Stock Traders Buy High Volume of Antero Midstream Put Options (NYSE:AM)

Antero Midstream Co. (NYSE:AM) was the target of unusually large options trading activity on Friday. Traders bought 31,036 put options on the company. This is an increase of approximately 1,845% compared to the average daily volume of 1,596 put options.

Analyst Upgrades and Downgrades

AM has been the subject of several recent analyst reports. StockNews.com upgraded Antero Midstream from a “hold” rating to a “buy” rating in a research note on Monday. Wells Fargo & Company cut Antero Midstream from an “overweight” rating to an “equal weight” rating and set a $16.00 target price on the stock. in a report on Wednesday, December 18th.

Insiders Place Their Bets

In other news, Director Brooks J. Klimley sold 10,000 shares of the company’s stock in a transaction dated Tuesday, November 5th. The shares were sold at an average price of $14.66, for a total transaction of $146,600.00. Following the completion of the sale, the director now owns 74,100 shares of the company’s stock, valued at $1,086,306. This represents a 11.89 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.61% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Antero Midstream

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC acquired a new position in shares of Antero Midstream during the third quarter worth $38,000. Blue Trust Inc. grew its stake in Antero Midstream by 149.4% during the 3rd quarter. Blue Trust Inc. now owns 3,100 shares of the pipeline company’s stock worth $46,000 after buying an additional 1,857 shares during the last quarter. Brooklyn Investment Group acquired a new position in Antero Midstream during the 3rd quarter valued at about $48,000. Abich Financial Wealth Management LLC purchased a new stake in Antero Midstream in the second quarter valued at about $55,000. Finally, GAMMA Investing LLC boosted its holdings in Antero Midstream by 44.5% in the fourth quarter. GAMMA Investing LLC now owns 6,372 shares of the pipeline company’s stock worth $96,000 after acquiring an additional 1,962 shares in the last quarter. Hedge funds and other institutional investors own 53.97% of the company’s stock.

Antero Midstream Trading Up 1.9 %

AM traded up $0.29 on Friday, reaching $15.77. 655,591 shares of the company traded hands, compared to its average volume of 1,087,582. The firm has a fifty day simple moving average of $15.19 and a two-hundred day simple moving average of $14.89. The company has a quick ratio of 1.09, a current ratio of 1.09 and a debt-to-equity ratio of 1.49. Antero Midstream has a one year low of $11.58 and a one year high of $16.00. The company has a market cap of $7.59 billion, a P/E ratio of 19.47 and a beta of 2.39.

Antero Midstream Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, November 6th. Shareholders of record on Wednesday, October 23rd were issued a dividend of $0.225 per share. The ex-dividend date of this dividend was Wednesday, October 23rd. This represents a $0.90 dividend on an annualized basis and a yield of 5.71%. Antero Midstream’s dividend payout ratio is currently 111.11%.

Antero Midstream Company Profile

Antero Midstream Corporation owns, operates, and develops midstream energy assets in the Appalachian Basin. It operates in two segments, Gathering and Processing, and Water Handling. The Gathering and Processing segment includes a network of gathering pipelines and compressor stations that collects and processes production from Antero Resources' wells in West Virginia and Ohio.