Paragon Capital Management Inc. Buys Shares of 39,099 Antero Resources Corporation $AR

Paragon Capital Management Inc. bought a new stake in shares of Antero Resources Corporation (NYSE:AR) in the 1st quarter, HoldingsChannel.com reports. The firm bought 39,099 shares of the oil and natural gas company’s stock, valued at approximately $1,659,000. Antero Resources makes up about 1.4% of Paragon Capital Management Inc.’s portfolio, making the stock its 16th largest holding.

A number of other hedge funds have also made changes to their positions in AR. SG Americas Securities LLC increased its stake in shares of Antero Resources by 197.0% in the first quarter. SG Americas Securities LLC now owns 429,514 shares of the oil and natural gas company’s stock worth $18,229,000 after buying an additional 284,887 shares during the last quarter. Park National Corp OH raised its holdings in Antero Resources by 5.1% in the first quarter. Park National Corp OH now owns 12,612 shares of the oil and natural gas company’s stock valued at $535,000 after acquiring an additional 612 shares in the last quarter. Diversified Trust Co bought a new position in Antero Resources during the 1st quarter valued at $722,000. Purpose Unlimited Inc. bought a new position in Antero Resources during the 4th quarter valued at $645,000. Finally, Rockefeller Capital Management L.P. grew its holdings in Antero Resources by 311.2% during the 4th quarter. Rockefeller Capital Management L.P. now owns 8,858 shares of the oil and natural gas company’s stock worth $305,000 after acquiring an additional 6,704 shares in the last quarter. Institutional investors and hedge funds own 83.04% of the company’s stock.

Antero Resources Stock Up 2.5%

Shares of NYSE:AR opened at $34.04 on Tuesday. The stock has a market capitalization of $10.55 billion, a price-to-earnings ratio of 11.05 and a beta of 0.33. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75. The company’s fifty day moving average is $36.53 and its two-hundred day moving average is $36.41. The company has a debt-to-equity ratio of 0.32, a quick ratio of 0.40 and a current ratio of 0.40.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the stock. Benchmark raised shares of Antero Resources from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research report on Thursday, March 5th. UBS Group increased their price target on shares of Antero Resources from $54.00 to $56.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Citigroup lifted their price target on Antero Resources from $39.00 to $53.00 and gave the stock a “buy” rating in a research note on Tuesday, March 31st. Zacks Research lowered Antero Resources from a “strong-buy” rating to a “hold” rating in a report on Tuesday, May 26th. Finally, Morgan Stanley upped their price objective on Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research note on Friday, April 17th. Four research analysts have rated the stock with a Strong Buy rating, nine have given a Buy rating and six have given a Hold rating to the company’s stock. According to MarketBeat.com, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $50.06.

Insider Activity

In related news, insider Yvette K. Schultz sold 39,490 shares of the stock in a transaction dated Monday, May 4th. The shares were sold at an average price of $39.27, for a total transaction of $1,550,772.30. Following the sale, the insider owned 277,665 shares in the company, valued at $10,903,904.55. This represents a 12.45% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the insider directly owned 1,085,192 shares in the company, valued at $42,680,601.36. This represents a 14.62% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders own 4.10% of the company’s stock.

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.