Wellington Management Group LLP Decreases Stock Holdings in Antero Resources Corporation $AR

Key Points

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Wellington Management Group LLP trimmed its position in shares of Antero Resources Corporation (NYSE:AR - Free Report) by 5.3% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund owned 18,626,023 shares of the oil and natural gas company's stock after selling 1,035,468 shares during the quarter. Wellington Management Group LLP owned about 6.00% of Antero Resources worth $753,236,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Mascagni Wealth Management Inc. purchased a new stake in shares of Antero Resources during the fourth quarter valued at about $31,000. Capital A Wealth Management LLC purchased a new position in shares of Antero Resources in the 4th quarter valued at approximately $35,000. Bessemer Group Inc. raised its position in shares of 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 purchasing an additional 411 shares during the last quarter. North Star Investment Management Corp. purchased a new position in shares of Antero Resources in the 1st quarter valued at approximately $44,000. Finally, Sunbelt Securities Inc. purchased a new position in shares of Antero Resources in the 1st quarter valued at approximately $56,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Antero Resources Price Performance

Antero Resources stock opened at $30.13 on Tuesday. The company's fifty day moving average price is $36.49 and its 200 day moving average price is $37.13. Antero Resources Corporation has a 1 year low of $24.53 and a 1 year high of $44.01. The stock has a market capitalization of $9.31 billion, a P/E ratio of 19.19 and a beta of 0.64. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30.

Antero Resources (NYSE:AR - Get Free Report) last announced its earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.68 by ($0.33). Antero Resources had a return on equity of 6.48% and a net margin of 10.13%. The business had revenue of $1.30 billion for the quarter, compared to analyst estimates of $1.30 billion. During the same period last year, the firm earned ($0.21) EPS. The company's revenue for the quarter was up 32.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Antero Resources Corporation will post 2.74 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several equities analysts recently commented on AR shares. Roth Capital lowered shares of Antero Resources from a "buy" rating to a "neutral" rating and decreased their price objective for the company from $44.00 to $32.00 in a research report on Monday. Bank of America increased their price target 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. Barclays increased their price target on shares of Antero Resources from $38.00 to $43.00 and gave the stock an "equal weight" rating in a report on Monday, July 7th. Wells Fargo & Company set a $39.00 price target on shares of Antero Resources and gave the stock an "equal weight" rating in a report on Tuesday, July 15th. Finally, Morgan Stanley raised their price objective on shares of Antero Resources from $46.00 to $47.00 and gave the stock an "overweight" rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Antero Resources currently has a consensus rating of "Moderate Buy" and an average target price of $43.00.

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.

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