Antero Resources Co. (NYSE:AR) Stake Cut by Guggenheim Capital LLC

Guggenheim Capital LLC lessened its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 72.4% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 9,743 shares of the oil and natural gas company's stock after selling 25,508 shares during the quarter. Guggenheim Capital LLC's holdings in Antero Resources were worth $341,000 at the end of the most recent quarter.

Other institutional investors also recently made changes to their positions in the company. Oregon Public Employees Retirement Fund grew its stake in Antero Resources by 0.5% in the fourth quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company's stock worth $2,085,000 after purchasing an additional 300 shares in the last quarter. Net Worth Advisory Group increased its holdings in shares of 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 valued at $582,000 after acquiring an additional 354 shares during the last quarter. Caprock Group LLC raised its position in shares of Antero Resources by 0.6% during the 4th quarter. Caprock Group LLC now owns 58,401 shares of the oil and natural gas company's stock valued at $2,047,000 after acquiring an additional 374 shares in the last quarter. Global Retirement Partners LLC lifted its stake in Antero Resources by 7.8% during the fourth quarter. Global Retirement Partners LLC now owns 5,323 shares of the oil and natural gas company's stock worth $187,000 after purchasing an additional 386 shares during the last quarter. Finally, GAMMA Investing LLC increased its stake in Antero Resources by 15.8% during the fourth quarter. GAMMA Investing LLC now owns 3,064 shares of the oil and natural gas company's stock valued at $107,000 after purchasing an additional 418 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Price Performance

AR traded up $0.63 during trading on Friday, reaching $35.28. The stock had a trading volume of 1,744,853 shares, compared to its average volume of 4,126,255. The stock has a 50 day moving average of $36.34 and a two-hundred day moving average of $34.72. The company has a quick ratio of 0.35, a current ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market capitalization of $10.97 billion, a price-to-earnings ratio of 110.26 and a beta of 3.08. Antero Resources Co. has a 1-year low of $24.53 and a 1-year high of $42.63.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings results on Wednesday, April 30th. The oil and natural gas company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The firm had revenue of $1.35 billion for the quarter, compared to analysts' expectations of $1.28 billion. During the same period in the previous year, the business earned $0.12 earnings per share. Antero Resources's revenue for the quarter was up 20.5% compared to the same quarter last year. As a group, equities analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now directly owns 1,800,000 shares of the company's stock, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 6.70% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Barclays lifted their price target on shares of Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a report on Friday, February 14th. TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and upped their target price for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. Raymond James raised their price target on Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a report on Thursday, January 23rd. Truist Financial boosted their price objective on Antero Resources from $28.00 to $38.00 and gave the company a "hold" rating in a research report on Monday, January 13th. Finally, StockNews.com upgraded Antero Resources to a "sell" rating in a research note on Thursday, February 13th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $42.44.

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.