Los Angeles Capital Management LLC Cuts Stock Holdings in Antero Resources Co. (NYSE:AR)

Los Angeles Capital Management LLC reduced its position in Antero Resources Co. (NYSE:AR - Free Report) by 91.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 9,845 shares of the oil and natural gas company's stock after selling 108,764 shares during the quarter. Los Angeles Capital Management LLC's holdings in Antero Resources were worth $223,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of AR. Vanguard Group Inc. lifted its stake in Antero Resources by 0.4% in the 3rd quarter. Vanguard Group Inc. now owns 27,520,782 shares of the oil and natural gas company's stock worth $698,477,000 after purchasing an additional 113,864 shares in the last quarter. Wellington Management Group LLP lifted its position in shares of Antero Resources by 55.5% in the third 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 in the last quarter. American Century Companies Inc. boosted its stake in Antero Resources by 19.4% during the third quarter. American Century Companies Inc. now owns 2,207,379 shares of the oil and natural gas company's stock valued at $56,023,000 after buying an additional 357,960 shares during the last quarter. Kailix Advisors LLC grew its holdings in Antero Resources by 28.4% during the 4th 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 buying an additional 423,017 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in Antero Resources by 4.7% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,722,074 shares of the oil and natural gas company's stock worth $43,706,000 after acquiring an additional 77,873 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Trading Up 1.6 %

AR traded up $0.52 on Tuesday, reaching $33.97. 2,970,679 shares of the company traded hands, compared to its average volume of 4,864,837. The company has a market cap of $10.56 billion, a P/E ratio of 166.75 and a beta of 3.27. The company has a quick ratio of 0.29, a current ratio of 0.29 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a one year low of $19.91 and a one year high of $34.99. The firm has a fifty day simple moving average of $29.69 and a two-hundred day simple moving average of $25.88.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings results on Wednesday, February 14th. The oil and natural gas company reported $0.22 earnings per share for the quarter, beating the consensus estimate of $0.18 by $0.04. Antero Resources had a net margin of 1.50% and a return on equity of 0.18%. The firm had revenue of $1.19 billion during the quarter, compared to the consensus estimate of $1.17 billion. As a group, equities research analysts expect that Antero Resources Co. will post 0.33 earnings per share for the current year.

Insiders Place Their Bets

In other Antero Resources 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 transaction of $736,356.61. Following the transaction, the insider now directly owns 106,698 shares in the company, valued at approximately $2,805,090.42. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Antero Resources news, insider Sheri Pearce sold 28,009 shares of the stock in a transaction on Wednesday, March 13th. The stock was sold at an average price of $26.29, for a total transaction 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Robert J. Clark sold 10,000 shares of the business's stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the transaction, the director now directly owns 69,963 shares of the company's stock, valued at $2,355,654.21. The disclosure for this sale can be found here. In the last ninety days, insiders sold 877,280 shares of company stock worth $26,212,305. 5.95% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AR has been the subject of a number of recent research reports. Benchmark lowered shares of Antero Resources from a "buy" rating to a "hold" rating in a report on Thursday, February 22nd. Scotiabank increased 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. Raymond James boosted their price objective 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. Barclays assumed coverage on Antero Resources in a research note on Wednesday, April 10th. They issued an "equal weight" rating and a $32.00 price objective for the company. Finally, JPMorgan Chase & Co. boosted their target price on Antero Resources from $30.00 to $32.00 and gave the company an "overweight" rating in a research report on Wednesday, March 27th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $32.69.

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.