Lloyd Harbor Capital Management LLC Buys New Holdings in Antero Resources Co. (NYSE:AR)

Lloyd Harbor Capital Management LLC purchased a new stake in shares of Antero Resources Co. (NYSE:AR - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 220,000 shares of the oil and natural gas company's stock, valued at approximately $7,711,000. Antero Resources comprises about 5.0% of Lloyd Harbor Capital Management LLC's investment portfolio, making the stock its 8th largest position. Lloyd Harbor Capital Management LLC owned about 0.07% of Antero Resources at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in AR. Raymond James Financial Inc. acquired a new position in Antero Resources in the fourth quarter valued at approximately $140,020,000. Wellington Management Group LLP raised its position in shares of Antero Resources by 12.6% during the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock valued at $689,135,000 after acquiring an additional 2,201,429 shares during the last quarter. Castle Hook Partners LP acquired a new position in shares of Antero Resources in the 4th quarter valued at $60,980,000. Dimensional Fund Advisors LP lifted its stake in shares of Antero Resources by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock valued at $414,628,000 after purchasing an additional 1,274,760 shares during the period. Finally, Webs Creek Capital Management LP bought a new position in shares of Antero Resources in the 4th quarter worth $44,525,000. 83.04% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

AR has been the subject of several recent analyst reports. Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research note on Friday, January 17th. JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a research report on Thursday, March 13th. The Goldman Sachs Group lifted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a "buy" rating in a report on Thursday, January 23rd. UBS Group boosted their target price on Antero Resources from $41.00 to $43.00 and gave the company a "neutral" rating in a research note on Wednesday, May 7th. Finally, StockNews.com raised Antero Resources to a "sell" rating in a research report on Thursday, February 13th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, ten have issued a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $42.72.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of Antero Resources stock in a transaction dated 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 completion of the sale, the director now 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 SEC, which is available at this hyperlink. 6.70% of the stock is currently owned by insiders.

Antero Resources Stock Performance

Shares of NYSE:AR traded down $0.31 during mid-day trading on Thursday, reaching $40.19. The company had a trading volume of 3,560,999 shares, compared to its average volume of 4,176,630. The company's 50-day moving average price is $36.68 and its 200-day moving average price is $35.38. Antero Resources Co. has a one year low of $24.53 and a one year high of $42.63. The firm has a market cap of $12.48 billion, a price-to-earnings ratio of 125.60 and a beta of 0.66. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21.

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