Antero Resources Co. (NYSE:AR) Position Boosted by Tower Research Capital LLC TRC

Tower Research Capital LLC TRC grew its stake in Antero Resources Co. (NYSE:AR - Free Report) by 100.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 21,860 shares of the oil and natural gas company's stock after purchasing an additional 10,955 shares during the period. Tower Research Capital LLC TRC's holdings in Antero Resources were worth $766,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Antero Resources by 0.7% during the fourth quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company's stock worth $1,036,603,000 after acquiring an additional 214,060 shares during the last quarter. Wellington Management Group LLP raised its holdings in Antero Resources by 12.6% in the 4th quarter. Wellington Management Group LLP now owns 19,661,491 shares of the oil and natural gas company's stock valued at $689,135,000 after buying an additional 2,201,429 shares during the period. Dimensional Fund Advisors LP raised its holdings in Antero Resources by 12.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 11,829,263 shares of the oil and natural gas company's stock valued at $414,628,000 after buying an additional 1,274,760 shares during the period. Raymond James Financial Inc. acquired a new position in Antero Resources in the fourth quarter valued at about $140,020,000. Finally, Massachusetts Financial Services Co. MA boosted its stake in Antero Resources by 7.0% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company's stock worth $99,940,000 after buying an additional 186,727 shares during the period. Institutional investors and hedge funds own 83.04% of the company's stock.

Antero Resources Price Performance

Shares of AR traded up $1.08 during trading hours on Friday, reaching $35.73. The company had a trading volume of 2,370,998 shares, compared to its average volume of 5,258,783. The firm has a 50 day simple moving average of $36.34 and a 200-day simple moving average of $34.72. The company has a market capitalization of $11.11 billion, a price-to-earnings ratio of 111.65 and a beta of 3.08. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. Antero Resources Co. has a 12-month low of $24.53 and a 12-month high of $42.63.

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

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the stock. JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the stock an "overweight" rating in a report on Thursday, March 13th. Truist Financial upped their price target on Antero Resources from $28.00 to $38.00 and gave the stock a "hold" rating in a research note on Monday, January 13th. Barclays lifted their price objective on Antero Resources from $36.00 to $38.00 and gave the company an "equal weight" rating in a research note on Friday, February 14th. Morgan Stanley reissued an "overweight" rating and set a $58.00 target price on shares of Antero Resources in a research note on Wednesday, March 26th. Finally, Raymond James lifted their target price on Antero Resources from $44.00 to $60.00 and gave the company a "strong-buy" rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating, nine have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Antero Resources currently has a consensus rating of "Moderate Buy" and an average target price of $42.44.

Insider Buying and Selling

In related 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 transaction of $7,952,000.00. Following the completion of the sale, the director now directly owns 1,800,000 shares of the company's stock, valued at approximately $71,568,000. This represents a 10.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 6.70% of the stock is currently owned by company insiders.

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.