Lloyd Harbor Capital Management LLC Invests $7.71 Million in Antero Resources Co. (NYSE:AR)

Lloyd Harbor Capital Management LLC purchased a new position in Antero Resources Co. (NYSE:AR - Free Report) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 220,000 shares of the oil and natural gas company's stock, valued at approximately $7,711,000. Antero Resources makes up 5.0% of Lloyd Harbor Capital Management LLC's holdings, making the stock its 8th largest holding. Lloyd Harbor Capital Management LLC owned 0.07% of Antero Resources as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Pinnacle Bancorp Inc. bought a new position in shares of Antero Resources during the 4th quarter valued at about $28,000. Spire Wealth Management bought a new position in shares of Antero Resources during the 4th quarter valued at about $31,000. Wilmington Savings Fund Society FSB boosted its holdings in shares of Antero Resources by 205.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after purchasing an additional 913 shares during the last quarter. UMB Bank n.a. boosted its holdings in shares of Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock valued at $49,000 after purchasing an additional 523 shares during the last quarter. Finally, Transcendent Capital Group LLC bought a new position in shares of Antero Resources during the 4th quarter valued at about $56,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Analysts Set New Price Targets

AR has been the subject of several research reports. Williams Trading set a $48.00 price objective on shares of Antero Resources in a report on Wednesday, March 5th. Mizuho raised shares of Antero Resources from a "neutral" rating to an "outperform" rating and increased their price target for the company from $47.00 to $49.00 in a report on Tuesday. Raymond James reaffirmed a "strong-buy" rating on shares of Antero Resources in a report on Tuesday. StockNews.com raised shares of Antero Resources to a "sell" rating in a report on Thursday, February 13th. Finally, Wells Fargo & Company increased their price target on shares of Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating, ten have given a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, Antero Resources currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.72.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 1,061,987 shares of the firm'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 sale, the director now directly owns 38,013 shares in the company, valued at $1,551,690.66. This trade represents a 96.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 1,300,000 shares of company stock valued at $52,834,994 over the last ninety days. 6.70% of the stock is owned by company insiders.

Antero Resources Trading Down 1.2%

Shares of NYSE:AR traded down $0.48 during trading on Friday, reaching $39.75. 3,289,402 shares of the company were exchanged, compared to its average volume of 4,193,325. The firm has a market capitalization of $12.34 billion, a PE ratio of 124.23 and a beta of 0.66. The business's fifty day simple moving average is $36.87 and its 200-day simple moving average is $35.60. 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 12-month low of $24.53 and a 12-month high of $42.63.

Antero Resources (NYSE:AR - Get Free Report) last issued 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 the consensus estimate of $0.68 by $0.10. The company had revenue of $1.35 billion for the quarter, compared to analyst estimates of $1.28 billion. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Antero Resources's revenue was up 20.5% compared to the same quarter last year. During the same period last year, the company posted $0.12 earnings per share. On average, research analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current year.

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.