Antero Resources Co. (NYSE:AR) Holdings Raised by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. raised its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 348.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 209,132 shares of the oil and natural gas company's stock after purchasing an additional 162,481 shares during the quarter. Raymond James Financial Services Advisors Inc. owned 0.07% of Antero Resources worth $4,743,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Antero Resources by 0.4% in the third quarter. Vanguard Group Inc. now owns 27,520,782 shares of the oil and natural gas company's stock worth $698,477,000 after buying an additional 113,864 shares in the last quarter. State Street Corp lifted its holdings in shares of Antero Resources by 4.9% in the first quarter. State Street Corp now owns 11,045,684 shares of the oil and natural gas company's stock worth $255,045,000 after buying an additional 519,552 shares in the last quarter. Wellington Management Group LLP lifted its holdings in shares of Antero Resources by 55.5% in the third quarter. Wellington Management Group LLP now owns 7,881,657 shares of the oil and natural gas company's stock worth $200,036,000 after buying an additional 2,814,127 shares in the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Antero Resources by 66.1% in the first quarter. Goldman Sachs Group Inc. now owns 6,323,092 shares of the oil and natural gas company's stock worth $193,043,000 after buying an additional 2,517,137 shares in the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of Antero Resources by 83.8% in the first quarter. Renaissance Technologies LLC now owns 5,293,239 shares of the oil and natural gas company's stock worth $122,221,000 after buying an additional 2,414,100 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 232,293 shares of the company's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total value of $6,004,774.05. Following the transaction, the director now directly owns 3,000,000 shares in the company, valued at $77,550,000. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other Antero Resources news, Director W Howard Keenan, Jr. sold 232,293 shares of the firm's stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the transaction, the director now owns 3,000,000 shares of the company's stock, valued at approximately $77,550,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the firm's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the transaction, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 467,280 shares of company stock worth $12,153,605. Insiders own 5.95% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on AR shares. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a "hold" rating to a "buy" rating and set a $32.00 price target on the stock in a research note on Wednesday, January 17th. JPMorgan Chase & Co. upped their price target on shares of Antero Resources from $30.00 to $32.00 and gave the company an "overweight" rating in a research note on Wednesday, March 27th. Truist Financial decreased their price target on shares of Antero Resources from $28.00 to $27.00 and set a "hold" rating on the stock in a research note on Friday. Wells Fargo & Company upped their price target on shares of Antero Resources from $26.00 to $29.00 and gave the company an "overweight" rating in a research note on Wednesday, February 21st. Finally, Benchmark downgraded shares of Antero Resources from a "buy" rating to a "hold" rating in a research note on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $29.18.

Antero Resources Trading Up 1.1 %

Shares of NYSE AR traded up $0.33 during mid-day trading on Friday, reaching $29.29. The company had a trading volume of 3,460,305 shares, compared to its average volume of 3,880,820. The business's 50-day moving average is $25.32 and its 200-day moving average is $24.90. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21. The stock has a market cap of $8.89 billion, a price-to-earnings ratio of 38.04 and a beta of 3.30. Antero Resources Co. has a 52 week low of $19.91 and a 52 week high of $30.90.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The firm had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.17 billion. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. Equities analysts expect that Antero Resources Co. will post 0.38 earnings per share 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.