Antero Resources Co. (NYSE:AR) Shares Sold by California Public Employees Retirement System

California Public Employees Retirement System lessened its position in shares of Antero Resources Co. (NYSE:AR - Free Report) by 7.3% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 504,280 shares of the oil and natural gas company's stock after selling 39,778 shares during the quarter. California Public Employees Retirement System owned approximately 0.17% of Antero Resources worth $11,437,000 at the end of the most recent quarter.

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

Insider Transactions at Antero Resources

In other news, Director W Howard Keenan, Jr. sold 206,978 shares of Antero Resources stock in a transaction that occurred on 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 completion of the transaction, the director now owns 3,793,022 shares in the company, valued at $99,187,525.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of Antero Resources stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the completion of the sale, the director now owns 69,963 shares of the company's stock, valued at $2,355,654.21. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 206,978 shares of the business's stock in a transaction that occurred on Tuesday, March 12th. The stock was sold at an average price of $26.15, for a total value 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 $99,187,525.30. The disclosure for this sale can be found here. Over the last three months, insiders sold 477,280 shares of company stock worth $12,490,305. Company insiders own 5.95% of the company's stock.

Antero Resources Trading Down 0.0 %

Shares of NYSE AR traded down $0.01 during trading hours on Thursday, hitting $32.65. 5,813,795 shares of the company traded hands, compared to its average volume of 4,998,466. The stock has a market capitalization of $10.15 billion, a price-to-earnings ratio of 163.33 and a beta of 3.27. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 12 month low of $19.91 and a 12 month high of $34.69. The company's 50 day moving average price is $28.41 and its 200 day moving average price is $25.60.

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 0.18% and a net margin of 1.50%. The firm had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. On average, equities research analysts anticipate that Antero Resources Co. will post 0.33 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Scotiabank increased their price target on Antero Resources from $36.00 to $40.00 and gave the stock a "sector perform" rating in a research report on Tuesday. Raymond James raised their price target on Antero Resources from $28.00 to $32.00 and gave the company a "strong-buy" rating in a research note on Wednesday, January 24th. Truist Financial dropped their price target 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. Barclays started coverage on Antero Resources in a research note on Wednesday, April 10th. They set an "equal weight" rating and a $32.00 price target on the stock. Finally, JPMorgan Chase & Co. upped their price objective on Antero Resources from $30.00 to $32.00 and gave the stock an "overweight" rating in a report on Wednesday, March 27th. 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 given a strong buy rating to the stock. According to MarketBeat, Antero Resources currently has a consensus rating of "Hold" and an average price target of $32.08.

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.