Renaissance Technologies LLC Decreases Stock Holdings in Antero Resources Co. (NYSE:AR)

Renaissance Technologies LLC lessened its stake in Antero Resources Co. (NYSE:AR) by 77.0% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 340,965 shares of the oil and natural gas company’s stock after selling 1,141,242 shares during the period. Renaissance Technologies LLC owned 0.11% of Antero Resources worth $11,951,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other large investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. purchased a new position in shares of Antero Resources in the 4th quarter worth approximately $28,000. Spire Wealth Management purchased a new position in Antero Resources in the fourth quarter worth $31,000. Wilmington Savings Fund Society FSB increased its position in shares of Antero Resources by 205.2% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,358 shares of the oil and natural gas company’s stock worth $48,000 after purchasing an additional 913 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Antero Resources by 59.6% during the 4th quarter. UMB Bank n.a. now owns 1,401 shares of the oil and natural gas company’s stock valued at $49,000 after purchasing an additional 523 shares during the last quarter. Finally, Transcendent Capital Group LLC acquired a new stake in shares of Antero Resources in the 4th quarter worth $56,000. 83.04% of the stock is currently owned by institutional investors.

Insider Activity at Antero Resources

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the firm’s 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 transaction, 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 6.70% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Benchmark reaffirmed a “hold” rating on shares of Antero Resources in a research report on Friday, January 17th. Barclays increased 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. The Goldman Sachs Group boosted their target price on shares of Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a research report on Thursday, January 23rd. Raymond James raised their price target on shares of Antero Resources from $44.00 to $60.00 and gave the stock a “strong-buy” rating in a report on Thursday, January 23rd. Finally, Wells Fargo & Company boosted their price objective on shares of Antero Resources from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Wednesday, March 19th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating, nine have given a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat.com, Antero Resources has a consensus rating of “Moderate Buy” and a consensus target price of $42.44.

Antero Resources Trading Down 0.6 %

Antero Resources stock opened at $33.05 on Wednesday. The company has a current ratio of 0.35, a quick ratio of 0.35 and a debt-to-equity ratio of 0.21. The firm has a market cap of $10.28 billion, a PE ratio of 103.28 and a beta of 3.08. The stock’s 50 day simple moving average is $37.52 and its two-hundred day simple moving average is $34.31. Antero Resources Co. has a 12 month low of $24.53 and a 12 month high of $42.63.

Antero Resources (NYSE:AR) last announced its quarterly earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Analysts anticipate that Antero Resources Co. will post 2.74 earnings per share for the current year.

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.