Fielder Capital Group LLC Invests $4.33 Million in Antero Resources Co. (NYSE:AR)

Fielder Capital Group LLC purchased a new stake in shares of Antero Resources Co. (NYSE:AR) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 123,611 shares of the oil and natural gas company’s stock, valued at approximately $4,333,000. Antero Resources accounts for approximately 1.4% of Fielder Capital Group LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also modified their holdings of AR. Parkside Financial Bank & Trust increased its stake in shares of Antero Resources by 1,387.3% during the fourth quarter. Parkside Financial Bank & Trust now owns 2,692 shares of the oil and natural gas company’s stock valued at $94,000 after acquiring an additional 2,511 shares during the period. Fort Sheridan Advisors LLC bought a new position in Antero Resources during the 4th quarter valued at $911,000. Proficio Capital Partners LLC acquired a new position in shares of Antero Resources during the 4th quarter valued at $968,000. Oregon Public Employees Retirement Fund raised its stake in shares of Antero Resources by 0.5% in the 4th quarter. Oregon Public Employees Retirement Fund now owns 59,482 shares of the oil and natural gas company’s stock worth $2,085,000 after buying an additional 300 shares in the last quarter. Finally, Sprott Inc. acquired a new stake in shares of Antero Resources in the fourth quarter valued at $202,000. 83.04% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In related news, Director W Howard Keenan, Jr. sold 200,000 shares of the stock in a transaction that occurred on Tuesday, February 18th. The stock was sold at an average price of $39.76, for a total value of $7,952,000.00. Following the transaction, the director now owns 1,800,000 shares in the company, valued at approximately $71,568,000. This represents a 10.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 6.70% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of research firms recently issued reports on AR. Barclays lifted their target price on Antero Resources from $36.00 to $38.00 and gave the stock an “equal weight” rating in a report on Friday, February 14th. Truist Financial lifted their price objective on shares of Antero Resources from $28.00 to $38.00 and gave the stock a “hold” rating in a research note on Monday, January 13th. JPMorgan Chase & Co. increased their target price on shares of Antero Resources from $36.00 to $38.00 and gave the company an “overweight” rating in a research note on Tuesday, January 14th. Wells Fargo & Company upgraded shares of Antero Resources from an “underweight” rating to an “equal weight” rating and lifted their price target for the stock from $24.00 to $32.00 in a research report on Tuesday, December 17th. Finally, UBS Group increased their price objective on Antero Resources from $39.00 to $44.00 and gave the company a “neutral” rating in a research report on Thursday, February 13th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, Antero Resources currently has an average rating of “Moderate Buy” and a consensus price target of $39.44.

Antero Resources Price Performance

Shares of AR opened at $35.53 on Friday. The company has a debt-to-equity ratio of 0.21, a current ratio of 0.35 and a quick ratio of 0.35. The company has a market capitalization of $11.06 billion, a price-to-earnings ratio of 111.05 and a beta of 3.33. The business’s 50-day moving average is $37.64 and its 200-day moving average is $31.90. Antero Resources Co. has a fifty-two week low of $24.53 and a fifty-two week high of $41.53.

Antero Resources (NYSE:AR) last released its earnings results on Wednesday, February 12th. The oil and natural gas company reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.40 by $0.14. Antero Resources had a net margin of 2.31% and a return on equity of 0.74%. Equities research analysts expect that Antero Resources Co. will post 2.74 EPS for the current fiscal year.

Antero Resources Company Profile

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.