Antero Resources Co. (NYSE:AR) Shares Sold by South Dakota Investment Council

South Dakota Investment Council decreased its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 16.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 269,308 shares of the oil and natural gas company's stock after selling 53,400 shares during the period. South Dakota Investment Council owned about 0.09% of Antero Resources worth $6,108,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently bought and sold shares of AR. Wellington Management Group LLP lifted its stake in shares of Antero Resources by 55.5% during 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 acquiring an additional 2,814,127 shares during the period. Bank of New York Mellon Corp lifted its holdings in Antero Resources by 34.5% in the third quarter. Bank of New York Mellon Corp now owns 3,826,549 shares of the oil and natural gas company's stock valued at $97,118,000 after buying an additional 982,384 shares during the period. Assenagon Asset Management S.A. boosted its stake in Antero Resources by 129.5% in the fourth quarter. Assenagon Asset Management S.A. now owns 1,508,156 shares of the oil and natural gas company's stock valued at $34,205,000 after acquiring an additional 850,940 shares during the last quarter. Victory Capital Management Inc. grew its holdings in Antero Resources by 865.0% during the 3rd quarter. Victory Capital Management Inc. now owns 680,576 shares of the oil and natural gas company's stock worth $17,273,000 after acquiring an additional 610,051 shares during the period. Finally, Mesirow Institutional Investment Management Inc. bought a new stake in shares of Antero Resources during the 3rd quarter valued at $13,182,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Activity at Antero Resources

In related news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total value of $736,356.61. Following the transaction, the insider now owns 106,698 shares of the company's stock, valued at $2,805,090.42. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction on 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 owns 3,000,000 shares in the company, valued at approximately $77,550,000. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Sheri Pearce sold 28,009 shares of the company's stock in a transaction dated Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total transaction 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 have sold 467,280 shares of company stock valued at $12,153,605 over the last three months. 5.95% of the stock is owned by corporate insiders.

Antero Resources Stock Up 1.3 %

Antero Resources stock traded up $0.41 during mid-day trading on Wednesday, reaching $31.43. The stock had a trading volume of 7,272,080 shares, compared to its average volume of 4,819,211. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.33. Antero Resources Co. has a fifty-two week low of $19.91 and a fifty-two week high of $31.72. The stock's 50-day simple moving average is $27.25 and its 200-day simple moving average is $25.34. The firm has a market capitalization of $9.54 billion, a PE ratio of 40.83 and a beta of 3.30.

Antero Resources (NYSE:AR - Get Free Report) last issued its quarterly earnings data on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, beating the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 5.19% and a return on equity of 2.10%. The company had revenue of $1.19 billion during the quarter, compared to analysts' expectations of $1.17 billion. On average, sell-side analysts forecast that Antero Resources Co. will post 0.24 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts recently commented on AR shares. Barclays began coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They issued an "equal weight" rating and a $32.00 price objective for the company. JPMorgan Chase & Co. raised their target price on shares of Antero Resources from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, March 27th. Scotiabank upped their target price on shares of Antero Resources from $26.00 to $36.00 and gave the stock a "sector perform" rating in a research note on Thursday, April 11th. Truist Financial cut their price target on Antero Resources from $28.00 to $27.00 and set a "hold" rating on the stock in a report on Friday, April 5th. Finally, Benchmark lowered Antero Resources from a "buy" rating to a "hold" rating in a research report on Thursday, February 22nd. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $30.69.

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.