Savant Capital LLC Sells 23,149 Shares of Antero Resources Corporation $AR

Savant Capital LLC trimmed its holdings in shares of Antero Resources Corporation (NYSE:AR) by 71.1% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,426 shares of the oil and natural gas company’s stock after selling 23,149 shares during the quarter. Savant Capital LLC’s holdings in Antero Resources were worth $325,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in AR. CIBC Bancorp USA Inc. bought a new stake in Antero Resources during the 3rd quarter worth approximately $77,294,000. Massachusetts Financial Services Co. MA boosted its stake in shares of Antero Resources by 111.2% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock valued at $137,437,000 after purchasing an additional 2,099,755 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Antero Resources by 140.2% in the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock valued at $116,371,000 after purchasing an additional 2,023,828 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Antero Resources by 31.8% in the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock valued at $267,485,000 after purchasing an additional 1,922,977 shares during the last quarter. Finally, Jupiter Asset Management Ltd. bought a new stake in shares of Antero Resources in the 3rd quarter valued at $52,737,000. 83.04% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of research firms have recently commented on AR. Barclays upped their price objective on shares of Antero Resources from $41.00 to $43.00 and gave the company an “equal weight” rating in a research note on Monday, March 16th. Williams Trading set a $56.00 price objective on shares of Antero Resources in a research note on Monday, April 20th. Truist Financial began coverage on shares of Antero Resources in a research note on Tuesday, March 24th. They issued a “buy” rating and a $56.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $57.00 price objective on shares of Antero Resources in a research note on Friday, May 1st. Finally, UBS Group upped their price objective on shares of Antero Resources from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Four equities research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus target price of $50.06.

Insider Buying and Selling

In related news, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction on Thursday, March 19th. The shares were sold at an average price of $44.00, for a total transaction of $528,000.00. Following the transaction, the director directly owned 150,242 shares of the company’s stock, valued at $6,610,648. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction on Monday, May 4th. The stock was sold at an average price of $39.33, for a total transaction of $7,308,536.58. Following the transaction, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This represents a 14.62% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 252,316 shares of company stock valued at $9,977,259 over the last ninety days. 4.10% of the stock is owned by corporate insiders.

Antero Resources Stock Down 4.2%

Shares of NYSE AR opened at $35.53 on Friday. The firm has a market cap of $11.01 billion, a PE ratio of 11.54 and a beta of 0.33. Antero Resources Corporation has a 12-month low of $29.10 and a 12-month high of $45.75. The company’s fifty day simple moving average is $38.10 and its 200 day simple moving average is $36.43. The company has a quick ratio of 0.40, a current ratio of 0.40 and a debt-to-equity ratio of 0.32.

Antero Resources Company Profile

Antero Resources Corporation is an independent exploration and production company focused on the development of natural gas, natural gas liquids (NGLs) and oil properties in the Appalachian Basin of the United States. The company’s operations target the Marcellus and Utica shales, where it applies advanced drilling and completion techniques to optimize recovery from its large acreage position. Antero’s portfolio encompasses significant reserves of ethane, propane and other NGLs, alongside dry gas volumes that are positioned to serve both domestic and export markets.

Headquartered in Denver, Colorado, Antero Resources holds approximately 1.8 million net acres of leasehold interests across parts of West Virginia and Ohio.