National Bank of Canada FI Has $2.76 Million Stock Holdings in Antero Resources Co. (NYSE:AR)

National Bank of Canada FI increased its stake in Antero Resources Co. (NYSE:AR - Free Report) by 223.3% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 121,911 shares of the oil and natural gas company's stock after purchasing an additional 84,201 shares during the quarter. National Bank of Canada FI's holdings in Antero Resources were worth $2,758,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Sapient Capital LLC purchased a new position in Antero Resources during the 4th quarter valued at about $1,206,000. Axxcess Wealth Management LLC purchased a new position in Antero Resources during the 4th quarter valued at about $365,000. M&T Bank Corp increased its holdings in Antero Resources by 5.6% during the 4th quarter. M&T Bank Corp now owns 21,474 shares of the oil and natural gas company's stock valued at $487,000 after acquiring an additional 1,141 shares in the last quarter. Natixis Advisors L.P. increased its holdings in Antero Resources by 2.1% during the 4th quarter. Natixis Advisors L.P. now owns 134,856 shares of the oil and natural gas company's stock valued at $3,058,000 after acquiring an additional 2,737 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in Antero Resources by 3.9% during the 4th quarter. Victory Capital Management Inc. now owns 707,141 shares of the oil and natural gas company's stock valued at $16,038,000 after acquiring an additional 26,565 shares in the last quarter. Hedge funds and other institutional investors own 83.04% of the company's stock.

Insiders Place Their Bets

In related news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction dated 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 owns 106,698 shares of the company's stock, valued at approximately $2,805,090.42. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director W Howard Keenan, Jr. sold 300,000 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $34.23, for a total value of $10,269,000.00. Following the completion of the transaction, the director now owns 2,162,993 shares in the company, valued at approximately $74,039,250.39. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Sheri Pearce sold 28,009 shares of the 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 completion of the transaction, the insider now owns 106,698 shares of the company's stock, valued at approximately $2,805,090.42. The disclosure for this sale can be found here. Over the last three months, insiders have sold 877,280 shares of company stock valued at $26,212,305. Company insiders own 5.95% of the company's stock.

Antero Resources Stock Up 0.4 %

AR traded up $0.13 during trading on Monday, hitting $33.45. The company had a trading volume of 2,776,483 shares, compared to its average volume of 4,885,426. The company has a market cap of $10.40 billion, a PE ratio of 166.90 and a beta of 3.27. The business has a 50-day moving average of $29.55 and a 200-day moving average of $25.86. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. 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 issued its earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share 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 analysts' expectations of $1.17 billion. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. As a group, analysts forecast that Antero Resources Co. will post 0.33 earnings per share for the current year.

Analyst Ratings Changes

AR has been the subject of a number of analyst reports. Morgan Stanley raised shares of Antero Resources from an "equal weight" rating to an "overweight" rating and boosted their price objective for the company from $26.00 to $36.00 in a research report on Wednesday, April 17th. Tudor, Pickering, Holt & Co. raised shares of Antero Resources from a "hold" rating to a "buy" rating and set a $32.00 price objective for the company in a research report on Wednesday, January 17th. Truist Financial cut their price objective on shares of Antero Resources from $28.00 to $27.00 and set a "hold" rating for the company in a research report on Friday, April 5th. Barclays assumed 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. Finally, Wells Fargo & Company boosted their target price on shares of Antero Resources from $35.00 to $43.00 and gave the company an "overweight" rating in a report on Tuesday, April 30th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $32.69.

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.