Antero Resources Co. (NYSE:AR) Shares Bought by Northern Trust Corp

Northern Trust Corp lifted its holdings in Antero Resources Co. (NYSE:AR - Free Report) by 22.6% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 2,431,631 shares of the oil and natural gas company's stock after purchasing an additional 447,944 shares during the period. Northern Trust Corp owned about 0.78% of Antero Resources worth $85,229,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Janney Montgomery Scott LLC grew its position in shares of Antero Resources by 83.7% during the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock worth $928,000 after purchasing an additional 12,062 shares in the last quarter. Slate Path Capital LP bought a new stake in Antero Resources during the 4th quarter valued at about $35,471,000. Wealthfront Advisers LLC purchased a new stake in shares of Antero Resources in the 4th quarter worth $556,000. Allspring Global Investments Holdings LLC raised its holdings in shares of Antero Resources by 1,423.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock valued at $304,000 after purchasing an additional 7,983 shares in the last quarter. Finally, Sei Investments Co. boosted its position in Antero Resources by 7.3% during the 4th quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock valued at $6,246,000 after acquiring an additional 12,156 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Antero Resources Price Performance

NYSE:AR traded up $1.21 during trading hours on Wednesday, hitting $36.71. The company's stock had a trading volume of 4,451,302 shares, compared to its average volume of 4,143,427. The company has a market capitalization of $11.40 billion, a PE ratio of 114.72 and a beta of 0.66. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $42.63. The business's 50-day moving average is $36.28 and its two-hundred day moving average is $34.96. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data 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. 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 the consensus estimate of $1.28 billion. During the same quarter in the previous year, the firm earned $0.12 earnings per share. The firm's revenue was up 20.5% on a year-over-year basis. As a group, research analysts anticipate that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Analyst Ratings Changes

Several research analysts recently weighed in on AR shares. Williams Trading set a $48.00 target price on Antero Resources in a research note on Wednesday, March 5th. TD Cowen raised Antero Resources from a "hold" rating to a "buy" rating and increased their target price for the company from $40.00 to $46.00 in a report on Tuesday, April 8th. Raymond James boosted their price target on shares of Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. The Goldman Sachs Group lifted their price target on shares of Antero Resources from $39.00 to $44.00 and gave the company a "buy" rating in a research report on Thursday, January 23rd. Finally, Wells Fargo & Company upped their price objective on Antero Resources from $40.00 to $42.00 and gave the stock an "equal weight" rating in a research report on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Antero Resources presently has an average rating of "Moderate Buy" and an average target price of $42.39.

Insider Activity at Antero Resources

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares of the company's stock, valued at $71,568,000. This represents 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 accessible through the SEC website. 6.70% of the stock is currently owned by company insiders.

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.