Texas Permanent School Fund Corp Acquires 3,203 Shares of Antero Resources Co. (NYSE:AR)

Texas Permanent School Fund Corp increased its holdings in Antero Resources Co. (NYSE:AR) by 1.3% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 247,251 shares of the oil and natural gas company’s stock after purchasing an additional 3,203 shares during the quarter. Texas Permanent School Fund Corp owned approximately 0.08% of Antero Resources worth $7,170,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of AR. Allspring Global Investments Holdings LLC boosted its stake in shares of Antero Resources by 1,311.8% in the 1st quarter. Allspring Global Investments Holdings LLC now owns 960 shares of the oil and natural gas company’s stock valued at $28,000 after purchasing an additional 892 shares during the last quarter. Mather Group LLC. bought a new stake in shares of Antero Resources during the first quarter valued at approximately $37,000. Lindbrook Capital LLC grew its holdings in shares of Antero Resources by 81.5% during the fourth quarter. Lindbrook Capital LLC now owns 1,479 shares of the oil and natural gas company’s stock valued at $34,000 after buying an additional 664 shares during the last quarter. Planned Solutions Inc. bought a new stake in Antero Resources during the 4th quarter worth approximately $45,000. Finally, Quadrant Capital Group LLC lifted its stake in Antero Resources by 28.0% during the 4th quarter. Quadrant Capital Group LLC now owns 2,752 shares of the oil and natural gas company’s stock valued at $62,000 after acquiring an additional 602 shares in the last quarter. 83.04% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Michael N. Kennedy sold 50,000 shares of the business’s stock in a transaction on Tuesday, May 14th. The shares were sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the completion of the transaction, the insider now directly owns 1,032,251 shares in the company, valued at approximately $34,807,503.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Antero Resources news, insider Sheri Pearce sold 16,377 shares of Antero Resources stock in a transaction that occurred on Monday, May 20th. The shares were sold at an average price of $35.50, for a total transaction of $581,383.50. Following the completion of the sale, the insider now directly owns 77,460 shares in the company, valued at $2,749,830. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Michael N. Kennedy sold 50,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 14th. The stock was sold at an average price of $33.72, for a total transaction of $1,686,000.00. Following the completion of the transaction, the insider now directly owns 1,032,251 shares of the company’s stock, valued at approximately $34,807,503.72. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 476,377 shares of company stock worth $16,326,084. 6.70% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several research firms have commented on AR. Wells Fargo & Company increased their price objective on shares of Antero Resources from $35.00 to $43.00 and gave the company an “overweight” rating in a research note on Tuesday, April 30th. The Goldman Sachs Group increased their price target on Antero Resources from $32.00 to $36.00 and gave the company a “buy” rating in a research report on Tuesday, May 28th. Mizuho boosted their price objective on Antero Resources from $29.00 to $37.00 and gave the stock a “neutral” rating in a research report on Monday, May 13th. Truist Financial decreased their target price on Antero Resources from $28.00 to $27.00 and set a “hold” rating for the company in a research report on Friday, April 5th. Finally, Scotiabank boosted their price target on shares of Antero Resources from $36.00 to $40.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. One investment analyst has rated the stock with a sell rating, six have given a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Antero Resources currently has a consensus rating of “Moderate Buy” and a consensus price target of $34.08.

Antero Resources Stock Performance

Shares of NYSE:AR traded down $0.10 during trading on Friday, hitting $32.38. 165,749 shares of the company were exchanged, compared to its average volume of 4,295,431. Antero Resources Co. has a 52-week low of $20.10 and a 52-week high of $36.28. The stock has a 50 day moving average of $33.69 and a 200 day moving average of $28.52. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.29 and a quick ratio of 0.29. The company has a market cap of $10.06 billion, a PE ratio of 162.40 and a beta of 3.39.

Antero Resources (NYSE:AR) last issued its quarterly earnings data on Wednesday, April 24th. The oil and natural gas company reported $0.03 earnings per share (EPS) for the quarter. The business had revenue of $1.12 billion for the quarter, compared to analysts’ expectations of $1.08 billion. Antero Resources had a return on equity of 0.18% and a net margin of 1.50%. As a group, equities research analysts predict that Antero Resources Co. will post 0.41 EPS for the current year.

About Antero Resources

Antero Resources Corporation, an independent oil and natural gas company, engages in the development, production, exploration, and acquisition of natural gas, natural gas liquids (NGLs), and oil properties in the United States. It operates in three segments: Exploration and Development; Marketing; and Equity Method Investment in Antero Midstream.