Kailix Advisors LLC Grows Stake in Antero Resources Co. (NYSE:AR)

Kailix Advisors LLC raised its position in Antero Resources Co. (NYSE:AR - Free Report) by 28.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,914,213 shares of the oil and natural gas company's stock after acquiring an additional 423,017 shares during the quarter. Antero Resources makes up about 24.4% of Kailix Advisors LLC's holdings, making the stock its biggest holding. Kailix Advisors LLC owned about 0.64% of Antero Resources worth $43,414,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Wellington Management Group LLP grew its stake in shares of Antero Resources by 55.5% during the 3rd 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 purchasing an additional 2,814,127 shares during the period. Bank of New York Mellon Corp grew its position 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 acquiring an additional 982,384 shares in the last quarter. Assenagon Asset Management S.A. grew its position 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 in the last quarter. Victory Capital Management Inc. grew its position in Antero Resources by 865.0% in the third quarter. Victory Capital Management Inc. now owns 680,576 shares of the oil and natural gas company's stock valued at $17,273,000 after acquiring an additional 610,051 shares in the last quarter. Finally, Mesirow Institutional Investment Management Inc. acquired a new stake in shares of Antero Resources during the third quarter worth approximately $13,182,000. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insiders Place Their Bets

In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the firm's 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 sale, the insider now owns 106,698 shares of the company's stock, valued at approximately $2,805,090.42. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director W Howard Keenan, Jr. sold 206,978 shares of the firm'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 sale, the director now owns 3,793,022 shares of the company's stock, valued at approximately $99,187,525.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the firm's 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 directly 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 a total of 467,280 shares of company stock worth $12,153,605 in the last 90 days. Company insiders own 5.95% of the company's stock.

Antero Resources Stock Up 1.2 %

NYSE AR traded up $0.41 during trading hours on Friday, hitting $33.80. 7,919,516 shares of the company traded hands, compared to its average volume of 4,347,436. The business's 50-day moving average is $27.85 and its 200-day moving average is $25.46. Antero Resources Co. has a twelve month low of $19.91 and a twelve month high of $34.24. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.33 and a current ratio of 0.29. The stock has a market capitalization of $10.51 billion, a price-to-earnings ratio of 169.00 and a beta of 3.30.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings data on Thursday, April 25th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.04 by ($0.01). The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.06 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. Antero Resources's quarterly revenue was down 20.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.48 EPS. Sell-side analysts anticipate that Antero Resources Co. will post 0.33 earnings per share for the current year.

Wall Street Analysts Forecast Growth

AR has been the topic of several research analyst reports. Mizuho raised their price objective on Antero Resources from $28.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 3rd. Wells Fargo & Company increased their price target on Antero Resources from $26.00 to $29.00 and gave the company an "overweight" rating in a research report on Wednesday, February 21st. Morgan Stanley upgraded Antero Resources from an "equal weight" rating to an "overweight" rating and raised their price objective for the stock from $26.00 to $36.00 in a research report on Wednesday, April 17th. Scotiabank raised their price objective on Antero Resources from $26.00 to $36.00 and gave the stock a "sector perform" rating in a research report on Thursday, April 11th. Finally, Raymond James raised their price target on Antero Resources from $28.00 to $32.00 and gave the stock a "strong-buy" rating in a research note on Wednesday, January 24th. One analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Antero Resources has an average rating of "Hold" and an average target price of $30.69.

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.