XTX Topco Ltd Invests $642,000 in Antero Resources Corporation (NYSE:AR)

Key Points

• XTX Topco Ltd has invested approximately $642,000 in Antero Resources Corporation, acquiring 15,863 shares during the first quarter.
• Insider activity has been significant, with insider Yvette K. Schultz selling 25,200 shares worth over $1 million and Director W Howard Keenan, Jr. selling over 1 million shares, representing a dramatic decrease in their ownership stakes.
• Several analysts have raised their price targets for Antero Resources, with Scotiabank setting a new target of $53.00 and Bank of America adjusting theirs to $47.00, indicating a generally positive outlook on the stock.

XTX Topco Ltd acquired a new position in shares of Antero Resources Corporation (NYSE:AR - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 15,863 shares of the oil and natural gas company's stock, valued at approximately $642,000.

Other hedge funds have also added to or reduced their stakes in the company. Mascagni Wealth Management Inc. acquired a new stake in Antero Resources during the 4th quarter worth $31,000. Capital A Wealth Management LLC acquired a new stake in Antero Resources during the 4th quarter worth $35,000. Bessemer Group Inc. raised its stake in Antero Resources by 64.7% during the 1st quarter. Bessemer Group Inc. now owns 1,046 shares of the oil and natural gas company's stock worth $42,000 after buying an additional 411 shares during the period. North Star Investment Management Corp. acquired a new stake in Antero Resources during the 1st quarter worth $44,000. Finally, Sunbelt Securities Inc. acquired a new stake in Antero Resources during the 1st quarter worth $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Transactions at Antero Resources

In related 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 transaction, the insider owned 306,819 shares in the company, valued at approximately $12,229,805.34. This trade represents a 7.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director W Howard Keenan, Jr. sold 1,061,987 shares of Antero Resources 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 of the company's stock, valued at $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 valued at $45,887,466 in the last quarter. 6.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several analysts have issued reports on AR shares. Scotiabank lifted their price target on Antero Resources from $46.00 to $53.00 and gave the company a "sector outperform" rating in a research note on Friday, July 11th. UBS Group lifted their price target on Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Wells Fargo & Company set a $39.00 price target on Antero Resources and gave the company an "equal weight" rating in a research note on Tuesday, July 15th. Bank of America lifted their price target 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, Morgan Stanley lifted their price target on Antero Resources from $46.00 to $47.00 and gave the company an "overweight" rating in a research note on Monday. One research analyst has rated the stock with a sell rating, seven have given a hold rating, nine have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $43.53.

Antero Resources Price Performance

NYSE:AR opened at $33.30 on Wednesday. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.30 and a current ratio of 0.30. The stock's 50-day simple moving average is $37.57 and its 200 day simple moving average is $37.55. The company has a market cap of $10.29 billion, a P/E ratio of 21.21 and a beta of 0.64. Antero Resources Corporation has a 52-week low of $24.53 and a 52-week high of $44.01.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, July 30th. The oil and natural gas company reported $0.35 EPS for the quarter, missing analysts' consensus estimates 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 the consensus estimate of $1.30 billion. During the same quarter in the previous year, the business posted ($0.21) EPS. The company's revenue for the quarter was up 32.6% on a year-over-year basis. As a group, sell-side analysts forecast that Antero Resources Corporation 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.

Want to see what other hedge funds are holding AR? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Antero Resources Corporation (NYSE:AR - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.