shares of Antero Resources from a "neutral" rating to an "outperform" rating and raised their target price for the company from $47.00 to $49.00 in a research note on Tuesday, May 13th. JPMorgan Chase & Co. boosted their price objective on Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Raymond James Financial reiterated a "strong-buy" rating on shares of Antero Resources in a report on Tuesday, May 13th. Finally, TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and upped their price target for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. 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 issued a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $43.22.

Insider Activity

In related news, Director W Howard Keenan, Jr. sold 38,013 shares of the stock in a transaction that occurred on Wednesday, May 14th. The stock was sold at an average price of $40.32, for a total transaction of $1,532,684.16. Following the sale, the director directly owned 364,992 shares in the company, valued at $14,716,477.44. This represents a 9.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,004,472.00. Following the sale, 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 1,125,200 shares of company stock worth $45,887,466. 6.70% of the stock is owned by insiders.

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.