Vanguard Group Inc. Grows Stock Position in Antero Resources Co. (NYSE:AR)

Vanguard Group Inc. boosted its stake in shares of Antero Resources Co. (NYSE:AR) by 0.7% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 29,574,973 shares of the oil and natural gas company’s stock after acquiring an additional 214,060 shares during the quarter. Vanguard Group Inc. owned 9.50% of Antero Resources worth $1,036,603,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also bought and sold shares of AR. Pinnacle Bancorp Inc. purchased a new stake in shares of Antero Resources during the fourth quarter valued at approximately $28,000. True Wealth Design LLC bought a new stake in Antero Resources during the 3rd quarter valued at $30,000. Spire Wealth Management purchased a new stake in Antero Resources during the 4th quarter valued at $31,000. Wilmington Savings Fund Society FSB boosted its position in Antero Resources by 205.2% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock valued at $48,000 after buying an additional 913 shares during the period. Finally, UMB Bank n.a. grew its holdings in Antero Resources by 59.6% in the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock worth $49,000 after acquiring an additional 523 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on AR shares. JPMorgan Chase & Co. upped their price objective on shares of Antero Resources from $45.00 to $47.00 and gave the company an “overweight” rating in a research note on Thursday, March 13th. UBS Group increased their price objective on Antero Resources from $39.00 to $44.00 and gave the stock a “neutral” rating in a report on Thursday, February 13th. Wells Fargo & Company boosted their target price on Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a research note on Wednesday, March 19th. Mizuho raised their price target on Antero Resources from $35.00 to $40.00 and gave the stock a “neutral” rating in a research note on Monday, December 16th. Finally, The Goldman Sachs Group boosted their price objective on shares of Antero Resources from $39.00 to $44.00 and gave the company a “buy” rating in a research report on Thursday, January 23rd. One equities 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 issued a strong buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $42.24.

Insider Transactions at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 18th. The shares were 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 owns 1,800,000 shares of the company’s stock, valued at $71,568,000. This trade represents a 10.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 6.70% of the stock is owned by insiders.

Antero Resources Price Performance

Shares of NYSE AR opened at $39.68 on Friday. 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 company has a 50 day simple moving average of $38.47 and a two-hundred day simple moving average of $33.52. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $42.63. The company has a market capitalization of $12.35 billion, a price-to-earnings ratio of 124.01 and a beta of 3.38.

Antero Resources (NYSE:AR) last posted its quarterly earnings data on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share 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%. Analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal 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.