Swiss National Bank Sells 64,400 Shares of Antero Resources Co. (NYSE:AR)

Swiss National Bank trimmed its position in Antero Resources Co. (NYSE:AR - Free Report) by 10.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 562,400 shares of the oil and natural gas company's stock after selling 64,400 shares during the period. Swiss National Bank owned about 0.19% of Antero Resources worth $12,755,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. Oslo Asset Management AS lifted its position in Antero Resources by 150.0% during the fourth quarter. Oslo Asset Management AS now owns 300,000 shares of the oil and natural gas company's stock worth $6,804,000 after buying an additional 180,000 shares during the period. Cerity Partners LLC purchased a new position in shares of Antero Resources during the 4th quarter worth about $1,015,000. Assenagon Asset Management S.A. boosted its position in shares of 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 worth $34,205,000 after acquiring an additional 850,940 shares during the last quarter. Kailix Advisors LLC grew its holdings in Antero Resources by 28.4% in the fourth quarter. Kailix Advisors LLC now owns 1,914,213 shares of the oil and natural gas company's stock valued at $43,414,000 after purchasing an additional 423,017 shares during the period. Finally, Moors & Cabot Inc. increased its position in Antero Resources by 11.6% during the third quarter. Moors & Cabot Inc. now owns 14,685 shares of the oil and natural gas company's stock worth $373,000 after purchasing an additional 1,525 shares during the last quarter. 83.04% of the stock is owned by institutional investors and hedge funds.

Antero Resources Stock Down 3.1 %

AR stock traded down $1.07 during trading on Friday, reaching $33.32. The stock had a trading volume of 3,475,434 shares, compared to its average volume of 5,087,202. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The firm has a fifty day moving average price of $29.55 and a 200 day moving average price of $25.86. The company has a market capitalization of $10.36 billion, a P/E ratio of 166.60 and a beta of 3.27. Antero Resources Co. has a 1-year low of $19.91 and a 1-year high of $34.99.

Antero Resources (NYSE:AR - Get Free Report) last released its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 EPS for the quarter, topping 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 business had revenue of $1.19 billion for the quarter, compared to analysts' expectations of $1.17 billion. On average, equities analysts anticipate that Antero Resources Co. will post 0.33 earnings per share for the current year.

Insider Activity

In other news, Director W Howard Keenan, Jr. sold 100,000 shares of the business's stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $34.53, for a total value of $3,453,000.00. Following the completion of the sale, the director now owns 2,900,000 shares of the company's stock, valued at approximately $100,137,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director W Howard Keenan, Jr. sold 100,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total value of $3,453,000.00. Following the completion of the transaction, the director now owns 2,900,000 shares in the company, valued at approximately $100,137,000. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Sheri Pearce sold 28,009 shares of the company's stock in a transaction that occurred on Wednesday, March 13th. The shares were sold at an average price of $26.29, for a total value of $736,356.61. Following the sale, the insider now directly owns 106,698 shares in the company, valued at $2,805,090.42. The disclosure for this sale can be found here. In the last three months, insiders sold 877,280 shares of company stock worth $26,212,305. 5.95% of the stock is currently owned by insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on AR shares. Scotiabank lifted their price target on shares of Antero Resources from $36.00 to $40.00 and gave the company a "sector perform" rating in a report on Tuesday, April 30th. Truist Financial lowered their price target on Antero Resources from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, April 5th. Mizuho lifted their price objective on Antero Resources from $28.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, April 3rd. Wells Fargo & Company increased their target price on shares of Antero Resources from $35.00 to $43.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 30th. Finally, Morgan Stanley raised shares of Antero Resources from an "equal weight" rating to an "overweight" rating and lifted their price target for the company from $26.00 to $36.00 in a research report on Wednesday, April 17th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, Antero Resources has an average rating of "Hold" and an average target price of $32.08.

About Antero Resources

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.