10,000 Shares in Antero Resources Co. (NYSE:AR) Acquired by IPG Investment Advisors LLC

IPG Investment Advisors LLC purchased a new stake in Antero Resources Co. (NYSE:ARFree Report) during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 10,000 shares of the oil and natural gas company’s stock, valued at approximately $227,000.

Several other hedge funds have also added to or reduced their stakes in the business. Lindbrook Capital LLC raised its position in shares of Antero Resources by 81.5% in the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after purchasing an additional 664 shares during the period. Itau Unibanco Holding S.A. acquired a new stake in Antero Resources during the third quarter worth approximately $47,000. Planned Solutions Inc. bought a new stake in shares of Antero Resources during the fourth quarter worth approximately $45,000. Quadrant Capital Group LLC grew its position in shares of Antero Resources by 28.0% in the fourth quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after purchasing an additional 602 shares during the last quarter. Finally, GAMMA Investing LLC bought a new position in shares of Antero Resources during the fourth quarter worth approximately $74,000. Institutional investors and hedge funds own 83.04% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on AR shares. JPMorgan Chase & Co. boosted their price target on Antero Resources from $30.00 to $32.00 and gave the company an “overweight” rating in a research note on Wednesday, March 27th. Barclays initiated coverage on shares of Antero Resources in a research report on Wednesday, April 10th. They issued an “equal weight” rating and a $32.00 target price for the company. The Goldman Sachs Group raised their price target on shares of Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday. Scotiabank boosted their price objective 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. Finally, StockNews.com raised shares of Antero Resources to a “sell” rating in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $33.00.

View Our Latest Report on Antero Resources

Insider Transactions at Antero Resources

In other news, insider Sheri Pearce sold 16,377 shares of the stock in a transaction on Monday, May 20th. The stock was sold at an average price of $35.50, for a total value of $581,383.50. Following the completion of the transaction, the insider now directly owns 77,460 shares in the company, valued at approximately $2,749,830. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, insider Sheri Pearce sold 16,377 shares of the company’s stock in a transaction that occurred on Monday, May 20th. The stock was sold at an average price of $35.50, for a total value of $581,383.50. Following the completion of the transaction, the insider now owns 77,460 shares of the company’s stock, valued at $2,749,830. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, insider Michael N. Kennedy sold 50,000 shares of Antero Resources stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the sale, the insider now owns 1,032,251 shares in the company, valued at $34,807,503.72. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 943,657 shares of company stock valued at $28,479,689. 6.70% of the stock is currently owned by insiders.

Antero Resources Price Performance

NYSE AR traded up $0.87 on Tuesday, hitting $34.15. 756,345 shares of the company’s stock were exchanged, compared to its average volume of 4,674,524. The stock has a 50-day moving average of $31.26 and a 200-day moving average of $26.27. The stock has a market cap of $10.61 billion, a price-to-earnings ratio of 167.30 and a beta of 3.27. Antero Resources Co. has a 52 week low of $19.91 and a 52 week high of $35.83. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21.

Antero Resources (NYSE:ARGet Free Report) last announced its quarterly earnings data on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share for the quarter. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. The business had revenue of $1.12 billion during the quarter, compared to the consensus estimate of $1.08 billion. Analysts expect that Antero Resources Co. will post 0.33 earnings per share for the current year.

Antero Resources Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Antero Resources (NYSE:AR)

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