Antero Resources Co. (NYSE:AR) Holdings Boosted by Teacher Retirement System of Texas

Teacher Retirement System of Texas grew its holdings in Antero Resources Co. (NYSE:AR) by 94.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 93,168 shares of the oil and natural gas company’s stock after purchasing an additional 45,259 shares during the period. Teacher Retirement System of Texas’ holdings in Antero Resources were worth $3,266,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its position in Antero Resources by 4.0% during the 3rd quarter. Wellington Management Group LLP now owns 17,460,062 shares of the oil and natural gas company’s stock worth $500,231,000 after acquiring an additional 675,053 shares during the period. Geode Capital Management LLC boosted its holdings 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 during the period. Raymond James Financial Inc. purchased a new position in Antero Resources during the fourth quarter valued at approximately $140,020,000. Charles Schwab Investment Management Inc. increased its stake in Antero Resources by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 1,961,644 shares of the oil and natural gas company’s stock valued at $68,756,000 after buying an additional 32,220 shares during the period. Finally, William Blair Investment Management LLC lifted its position in Antero Resources by 4.3% in the 4th quarter. William Blair Investment Management LLC now owns 1,434,147 shares of the oil and natural gas company’s stock worth $50,267,000 after buying an additional 59,439 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction dated Tuesday, February 18th. The shares were sold at an average price of $39.76, for a total value of $7,952,000.00. Following the completion of the transaction, the director now 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 SEC, which is available at this hyperlink. 6.70% of the stock is owned by company insiders.

Analyst Ratings Changes

Several brokerages recently issued reports on AR. Raymond James increased their price objective on Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Citigroup lifted their price target on Antero Resources from $29.00 to $35.00 and gave the company a “neutral” rating in a report on Friday, December 6th. StockNews.com raised Antero Resources to a “sell” rating in a research note on Thursday, February 13th. Barclays raised their price objective on shares of Antero Resources from $36.00 to $38.00 and gave the company an “equal weight” rating in a research report on Friday, February 14th. Finally, Wells Fargo & Company increased their price target on shares of Antero Resources from $40.00 to $42.00 and gave the stock an “equal weight” rating in a research note on Wednesday, March 19th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eight have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $41.06.

Antero Resources Stock Performance

NYSE:AR opened at $41.46 on Wednesday. The firm’s 50-day moving average is $38.49 and its 200-day moving average is $33.32. The company has a market cap of $12.90 billion, a price-to-earnings ratio of 129.57 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. Antero Resources Co. has a 52-week low of $24.53 and a 52-week high of $41.74.

Antero Resources (NYSE:AR) last posted its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 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%. Equities research analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current year.

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.