Antero Resources Co. (NYSE:AR) Shares Purchased by Annandale Capital LLC

Annandale Capital LLC raised its position in shares of Antero Resources Co. (NYSE:AR) by 116.8% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 89,854 shares of the oil and natural gas company’s stock after acquiring an additional 48,400 shares during the period. Annandale Capital LLC’s holdings in Antero Resources were worth $3,149,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its holdings in shares of Antero Resources by 0.7% during the 4th quarter. Vanguard Group Inc. now owns 29,574,973 shares of the oil and natural gas company’s stock valued at $1,036,603,000 after acquiring an additional 214,060 shares in the last quarter. Wellington Management Group LLP raised its position in Antero Resources by 12.6% in the fourth 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 purchasing an additional 2,201,429 shares during the period. Geode Capital Management LLC lifted its stake in shares of Antero Resources by 1.3% during the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock worth $139,054,000 after purchasing an additional 61,490 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in shares of Antero Resources in the fourth quarter valued at about $140,020,000. Finally, Massachusetts Financial Services Co. MA grew its position in Antero Resources by 7.0% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 2,851,355 shares of the oil and natural gas company’s stock valued at $99,940,000 after acquiring an additional 186,727 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Antero Resources Price Performance

NYSE AR opened at $33.43 on Friday. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63. The firm has a market capitalization of $10.40 billion, a PE ratio of 104.47 and a beta of 3.38. The company’s 50 day simple moving average is $38.35 and its 200 day simple moving average is $33.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35.

Antero Resources (NYSE:AR) last issued 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 the consensus estimate 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, equities research analysts forecast that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on AR shares. The Goldman Sachs Group lifted their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Barclays upped their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research note on Friday, February 14th. UBS Group lifted their price target on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a research note on Thursday, February 13th. Truist Financial upped their price objective on Antero Resources from $28.00 to $38.00 and gave the company a “hold” rating in a research note on Monday, January 13th. Finally, Benchmark reiterated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $42.24.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred 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 $71,568,000. This represents 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 the SEC website. 6.70% of the stock is owned by corporate insiders.

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.