Vontobel Holding Ltd. Increases Position in Antero Resources Co. (NYSE:AR)

Vontobel Holding Ltd. increased its holdings in shares of Antero Resources Co. (NYSE:AR - Free Report) by 283.1% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 44,338 shares of the oil and natural gas company's stock after buying an additional 32,764 shares during the quarter. Vontobel Holding Ltd.'s holdings in Antero Resources were worth $1,006,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of AR. Vanguard Group Inc. increased its holdings in Antero Resources by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,520,782 shares of the oil and natural gas company's stock worth $698,477,000 after purchasing an additional 113,864 shares in the last quarter. State Street Corp increased its stake 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 valued at $255,045,000 after buying an additional 519,552 shares during the period. Wellington Management Group LLP increased its stake 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 valued at $200,036,000 after buying an additional 2,814,127 shares during the period. Goldman Sachs Group Inc. increased its stake 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 valued at $193,043,000 after buying an additional 2,517,137 shares during the period. Finally, Renaissance Technologies LLC grew its stake in Antero Resources by 83.8% during 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 purchasing an additional 2,414,100 shares during the period. 83.04% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently commented on AR shares. Truist Financial decreased their target price on Antero Resources from $28.00 to $27.00 and set a "hold" rating for the company in a research note on Friday, April 5th. JPMorgan Chase & Co. increased their price target on Antero Resources from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, March 27th. Benchmark lowered Antero Resources from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. Raymond James increased their price target on Antero Resources from $28.00 to $32.00 and gave the stock a "strong-buy" rating in a report on Wednesday, January 24th. Finally, Wells Fargo & Company increased their price target on Antero Resources from $26.00 to $29.00 and gave the stock an "overweight" rating in a report on Wednesday, February 21st. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $30.69.

Antero Resources Stock Performance

Shares of NYSE AR traded up $0.43 during mid-day trading on Friday, hitting $29.29. The company had a trading volume of 3,526,771 shares, compared to its average volume of 3,799,737. The company has a market capitalization of $8.89 billion, a price-to-earnings ratio of 38.04 and a beta of 3.30. Antero Resources Co. has a 1 year low of $19.91 and a 1 year high of $30.90. The stock's 50-day moving average price is $26.87 and its 200-day moving average price is $25.26. The company has a current ratio of 0.33, a quick ratio of 0.33 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data 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. Antero Resources had a return on equity of 2.10% and a net margin of 5.19%. The company had revenue of $1.19 billion during the quarter, compared to analyst estimates of $1.17 billion. On average, sell-side analysts forecast that Antero Resources Co. will post 0.26 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Sheri Pearce sold 28,009 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares of the company's stock, valued at approximately $2,805,090.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In other news, insider Sheri Pearce sold 28,009 shares of the business's stock in a transaction dated Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the completion of the sale, the insider now owns 106,698 shares of the company's stock, valued at approximately $2,805,090.42. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the business's stock in a transaction dated Tuesday, March 12th. The shares were sold at an average price of $26.15, for a total value of $5,412,474.70. Following the transaction, the director now owns 3,793,022 shares in the company, valued at approximately $99,187,525.30. The disclosure for this sale can be found here. Insiders sold a total of 467,280 shares of company stock valued at $12,153,605 over the last 90 days. Insiders own 5.95% of the company's stock.

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.