Antero Resources Co. (NYSE:AR) Holdings Decreased by Kailix Advisors LLC

Kailix Advisors LLC decreased its holdings in shares of Antero Resources Co. (NYSE:AR) by 18.9% during the fourth quarter, Holdings Channel.com reports. The fund owned 490,405 shares of the oil and natural gas company’s stock after selling 114,380 shares during the period. Antero Resources accounts for approximately 14.4% of Kailix Advisors LLC’s holdings, making the stock its 3rd biggest holding. Kailix Advisors LLC’s holdings in Antero Resources were worth $17,189,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of AR. Janney Montgomery Scott LLC lifted its holdings in Antero Resources by 83.7% in the fourth quarter. Janney Montgomery Scott LLC now owns 26,467 shares of the oil and natural gas company’s stock valued at $928,000 after acquiring an additional 12,062 shares during the period. Geode Capital Management LLC lifted its holdings in Antero Resources by 1.3% in the third quarter. Geode Capital Management LLC now owns 4,852,246 shares of the oil and natural gas company’s stock valued at $139,054,000 after acquiring an additional 61,490 shares during the period. Massachusetts Financial Services Co. MA lifted its holdings in Antero Resources by 4.8% in the third quarter. Massachusetts Financial Services Co. MA now owns 2,664,628 shares of the oil and natural gas company’s stock valued at $76,342,000 after acquiring an additional 122,815 shares during the period. Allspring Global Investments Holdings LLC lifted its holdings in Antero Resources by 1,423.0% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 8,544 shares of the oil and natural gas company’s stock valued at $304,000 after acquiring an additional 7,983 shares during the period. Finally, Capital CS Group LLC purchased a new stake in shares of Antero Resources in the fourth quarter valued at approximately $615,000. Hedge funds and other institutional investors own 83.04% of the company’s stock.

Insider Activity

In other Antero Resources news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 1,800,000 shares of the company’s stock, valued at approximately $71,568,000. This trade represents a 10.00 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 6.70% of the company’s stock.

Antero Resources Trading Up 0.7 %

AR opened at $36.10 on Thursday. Antero Resources Co. has a one year low of $24.53 and a one year high of $41.53. The company has a market cap of $11.23 billion, a P/E ratio of 112.83 and a beta of 3.38. The company has a debt-to-equity ratio of 0.21, a quick ratio of 0.35 and a current ratio of 0.35. The business’s 50-day simple moving average is $38.01 and its 200-day simple moving average is $32.42.

Antero Resources (NYSE:AR) last released its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 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, equities research analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently commented on AR shares. Williams Trading set a $48.00 price objective on Antero Resources in a research report on Wednesday, March 5th. Citigroup boosted their price objective on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a research report on Friday, December 6th. Wells Fargo & Company upgraded Antero Resources from an “underweight” rating to an “equal weight” rating and boosted their price target for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Benchmark reiterated a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Finally, Raymond James boosted their price target on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a research report on Thursday, January 23rd. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company. According to data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus target price of $39.94.

Antero Resources Company 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.