Vaughan Nelson Investment Management L.P. Trims Stock Holdings in Antero Resources Corporation $AR

Vaughan Nelson Investment Management L.P. reduced its position in Antero Resources Corporation (NYSE:AR) by 17.8% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,441,273 shares of the oil and natural gas company’s stock after selling 313,075 shares during the quarter. Vaughan Nelson Investment Management L.P.’s holdings in Antero Resources were worth $61,168,000 at the end of the most recent reporting period.

A number of other hedge funds have also modified their holdings of AR. Sunbelt Securities Inc. acquired a new position in shares of Antero Resources in the 3rd quarter valued at $30,000. IFP Advisors Inc boosted its stake in Antero Resources by 59.2% during the 3rd quarter. IFP Advisors Inc now owns 928 shares of the oil and natural gas company’s stock worth $31,000 after purchasing an additional 345 shares during the period. Los Angeles Capital Management LLC purchased a new position in Antero Resources during the 4th quarter worth $41,000. Hilton Head Capital Partners LLC purchased a new position in Antero Resources during the 4th quarter worth $44,000. Finally, SBI Okasan Asset Management Co.Ltd. acquired a new position in Antero Resources in the fourth quarter valued at $45,000. 83.04% of the stock is currently owned by hedge funds and other institutional investors.

Antero Resources Stock Performance

Shares of AR opened at $33.23 on Monday. 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 stock has a market capitalization of $10.30 billion, a P/E ratio of 10.79 and a beta of 0.33. The company’s fifty day moving average is $36.61 and its two-hundred day moving average is $36.42. Antero Resources Corporation has a 1 year low of $29.10 and a 1 year high of $45.75.

Insider Buying and Selling at Antero Resources

In other news, insider Michael N. Kennedy sold 185,826 shares of the business’s stock in a transaction dated Monday, May 4th. The shares were 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 $42,680,601.36. The trade was a 14.62% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction dated Monday, May 4th. The stock was sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the transaction, the insider directly owned 277,665 shares of the company’s stock, valued at $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 4.10% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on AR shares. Weiss Ratings cut shares of Antero Resources from a “buy (b-)” rating to a “hold (c+)” rating in a report on Thursday, May 28th. Roth Mkm reissued a “neutral” rating and set a $38.00 price target on shares of Antero Resources in a report on Thursday, April 30th. Morgan Stanley boosted their price target on Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Zacks Research downgraded Antero Resources from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, May 26th. Finally, UBS Group increased their price objective on Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Four analysts have rated the stock with a Strong Buy rating, nine have assigned a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $50.06.

About Antero Resources

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.