Pinebridge Investments L.P. Has $3.20 Million Stock Holdings in Antero Resources Co. (NYSE:AR)

Pinebridge Investments L.P. lifted its position in Antero Resources Co. (NYSE:AR - Free Report) by 42.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 91,186 shares of the oil and natural gas company's stock after purchasing an additional 27,051 shares during the quarter. Pinebridge Investments L.P.'s holdings in Antero Resources were worth $3,196,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AR. Pinnacle Bancorp Inc. acquired a new position in shares of Antero Resources in the 4th quarter valued at $28,000. Spire Wealth Management acquired a new stake in Antero Resources in the fourth quarter valued at $31,000. Wilmington Savings Fund Society FSB grew its stake in Antero Resources by 205.2% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company's stock valued at $48,000 after acquiring an additional 913 shares during the last quarter. UMB Bank n.a. raised its position in shares of Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company's stock worth $49,000 after purchasing an additional 523 shares during the last quarter. Finally, Transcendent Capital Group LLC purchased a new position in Antero Resources in the 4th quarter valued at about $56,000. Institutional investors and hedge funds own 83.04% of the company's stock.

Insider Activity

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the company's stock in a transaction on Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now directly owns 1,800,000 shares in the company, valued at $71,568,000. The trade was a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 6.70% of the company's stock.

Analyst Upgrades and Downgrades

AR has been the subject of several recent analyst reports. Wells Fargo & Company lifted their price target on Antero Resources from $40.00 to $42.00 and gave the company an "equal weight" rating in a report on Wednesday, March 19th. Williams Trading set a $48.00 price target on shares of Antero Resources in a research note on Wednesday, March 5th. TD Cowen upgraded Antero Resources from a "hold" rating to a "buy" rating and upped their price objective for the stock from $40.00 to $46.00 in a report on Tuesday, April 8th. Raymond James raised their target price on Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a report on Thursday, January 23rd. Finally, Morgan Stanley reissued an "overweight" rating and issued a $58.00 price target on shares of Antero Resources in a report on Wednesday, March 26th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, nine have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.44.

Antero Resources Price Performance

Antero Resources stock traded down $0.12 during trading hours on Thursday, hitting $34.71. 3,342,951 shares of the stock were exchanged, compared to its average volume of 4,126,944. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The stock has a market capitalization of $10.80 billion, a P/E ratio of 108.38 and a beta of 3.08. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The business's 50-day moving average is $36.40 and its two-hundred day moving average is $34.67.

Antero Resources (NYSE:AR - Get Free Report) last posted its quarterly earnings data on Wednesday, April 30th. The oil and natural gas company reported $0.78 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.10. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. The firm had revenue of $1.35 billion during the quarter, compared to analysts' expectations of $1.28 billion. During the same quarter in the previous year, the company posted $0.12 EPS. Antero Resources's revenue was up 20.5% on a year-over-year basis. Equities research analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Antero Resources Company 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.