Davis Investment Partners LLC Purchases Shares of 15,174 Antero Resources Corporation $AR

Davis Investment Partners LLC purchased a new stake in Antero Resources Corporation (NYSE:AR) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 15,174 shares of the oil and natural gas company’s stock, valued at approximately $644,000.

A number of other hedge funds also recently made changes to their positions in the stock. State Street Corp lifted its stake in shares of Antero Resources by 1.2% in the third quarter. State Street Corp now owns 10,171,885 shares of the oil and natural gas company’s stock worth $341,368,000 after acquiring an additional 116,461 shares during the period. Dimensional Fund Advisors LP increased its position in Antero Resources by 14.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 9,085,648 shares of the oil and natural gas company’s stock valued at $313,106,000 after purchasing an additional 1,115,258 shares during the period. Sourcerock Group LLC increased its position in Antero Resources by 10.6% during the 2nd quarter. Sourcerock Group LLC now owns 8,156,134 shares of the oil and natural gas company’s stock valued at $328,529,000 after purchasing an additional 783,117 shares during the period. Invesco Ltd. raised its holdings in Antero Resources by 18.0% during the 4th quarter. Invesco Ltd. now owns 4,999,747 shares of the oil and natural gas company’s stock worth $172,291,000 after purchasing an additional 761,842 shares during the last quarter. Finally, AQR Capital Management LLC raised its holdings in Antero Resources by 35.4% during the 4th quarter. AQR Capital Management LLC now owns 4,694,364 shares of the oil and natural gas company’s stock worth $161,768,000 after purchasing an additional 1,226,828 shares during the last quarter. 83.04% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other Antero Resources news, insider Michael N. Kennedy sold 185,826 shares of the firm’s stock in a transaction on Monday, May 4th. The shares were sold at an average price of $39.33, for a total value of $7,308,536.58. Following the completion of the sale, the insider directly owned 1,085,192 shares in the company, valued at approximately $42,680,601.36. This trade represents a 14.62% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Yvette K. Schultz sold 39,490 shares of Antero Resources stock in a transaction on 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 completion of the sale, the insider directly owned 277,665 shares of the company’s stock, valued at approximately $10,903,904.55. This trade represents a 12.45% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Company insiders own 4.10% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. 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. Mizuho lifted their target price on shares of Antero Resources from $50.00 to $54.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 27th. Roth Mkm restated a “neutral” rating and issued a $38.00 target price on shares of Antero Resources in a report on Thursday, April 30th. Morgan Stanley upped their price target on shares of Antero Resources from $54.00 to $56.00 and gave the company an “overweight” rating in a research report on Friday, April 17th. Finally, Jefferies Financial Group reiterated a “buy” rating and set a $57.00 price target on shares of Antero Resources in a report 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. Based on data from MarketBeat.com, Antero Resources presently has an average rating of “Moderate Buy” and a consensus price target of $50.19.

Antero Resources Stock Performance

NYSE:AR opened at $34.72 on Thursday. The company has a fifty day moving average of $36.41 and a 200-day moving average of $36.39. The firm has a market capitalization of $10.76 billion, a P/E ratio of 11.27 and a beta of 0.33. 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 Corporation has a twelve month low of $29.10 and a twelve month high of $45.75.

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.