WINTON GROUP Ltd Boosts Holdings in Antero Resources Corporation $AR

WINTON GROUP Ltd increased its holdings in Antero Resources Corporation (NYSE:AR) by 315.5% during the fourth quarter, Holdings Channel reports. The firm owned 286,201 shares of the oil and natural gas company’s stock after acquiring an additional 217,317 shares during the quarter. WINTON GROUP Ltd’s holdings in Antero Resources were worth $9,862,000 at the end of the most recent reporting period.

A number of other large investors also recently added to or reduced their stakes in AR. CIBC Bancorp USA Inc. purchased a new position in Antero Resources in the 3rd quarter worth approximately $77,294,000. Massachusetts Financial Services Co. MA raised its holdings in shares of Antero Resources by 111.2% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 3,988,300 shares of the oil and natural gas company’s stock worth $137,437,000 after acquiring an additional 2,099,755 shares in the last quarter. AQR Capital Management LLC raised its holdings in shares of Antero Resources by 140.2% during the 3rd quarter. AQR Capital Management LLC now owns 3,467,536 shares of the oil and natural gas company’s stock worth $116,371,000 after acquiring an additional 2,023,828 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Antero Resources by 31.8% during the 3rd quarter. Dimensional Fund Advisors LP now owns 7,970,390 shares of the oil and natural gas company’s stock worth $267,485,000 after acquiring an additional 1,922,977 shares in the last quarter. Finally, Eurizon Capital SGR S.p.A. purchased a new stake in shares of Antero Resources during the 4th quarter worth approximately $58,831,000. 83.04% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

AR has been the topic of several recent research reports. Morgan Stanley upped their price objective on Antero Resources from $54.00 to $56.00 and gave the stock an “overweight” rating in a report on Friday, April 17th. Citigroup upped their price objective on Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a report on Tuesday, March 31st. Truist Financial initiated coverage on Antero Resources in a report on Tuesday, March 24th. They set a “buy” rating and a $56.00 price objective on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $57.00 price objective on shares of Antero Resources in a report on Friday, May 1st. Finally, Roth Mkm reaffirmed a “neutral” rating and set a $38.00 price objective on shares of Antero Resources in a report on Thursday, April 30th. Four analysts have rated the stock with a Strong Buy rating, nine have issued a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $50.06.

Antero Resources Stock Performance

NYSE AR opened at $35.53 on Friday. The company has a market cap of $11.01 billion, a P/E ratio of 11.54 and a beta of 0.33. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40. The business’s 50 day moving average price is $38.10 and its 200-day moving average price is $36.43. Antero Resources Corporation has a fifty-two week low of $29.10 and a fifty-two week high of $45.75.

Insider Activity

In other news, Director Benjamin A. Hardesty sold 12,000 shares of the business’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of $44.00, for a total transaction of $528,000.00. Following the transaction, the director owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. The trade was a 7.40% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Yvette K. Schultz sold 39,490 shares of the business’s stock in a transaction that occurred on Monday, May 4th. The shares were sold at an average price of $39.27, for a total value of $1,550,772.30. Following the transaction, the insider directly owned 277,665 shares in the company, valued at approximately $10,903,904.55. This represents a 12.45% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 252,316 shares of company stock valued at $9,977,259. 4.10% of the stock is currently owned by insiders.

Antero Resources 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.