Antero Resources Co. (NYSE:AR) is Oslo Asset Management AS's 6th Largest Position

Oslo Asset Management AS lifted its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 150.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 300,000 shares of the oil and natural gas company's stock after purchasing an additional 180,000 shares during the quarter. Antero Resources accounts for about 8.1% of Oslo Asset Management AS's portfolio, making the stock its 6th biggest position. Oslo Asset Management AS owned about 0.10% of Antero Resources worth $6,804,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the business. Belpointe Asset Management LLC raised its position in Antero Resources by 195.2% in the 1st quarter. Belpointe Asset Management LLC now owns 1,553 shares of the oil and natural gas company's stock valued at $36,000 after buying an additional 1,027 shares during the last quarter. Itau Unibanco Holding S.A. acquired a new stake in Antero Resources in the 3rd quarter valued at approximately $47,000. Planned Solutions Inc. acquired a new stake in Antero Resources in the 4th quarter valued at approximately $45,000. US Bancorp DE raised its position in Antero Resources by 3,532.9% in the 1st quarter. US Bancorp DE now owns 2,543 shares of the oil and natural gas company's stock valued at $78,000 after buying an additional 2,473 shares during the last quarter. Finally, CWM LLC raised its position in Antero Resources by 33.9% in the 3rd quarter. CWM LLC now owns 2,990 shares of the oil and natural gas company's stock valued at $76,000 after buying an additional 757 shares during the last quarter. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Stock Performance

AR traded down $0.40 during trading on Friday, hitting $29.78. The stock had a trading volume of 3,029,526 shares, compared to its average volume of 4,852,026. The company has a 50 day moving average price of $26.10 and a 200-day moving average price of $25.10. The firm has a market cap of $9.04 billion, a price-to-earnings ratio of 38.68 and a beta of 3.30. Antero Resources Co. has a one year low of $19.91 and a one year high of $30.90. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.33 and a quick ratio of 0.33.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.18 by $0.04. The business had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. As a group, research analysts predict that Antero Resources Co. will post 0.25 EPS for the current year.

Insider Activity at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the company's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the sale, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director W Howard Keenan, Jr. sold 206,978 shares of the company's stock in a transaction on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total transaction of $5,412,474.70. Following the completion of the sale, the director now directly owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the company's stock in a transaction on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the sale, the insider now owns 106,698 shares of the company's stock, valued at $2,805,090.42. The disclosure for this sale can be found here. Insiders sold 467,280 shares of company stock worth $12,153,605 in the last ninety days. 5.95% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the company. Truist Financial dropped their target price on Antero Resources from $28.00 to $27.00 and set a "hold" rating on the stock in a research report on Friday, April 5th. Wells Fargo & Company boosted their price target on Antero Resources from $26.00 to $29.00 and gave the stock an "overweight" rating in a research report on Wednesday, February 21st. Barclays initiated coverage on Antero Resources in a research report on Wednesday. They set an "equal weight" rating and a $32.00 price target on the stock. JPMorgan Chase & Co. boosted their price target on Antero Resources from $30.00 to $32.00 and gave the stock an "overweight" rating in a research report on Wednesday, March 27th. Finally, Benchmark lowered Antero Resources from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $29.92.

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.