Webs Creek Capital Management LP Takes $44.53 Million Position in Antero Resources Co. (NYSE:AR)

Webs Creek Capital Management LP acquired a new stake in shares of Antero Resources Co. (NYSE:AR - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 1,270,317 shares of the oil and natural gas company's stock, valued at approximately $44,525,000. Antero Resources accounts for about 10.7% of Webs Creek Capital Management LP's investment portfolio, making the stock its 3rd biggest holding. Webs Creek Capital Management LP owned approximately 0.41% of Antero Resources at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. Janney Montgomery Scott LLC boosted its holdings in shares of Antero Resources by 83.7% during the 4th quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company's stock valued at $928,000 after buying an additional 12,062 shares in the last quarter. Wealthfront Advisers LLC bought a new position in Antero Resources in the 4th quarter worth about $556,000. Slate Path Capital LP bought a new position in Antero Resources in the 4th quarter worth about $35,471,000. Allspring Global Investments Holdings LLC boosted its stake in Antero Resources by 1,423.0% in the 4th quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company's stock worth $304,000 after purchasing an additional 7,983 shares in the last quarter. Finally, Sei Investments Co. boosted its stake in Antero Resources by 7.3% in the 4th quarter. Sei Investments Co. now owns 178,183 shares of the oil and natural gas company's stock worth $6,246,000 after purchasing an additional 12,156 shares in the last quarter. Institutional investors own 83.04% of the company's stock.

Antero Resources Stock Up 0.4 %

NYSE AR traded up $0.13 on Tuesday, reaching $36.06. 2,398,152 shares of the stock traded hands, compared to its average volume of 4,127,449. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The company has a fifty day moving average price of $36.54 and a 200-day moving average price of $34.66. The company has a market cap of $11.22 billion, a price-to-earnings ratio of 112.61 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.

Antero Resources (NYSE:AR - Get Free Report) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.40 by $0.14. Antero Resources had a return on equity of 0.74% and a net margin of 2.31%. As a group, research analysts forecast that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the stock. Raymond James upped their price target on shares of Antero Resources from $44.00 to $60.00 and gave the stock a "strong-buy" rating in a research note on Thursday, January 23rd. Morgan Stanley reaffirmed an "overweight" rating and set a $58.00 price target on shares of Antero Resources in a report on Wednesday, March 26th. JPMorgan Chase & Co. boosted their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an "overweight" rating in a report on Thursday, March 13th. Barclays raised their target price on shares of Antero Resources from $36.00 to $38.00 and gave the stock an "equal weight" rating in a report on Friday, February 14th. Finally, Benchmark reaffirmed a "hold" rating on shares of Antero Resources in a research report on Friday, January 17th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $42.44.

Insider Buying and Selling

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the business's stock in a transaction dated Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total transaction of $7,952,000.00. Following the sale, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. The trade was a 10.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 6.70% of the stock is owned by company insiders.

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.