Victory Capital Management Inc. Purchases 26,565 Shares of Antero Resources Co. (NYSE:AR)

Victory Capital Management Inc. boosted its position in Antero Resources Co. (NYSE:AR - Free Report) by 3.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 707,141 shares of the oil and natural gas company's stock after purchasing an additional 26,565 shares during the period. Victory Capital Management Inc. owned 0.24% of Antero Resources worth $16,038,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in the company. Lindbrook Capital LLC lifted its holdings in Antero Resources by 81.5% during the 4th quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company's stock worth $34,000 after buying an additional 664 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Antero Resources during the 3rd quarter valued at approximately $47,000. Planned Solutions Inc. acquired a new stake in Antero Resources during the 4th quarter valued at approximately $45,000. GAMMA Investing LLC bought a new position in Antero Resources during the 4th quarter worth approximately $74,000. Finally, Payden & Rygel Investment Group acquired a new position in shares of Antero Resources in the 3rd quarter worth approximately $99,000. 83.04% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

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. 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 value of $5,412,474.70. Following the completion of the sale, the director now owns 3,793,022 shares of the company's stock, valued at $99,187,525.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director W Howard Keenan, Jr. sold 232,293 shares of Antero Resources stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $25.85, for a total transaction of $6,004,774.05. Following the sale, the director now directly owns 3,000,000 shares in the company, valued at approximately $77,550,000. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 877,280 shares of company stock worth $26,212,305. Corporate insiders own 5.95% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AR. Barclays started coverage on Antero Resources in a report on Wednesday, April 10th. They issued an "equal weight" rating and a $32.00 target price for the company. Scotiabank increased their target price on shares of Antero Resources from $36.00 to $40.00 and gave the stock a "sector perform" rating in a research note on Tuesday, April 30th. Benchmark cut shares of Antero Resources from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. Morgan Stanley upgraded shares of Antero Resources from an "equal weight" rating to an "overweight" rating and upped their price objective for the company from $26.00 to $36.00 in a report on Wednesday, April 17th. Finally, StockNews.com raised Antero Resources to a "sell" rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Hold" and an average target price of $32.08.

Antero Resources Stock Performance

Shares of NYSE:AR traded down $1.07 during trading on Friday, hitting $33.32. 3,475,434 shares of the company were exchanged, compared to its average volume of 5,087,202. Antero Resources Co. has a 52-week low of $19.91 and a 52-week high of $34.99. The stock has a 50 day moving average of $29.55 and a 200 day moving average of $25.87. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $10.36 billion, a PE ratio of 166.60 and a beta of 3.27.

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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.18 by $0.04. The company had revenue of $1.19 billion for the quarter, compared to the consensus estimate of $1.17 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. As a group, equities research analysts predict that Antero Resources Co. will post 0.29 EPS for the current year.

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.