Viking Fund Management LLC Has $1.74 Million Stock Holdings in Antero Resources Co. (NYSE:AR)

Viking Fund Management LLC reduced its position in Antero Resources Co. (NYSE:AR) by 29.4% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 60,000 shares of the oil and natural gas company’s stock after selling 25,000 shares during the period. Viking Fund Management LLC’s holdings in Antero Resources were worth $1,740,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Quadrant Capital Group LLC increased its holdings in Antero Resources by 28.0% in the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after buying an additional 602 shares during the period. Lindbrook Capital LLC increased its stake in shares of Antero Resources by 81.5% in the 4th 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 last quarter. Fund 1 Investments LLC raised its holdings in shares of Antero Resources by 2.0% during the 4th quarter. Fund 1 Investments LLC now owns 40,800 shares of the oil and natural gas company’s stock worth $925,000 after buying an additional 800 shares in the last quarter. Xponance Inc. boosted its stake in Antero Resources by 2.5% in the fourth quarter. Xponance Inc. now owns 34,724 shares of the oil and natural gas company’s stock valued at $788,000 after buying an additional 857 shares in the last quarter. Finally, Mcintyre Freedman & Flynn Investment Advisers Inc. grew its position in Antero Resources by 3.0% in the fourth quarter. Mcintyre Freedman & Flynn Investment Advisers Inc. now owns 34,300 shares of the oil and natural gas company’s stock valued at $778,000 after acquiring an additional 1,000 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Antero Resources Stock Down 0.8 %

NYSE AR traded down $0.27 on Thursday, hitting $32.62. 2,208,415 shares of the company were exchanged, compared to its average volume of 4,459,304. Antero Resources Co. has a 12 month low of $20.10 and a 12 month high of $36.28. The company has a current ratio of 0.29, a quick ratio of 0.29 and a debt-to-equity ratio of 0.21. The company has a market cap of $10.14 billion, a PE ratio of 164.40 and a beta of 3.28. The stock has a fifty day moving average of $33.54 and a 200-day moving average of $27.73.

Antero Resources (NYSE:AR) last released 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 net margin of 1.50% and a return on equity of 0.18%. The firm had revenue of $1.12 billion for the quarter, compared to the consensus estimate of $1.08 billion. As a group, analysts forecast that Antero Resources Co. will post 0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

AR has been the topic of several research reports. Morgan Stanley raised shares of Antero Resources from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $26.00 to $36.00 in a report on Wednesday, April 17th. JPMorgan Chase & Co. upped their target price on Antero Resources from $30.00 to $32.00 and gave the stock an “overweight” rating in a report on Wednesday, March 27th. StockNews.com upgraded shares of Antero Resources to a “sell” rating in a research report on Friday, April 26th. Scotiabank upped their price target on shares of Antero Resources from $36.00 to $40.00 and gave the company a “sector perform” rating in a research report on Tuesday, April 30th. Finally, The Goldman Sachs Group raised their target price on Antero Resources from $32.00 to $36.00 and gave the stock a “buy” rating in a research report on Tuesday, May 28th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating, five have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, Antero Resources has a consensus rating of “Hold” and a consensus target price of $33.00.

Insider Transactions at Antero Resources

In related news, Director Robert J. Clark sold 10,000 shares of Antero Resources stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $33.67, for a total transaction of $336,700.00. Following the transaction, the director now owns 69,963 shares of the company’s stock, valued at $2,355,654.21. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Antero Resources news, Director Robert J. Clark sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $33.67, for a total value of $336,700.00. Following the completion of the sale, the director now directly owns 69,963 shares of the company’s stock, valued at approximately $2,355,654.21. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director W Howard Keenan, Jr. sold 100,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $34.53, for a total value of $3,453,000.00. Following the completion of the transaction, the director now owns 2,900,000 shares in the company, valued at approximately $100,137,000. The disclosure for this sale can be found here. Insiders sold a total of 476,377 shares of company stock valued at $16,326,084 over the last ninety days. 6.70% of the stock is currently owned by 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.