Thrivent Financial for Lutherans Acquires 15,215 Shares of Antero Resources Corporation $AR

Thrivent Financial for Lutherans increased its holdings in shares of Antero Resources Corporation (NYSE:AR) by 14.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 117,817 shares of the oil and natural gas company’s stock after buying an additional 15,215 shares during the quarter. Thrivent Financial for Lutherans’ holdings in Antero Resources were worth $4,060,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Annandale Capital LLC lifted its position in shares of Antero Resources by 0.4% during the 3rd quarter. Annandale Capital LLC now owns 73,754 shares of the oil and natural gas company’s stock worth $2,475,000 after buying an additional 300 shares during the last quarter. Brooklyn Investment Group increased its holdings in Antero Resources by 2.0% in the 3rd quarter. Brooklyn Investment Group now owns 15,752 shares of the oil and natural gas company’s stock worth $529,000 after purchasing an additional 305 shares in the last quarter. Uhlmann Price Securities LLC increased its holdings in Antero Resources by 2.2% in the 3rd quarter. Uhlmann Price Securities LLC now owns 15,125 shares of the oil and natural gas company’s stock worth $508,000 after purchasing an additional 325 shares in the last quarter. Sequoia Financial Advisors LLC increased its holdings in Antero Resources by 4.2% in the 4th quarter. Sequoia Financial Advisors LLC now owns 8,506 shares of the oil and natural gas company’s stock worth $293,000 after purchasing an additional 343 shares in the last quarter. Finally, IFP Advisors Inc increased its holdings in Antero Resources by 59.2% in 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 in the last quarter. 83.04% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on AR. Zacks Research raised Antero Resources from a “hold” rating to a “strong-buy” rating in a report on Monday, April 27th. Wells Fargo & Company upped their target price on Antero Resources from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Friday, February 13th. Roth Mkm reaffirmed a “neutral” rating and issued a $38.00 target price on shares of Antero Resources in a report on Thursday, April 30th. TD Cowen raised Antero Resources to a “strong-buy” rating in a report on Monday, February 9th. Finally, Bank of America upped their target price on Antero Resources from $39.00 to $44.00 and gave the stock a “buy” rating in a report on Tuesday, April 21st. Five research analysts have rated the stock with a Strong Buy rating, ten have given a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Buy” and a consensus target price of $49.63.

Antero Resources Trading Down 0.7%

Shares of AR stock opened at $36.79 on Friday. The stock has a market cap of $11.40 billion, a price-to-earnings ratio of 11.95 and a beta of 0.36. The stock has a 50-day moving average of $39.31 and a 200-day moving average of $36.26. The company has a current ratio of 0.40, a quick ratio of 0.40 and a debt-to-equity ratio of 0.32. Antero Resources Corporation has a 1-year low of $29.10 and a 1-year high of $45.75.

Insider Activity

In other news, Director Benjamin A. Hardesty sold 12,000 shares of the stock in a transaction dated Thursday, March 19th. The stock was sold at an average price of $44.00, for a total value of $528,000.00. Following the completion of the sale, the director owned 150,242 shares of the company’s stock, valued at approximately $6,610,648. This represents a 7.40% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Michael N. Kennedy sold 185,826 shares of the stock in a transaction dated 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 of the company’s stock, valued at approximately $42,680,601.36. The trade was a 14.62% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 252,316 shares of company stock valued at $9,977,259. Company insiders own 6.30% 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.